Book description
The fundamental ethical problem in bankruptcy is that insolvents
have promised to pay their debts but can not keep their promise. The Ethics of Bankruptcy examines the morality of bankruptcy. The
author explores ethical concerns raised by duty-based principles,
utilitarianism, forgiveness and distributive justice as well as the moral
aspects of insolvents' contractual, fiduciary, tortious and criminal
liability. He also assesses recent bankruptcy law reforms.
Bankruptcies severely hurts creditors and society and for the insolvents and
their families and the experience is painful and stigmatising. Yet
philosophers have paid little attention to the moral aspects of this violent
social phenomenon. The book is the first comprehensive study that
employs the tools of ethics to examine the controversies surrounding
insolvency, which makes valuable and sometimes controversial reading in a
decade recovering from the recession.
About the author
Dr Jukka Kilpi has extensive experience in public
administration and banking and is an Associate of the Securities
Institute of Australia. He holds undergraduate and postgraduate
degrees in Philosophy from the University of Helsinki and a doctorate
from Monash University, Melbourne, Australia.
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