An Analysis on Reasons for Consumer Bankruptcy Legislation Viewing from Credit

In circumstance of modern market economy,consumer credit has continued to develop in terms of breadth and depth,consumer credit via banks as its media become more popular.Fluctuations in economic cycles,social force majeure,poor bank management,consumer financial mismanagement,and malicious fraud,and so on,are all implied major risks for consumer credit.Expansion of consumer credit economy has resulted in vulnerability to be increased in case of employment,medical care,marriage and other issues,resulting in rising consumer debt,therefore,consumer bankruptcy system no doubt is the most critical and final line of defense to be built.