If a debtor cannot satisfy all creditors, or does not have to, their claims collide. But does the legal system allow creditors to compete freely? Or does it dictate equal distribution or give priority to certain claims? Based on a deep historical analysis, Gregor Albers's study drafts a model for when which principle applies. Moreover, he suggests how to organise the competition and how to redress maldistributions.
Mohr Siebeck GmbH & Co. K
978-3-16-164266-1
If a debtor cannot satisfy all creditors, or does not have to, their claims collide. But does the legal system allow creditors to compete freely? Or does it dictate equal distribution or give priority to certain claims? Based on a deep historical analysis, Gregor Albers's study drafts a model for when which principle applies. Moreover, he suggests how to organise the competition and how to redress maldistributions.
Mohr Siebeck GmbH & Co. K
978-3-16-164266-1

