Reformation of the European Insolvency Regulation to Act as a Legislative Tool to Assist in Europe’s Growth Agenda

Abstract:

This article proposes that the European Insolvency Regulation should be reformed to provide for a more unified and harmonised system of bankruptcy discharge periods in the European Union for 'honest' bankrupts. It is argued that this would ensure that the reformation of the European Insolvency Regulation has the ability to seek to achieve its objectives of improving the efficiency of the European framework for cross-border insolvencies and the ability to act as a real as opposed to an apparent tool to link in with Europe's Growth Agenda 2020.