Why Don't More Households File for Bankruptcy?

M.J. White

Working Papers from Michigan - Center for Research on Economic & Social Theory

Abstract: Although U.S. bankruptcy ling rates are at an all-time high, I argue in this paper that many more households would benet nancially from ling for bankruptcy than actually le. While the current bankruptcy ling rate is slightly above one percent of households each year, I calculate that at least 15% of households would benet nancially from ling and the actual gure could be several times higher if households tend to behave strategically in planning for bankruptcy.

Keywords: BANKRUPTCY; DECISION MAKING (search for similar items in EconPapers)
JEL-codes: G30 G33 (search for similar items in EconPapers)
Pages: 43 pages
Date: 1998
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Citations: View citations in EconPapers (49)

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Persistent link: https://EconPapers.repec.org/RePEc:fth:michet:98-03

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