Désastre is one of several insolvency (or bankruptcy)
procedures available under Jersey law. Of the Jersey procedures, it
bears the most resemblance to bankruptcy in common law
jurisdictions. In practice, the procedure only tends to be used in
individual rather than corporate insolvencies owing to the
emergence of creditors’ winding up (a simpler option for
corporate insolvencies).
What is Désastre?
The Bankruptcy (Désastre) Jersey Law 1990 (the
Désastre Law) was a transformative piece of
legislation when introduced. Before its introduction,
désastre in Jersey was a creature of the Island's
customary law.
Désastre is one of several insolvency (or bankruptcy)
procedures available under Jersey law. Of the Jersey procedures, it
bears the most resemblance to bankruptcy in common law
jurisdictions. In practice, the procedure only tends to be used in
inpidual rather than corporate insolvencies owing to the emergence
of creditors' winding up (a simpler option for
