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The Choice-Necessity Paradigm: Rethinking Debtor-Creditor Relationships In The Consumer Context, David Fuller

David Fuller

The choice-necessity paradigm is a new approach to understanding the problem of rising rates of consumer bankruptcy. The choice-necessity paradigm uses an analytical structure that is based on a combination of the two dominant analytical models for explaining the increased rate of consumer bankruptcy filings: the structural model and the cultural model. The structural model emphasizes social and economic factors that cause debtors to rely on consumer credit, and increase the risk of bankruptcy filing. Although the structural model defines the problem and identifies the risk to consumers, it does not solve the problem, because it does not adequately balance …