A Hamiltonian treatment of the gravitational collapse of thin shells is presented. The direct integration of the canonical constraints reproduces the standard shell dynamics for a number of known cases. The formalism is applied in detail to three dimensional spacetime and the properties of the (2+1)-dimensional charged black hole collapse are further elucidated. The procedure is also extended to deal with rotating solutions in three dimensions. The general form of the equations providing the

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... ll dynamics implies the stability of black holes, as they cannot be converted into naked singularities by any shell collapse process.