Author: Charles E. Grassley
Publisher:
ISBN: 9780788180644
Category :
Languages : en
Pages : 154
Book Description
Hearing on the explosive growth in personal bankruptcies & the crisis in consumer banking. Witnesses include: Michael E. Staten, Credit Research Center, Purdue Univ.; Ian Domowitz, Northwestern Univ.; Edward Bankole, Moody's Investors Service; Kim Kowalewski, Congressional Budget Office; Michael McEneney, for the National Consumer Bankruptcy Coalition; Donald B. Banks, dir. of legal services for Retailers National Bank, Dayton Hudson Corp.; Kenneth R. Crone, Visa USA, Inc.; Jean Ryan, attorney at law; & Gerald P. Wixted, Consumer Credit Counseling Services.
The Increase in Personal Bankruptcy and the Crisis in Consumer Credit
Author: Charles E. Grassley
Publisher:
ISBN: 9780788180644
Category :
Languages : en
Pages : 154
Book Description
Hearing on the explosive growth in personal bankruptcies & the crisis in consumer banking. Witnesses include: Michael E. Staten, Credit Research Center, Purdue Univ.; Ian Domowitz, Northwestern Univ.; Edward Bankole, Moody's Investors Service; Kim Kowalewski, Congressional Budget Office; Michael McEneney, for the National Consumer Bankruptcy Coalition; Donald B. Banks, dir. of legal services for Retailers National Bank, Dayton Hudson Corp.; Kenneth R. Crone, Visa USA, Inc.; Jean Ryan, attorney at law; & Gerald P. Wixted, Consumer Credit Counseling Services.
Publisher:
ISBN: 9780788180644
Category :
Languages : en
Pages : 154
Book Description
Hearing on the explosive growth in personal bankruptcies & the crisis in consumer banking. Witnesses include: Michael E. Staten, Credit Research Center, Purdue Univ.; Ian Domowitz, Northwestern Univ.; Edward Bankole, Moody's Investors Service; Kim Kowalewski, Congressional Budget Office; Michael McEneney, for the National Consumer Bankruptcy Coalition; Donald B. Banks, dir. of legal services for Retailers National Bank, Dayton Hudson Corp.; Kenneth R. Crone, Visa USA, Inc.; Jean Ryan, attorney at law; & Gerald P. Wixted, Consumer Credit Counseling Services.
The Increase in Personal Bankruptcy and the Crisis in Consumer Credit
Author: United States. Congress. Senate. Committee on the Judiciary. Subcommittee on Administrative Oversight and the Courts
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 302
Book Description
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 302
Book Description
The Increase in Personal Bankruptcy and the Crisis in Consumer Credit
Author: United States. Congress. Senate. Committee on the Judiciary. Subcommittee on Administrative Oversight and the Courts
Publisher:
ISBN:
Category : Bankruptcy
Languages : en
Pages : 154
Book Description
Publisher:
ISBN:
Category : Bankruptcy
Languages : en
Pages : 154
Book Description
105-1 Hearing: The Increase in Personal Bankruptcy and the Crisis in Consumer Credit, Serial No. J-105-7, April 11, 1997
The Increase in Personal Bankruptcy and the Crisis in Consumer Credit
Author: United States. Congress. Senate. Committee on the Judiciary. Subcommittee on Administrative Oversight and the Courts
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 160
Book Description
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 160
Book Description
An Analysis of Economic and Personal Factors Leading to Consumer Bankruptcy
Consumer Credit, Debt and Bankruptcy
Author: Johanna Niemi
Publisher: Bloomsbury Publishing
ISBN: 1847315224
Category : Law
Languages : en
Pages : 462
Book Description
After a long period of prosperity and steady economic growth, the world's leading economies are now in crisis, and although there will be debate about its origins, the scale and seriousness of the crisis is in no doubt. There is also no doubt that excessive amounts of consumer credit, allied to a weak understanding of how globalised credit markets might react to a crisis, have played a significant part. This book, which is primarily about credit, debt and the trouble they have led to, is written by authors who have specialised in researching into over-indebtedness, that is, situations in which an individual's debt burden has become overwhelming. For these authors the plight of individuals is a primary concern, but the wider issue is how credit is used and how it changes societies. The essays in this volume, addressing topics which are fundamental to our understanding of the current crisis, range widely across the whole sector of consumer finance, including mortgages, 'credit-binges', the regulation of consumer lending, insolvency, repayment plans, debt counselling and much more besides. The conclusions drawn from the book are equally wide-ranging, but above all the lesson learned from these essays is that the financialisation of contemporary life ensures that issues of the appropriate role of credit remain of critical importance in society.
Publisher: Bloomsbury Publishing
ISBN: 1847315224
Category : Law
Languages : en
Pages : 462
Book Description
After a long period of prosperity and steady economic growth, the world's leading economies are now in crisis, and although there will be debate about its origins, the scale and seriousness of the crisis is in no doubt. There is also no doubt that excessive amounts of consumer credit, allied to a weak understanding of how globalised credit markets might react to a crisis, have played a significant part. This book, which is primarily about credit, debt and the trouble they have led to, is written by authors who have specialised in researching into over-indebtedness, that is, situations in which an individual's debt burden has become overwhelming. For these authors the plight of individuals is a primary concern, but the wider issue is how credit is used and how it changes societies. The essays in this volume, addressing topics which are fundamental to our understanding of the current crisis, range widely across the whole sector of consumer finance, including mortgages, 'credit-binges', the regulation of consumer lending, insolvency, repayment plans, debt counselling and much more besides. The conclusions drawn from the book are equally wide-ranging, but above all the lesson learned from these essays is that the financialisation of contemporary life ensures that issues of the appropriate role of credit remain of critical importance in society.
As We Forgive Our Debtors
Author: Teresa A. Sullivan
Publisher: Beard Books
ISBN: 9781893122154
Category : Business & Economics
Languages : en
Pages : 392
Book Description
Bankruptcy in America is a booming business, with hundreds of thousands of ordinary Americans filing for bankruptcy each year. Is this dramatic growth a result of mushrooming debt or does it reflect a moral decline that permits the middle class to evade their debts? As We Forgive Our Debtors addresses these questions with hard empirical data drawn from bankruptcy court filings. The authors of this multidisciplinary study describe the law and the statistics in clear, nontechnical language, combining a thorough statistical description of the social and economic position of consumer bankrupts with human portraits of the debtors and creditors whose journeys have ended in bankruptcy court. Book jacket.
Publisher: Beard Books
ISBN: 9781893122154
Category : Business & Economics
Languages : en
Pages : 392
Book Description
Bankruptcy in America is a booming business, with hundreds of thousands of ordinary Americans filing for bankruptcy each year. Is this dramatic growth a result of mushrooming debt or does it reflect a moral decline that permits the middle class to evade their debts? As We Forgive Our Debtors addresses these questions with hard empirical data drawn from bankruptcy court filings. The authors of this multidisciplinary study describe the law and the statistics in clear, nontechnical language, combining a thorough statistical description of the social and economic position of consumer bankrupts with human portraits of the debtors and creditors whose journeys have ended in bankruptcy court. Book jacket.
Accounting for the Rise in Consumer Bankruptcies
Author: Igor Livshits
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 64
Book Description
Personal bankruptcies in the United States have increased dramatically, rising from 1.4 per thousand working age population in 1970 to 8.5 in 2002. We use a heterogeneous agent life-cycle model with competitive financial intermediaries who can observe households' earnings, age and current asset holdings to evaluate several commonly offered explanations. We find that increased uncertainty (income shocks, expense uncertainty) cannot quantitatively account for the rise in bankruptcies. Instead, the rise in filings appears to mainly reflect changes in the credit market environment. We find that credit market innovations which cause a decrease in the transactions cost of lending and a decline in the cost of bankruptcy can largely accounting for the rise in consumer bankruptcy. We also argue that the abolition of usury laws and other legal changes are unimportant.
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 64
Book Description
Personal bankruptcies in the United States have increased dramatically, rising from 1.4 per thousand working age population in 1970 to 8.5 in 2002. We use a heterogeneous agent life-cycle model with competitive financial intermediaries who can observe households' earnings, age and current asset holdings to evaluate several commonly offered explanations. We find that increased uncertainty (income shocks, expense uncertainty) cannot quantitatively account for the rise in bankruptcies. Instead, the rise in filings appears to mainly reflect changes in the credit market environment. We find that credit market innovations which cause a decrease in the transactions cost of lending and a decline in the cost of bankruptcy can largely accounting for the rise in consumer bankruptcy. We also argue that the abolition of usury laws and other legal changes are unimportant.