Steve Parker & Nick Hood look again at the insolvency reform mania sweeping the world in Corporate Rescue & Insolvency magazine, this time analysing changes being made to personal and consumer insolvency regimes.

“In the run-up to the global financial crisis, the appetite for debt around the globe surged passed the obsessive, until wise pundits began to apply the term ‘addiction’ to the mania for taking on leverage to feed an insatiable desire for residential property and all things material….”