Abstract
This chapter presents background information on consumer bankruptcy and a brief introduction to bankruptcy procedures. Differing perspectives on the reasons for the growth in filings are discussed. In addition, the new bankruptcy law is evaluated from the perspective of consumer interests.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
References
Administrative Office of the United States Courts. (2006, April). Bankruptcy basics (3rd ed.). Retrieved January 14, 2007, from http://www.uscourts.gov/bankruptcycourts/bankbasics04606.pdf.
Administrative Office of the United States Courts (n.d.). Bankruptcy statistics. Retrieved May 18, 2007, from http://www.uscourts.gov/bnkrpctystats/statistics.htm#calendar.
American Bankruptcy Institute. (2005). Bankruptcy Abuse Prevention and Consumer Protection Act of 2005: 25 Changes to Personal Bankruptcy Law. Retrieved January 17, 2007, from http://abiworld.net/bankbill/changes.html.
Athreya, K. (2004, Spring). Shame as it ever was: Stigma and personal bankruptcy. Federal Reserve Bank of Richmond Economic Quarterly, 90(2), 1–19.
Bermant, G., & Flynn, E. (1999, January). Incomes, debts, and repayment capacities of recently discharged chapter 7 debtors. ABI Journal. Retrieved January 15, 2007, from http://www.usdoj.gov/ust/eo/public_affairs/articles/docs/ch7trends-01.htm.
Bermant, G., & Flynn, E. (2000, July–August). Measuring performance in chapter 13: Comparisons across states. ABI Journal, 19(6). Retrieved January 15, 2007, from http://www.usdoj.gov/ust/eo/public_affairs/articles/docs/abi082000ch13.htm.
Bermant, G., & Flynn, E. (2001, September). Exploring the (complex) causes of bankruptcy. ABI Journal, 21(7). Retrieved January 15, 2007, from http://www.usdoj.gov/ust/eo/public_affairs/articles/docs/abi01sepnumbers.html.
Bernstein, J. 2006. All together now: Common sense for a fair economy. San Francisco: Berrett-Koehler.
Bird, E. J., Hagstrom, P. A., & Wild, R. (1999). Credit card debts of the poor: High and rising. Journal of Policy Analysis and Management, 18(1), 125–133.
Black, S. E., & Morgan, D. P. (1999, February). Meet the new borrowers. Current Issues in Economics and Finance, Federal Reserve Bank of New York.
Board of Governors of the Federal Reserve System. (2006, June). Report to the Congress on Practices of the Consumer Credit Industry in Soliciting and Extending Credit and their Effects on Consumer Debt and Insolvency. Washington, DC.
Braucher, J. (2006). Theories of overindebtedness: Interaction of structure and culture. Theoretical Inquiries in Law, 7(2), 321–346.
Demos & Center for Responsible Lending. (2005, October 12). The plastic safety net: The reality behind debt in America. New York: Author. Retrieved January 4, 2007, from http://www.demos.org/pubs/PSN_low.pdf.
Draut, T., & Silva, J. (2003, September). Borrowing to make ends meet: The growth of credit card debt in the ‘90s. New York: Demos. Retrieved January 4, 2007, from http://www.demos.org/pubs/borrowing_to_make_ends_meet.pdf.
Evans, D. A. (2004). Predictors of 1997 Chapter 13 bankruptcy completion and dismissal rates in Utah. Unpublished master’s thesis, Utah State University, Logan.
Flynn, E., & Bermant, G. (2001, December–January). How fresh is the fresh start? ABI Journal, 19(10). Retrieved January 4, 2007, from http://www.usdoj.gov/ust/eo/ public_affairs/articles/docs/abi00decnumbers.html.
Getter, D. E. (2003). Contributing to the delinquency of borrowers. Journal of Consumer Affairs, 37, 86–100.
Himmelstein, D. U., Warren, E., Thorne, D., & Woolhandler, S. (2005). Illness and injury as contributors to bankruptcy. Health Affairs, 24, 63–73.
Llewellyn, B. (2005). A profile and analysis of repeat bankruptcy petitioners in the district of Utah 1984–2004. Unpublished master’s thesis, Utah State University, Logan.
Lown, J. M. (2006). A question of abuse: Serial bankruptcy filers in Utah, 1984–2004. American Bankruptcy Institute Journal, 25(1), 24, 25, 68, 69.
Lown, J. M., & Rowe, B. R. (2003). A profile of Utah consumer bankruptcy petitioners. Journal of Law and Family Studies, 5, 113–130.
Mann, R. J. (2006). Optimizing consumer credit markets and bankruptcy policy. Theoretical Inquiries in Law, 7(2), 394–430.
National Association of Consumer Bankruptcy Attorneys. (2006). Bankruptcy Law Anniversary Survey. Retrieved January 15, 2007, from http://www.thehastingsgroup.com/ NACBASurvey/Summary.html#.
National Foundation for Credit Counseling. (2006, October 16). Consumer counseling and education under BAPCPA: Year One. Silver Spring, MD.
Norberg, S. F. (2007). Chapter 13 project: Little paid to unsecureds. American Bankruptcy Institute Journal, 22(2), 1, 54–56.
Porter, K., & Thorne, D. (2006). The failure of bankruptcy’s fresh start. Cornell Law Review, 92, 67–128.
Public Broadcasting System. (2004). Secret history of the credit card. Retrieved January 17, 2007, from http://www.pbs.org/wgbh/pages/frontline/shows/credit/.
Stavins, J. (2000, July/August). Credit card borrowing, delinquency, and personal bankruptcy. Federal Reserve Bank of Boston. New England Economic Review, 15–30. Retrieved December 28, 2006, from http://www.bos.frb.org/economic/neer/neer2000/neer400b.pdf.
Sullivan, T. A., Warren, E., & Westbrook, J. L. (1989). As we forgive our debtors: Bankruptcy and consumer credit in America. New York: Oxford University Press.
Sullivan, T. A., Warren, E., & Westbrook, J. L. (2000). The fragile middle class: Americans in debt. New Haven, CT: Yale University Press.
Tabb, C. J. (2006). Consumer filings: Trends and indicators, Part I. American Bankruptcy Institute Journal, 25(9), 1, 58–61.
Tabb, C. J. (2007). Consumer filings: Trends and indicators, Part II. American Bankruptcy Institute Journal, 25(10), 42, 43, 100–105.
Thurston, S. M. (2007). Behind the numbers: The new workload of the U.S. bankruptcy courts. American Bankruptcy Institute Journal, 26(4), 42–43.
Truitt, J. D. (2007). The state of bankruptcy 18 months after BAPCPA. American Bankruptcy Institute Journal, 25(10), 52–53.
United Way of Salt Lake. (2006). Living on the edge: Utahns’ perspectives on bankruptcy and financial stability. Retrieved January 17, 2007, from http://www.uw.org/ Images/PDFs/UWBKReport.pdf.
U.S. Trustee Program. (2005, October). Bankruptcy Information Sheet. Retrieved May 18, 2007, from http://www.usdoj.gov/ust/eo/ust_org/bky-info/index.htm.
Weller, C. E., & Gino, A. (2005, February 18). Rising personal bankruptcies: A sign of economic strains on American’s middle class. Washington, DC: Center for American Progress.
White, M. (1998). Why it pays to file for bankruptcy: A critical look at the incentives under U.S. personal bankruptcy law and a proposal for change. University of Chicago Law Review, 4, 685–732.
Zywicki, T. J. (2005). An economic analysis of the consumer bankruptcy crisis. Northwestern University Law Review, 99, 4. 1463–1542.
Author information
Authors and Affiliations
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 2008 Springer Science+Business Media, LLC
About this chapter
Cite this chapter
Lown, J.M. (2008). Consumer Bankruptcy. In: Xiao, J.J. (eds) Handbook of Consumer Finance Research. Springer, New York, NY. https://doi.org/10.1007/978-0-387-75734-6_22
Download citation
DOI: https://doi.org/10.1007/978-0-387-75734-6_22
Publisher Name: Springer, New York, NY
Print ISBN: 978-0-387-75733-9
Online ISBN: 978-0-387-75734-6
eBook Packages: Behavioral ScienceBehavioral Science and Psychology (R0)