摘要：A new procedure for insolvent individuals, known as the No Asset Procedure (‘NAP’), was introduced into New Zealand law in 2007. This article outlines that the government’s intention was to provide an alternative to bankruptcy for individuals whose circumstances were identified as not being adequately dealt under existing law. However, a 2011 Evaluation indicated many creditors and budget advisers were critical of NAP as failing to facilitate changes in spending and budgeting habits. Introducing mandatory financial literacy or budgeting courses would reinforce that NAP is an earned fresh start for debtors and may also increase the legitimacy of NAP in the eyes of society.
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