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Debt, Financial Distress, And Bankruptcy Over The Life Course, Allison L. Mann, Ronald J. Mann
Debt, Financial Distress, And Bankruptcy Over The Life Course, Allison L. Mann, Ronald J. Mann
Ronald Mann
This paper examines how the risks of debt, financial distress, and bankruptcy shift over the life course. Comparing parallel data from the 2007 Survey of Consumer Finances and the 2007 Consumer Bankruptcy Project, we analyze use of the bankruptcy process as a product of the distribution of unplanned events, the ability of households to use credit markets to limit the adverse effects of such events, and barriers in access to the bankruptcy system. Our findings suggest two things. One, bankrupt households generally come from the bottom quartiles of the population in assets and income and the top quartile in debt, …
Making Sense Of Nation-Level Bankruptcy Filing Rates, Ronald J. Mann
Making Sense Of Nation-Level Bankruptcy Filing Rates, Ronald J. Mann
Ronald Mann
No abstract provided.
Patterns Of Credit Card Use Among Low And Moderate Income Households, Ronald J. Mann
Patterns Of Credit Card Use Among Low And Moderate Income Households, Ronald J. Mann
Ronald Mann
This chapter uses data from the Federal Reserve Board’s Survey of Consumer Finances for 2004 (the “SCF”) to examine the penetration of credit cards into LMI markets. The chapter has two purposes. First, I discuss the rise of the modern credit market, emphasizing the segmentation of product lines based on behavioral and financial characteristics of customer groups. Among other things, that trend involves the use of products aimed at LMI households that differ significantly from those aimed at middle-class households. Second, I describe the extent to which LMI households borrow on credit cards, the types of LMI households that borrow, …
The Supreme Court, The Solicitor General, And Bankruptcy: Bfp V. Resolution Trust Corporation, Ronald Mann
The Supreme Court, The Solicitor General, And Bankruptcy: Bfp V. Resolution Trust Corporation, Ronald Mann
Ronald Mann
Using information from Justice Blackmun's files and the case, and a dataset matching Supreme Court bankruptcy decisions with information about participation by the Solicitor General, the paper argues that the SG's participation in secured creditor disputes in the mid-1990's is a big part of the explanation of this counter-textual case. The paper introduces a broader theory of bankruptcy interpretation that I call "bankruptcy skepticism," rejecting claims that bankruptcy interpretation by the Supreme Court has been literalist.
Credit Cards, Consumer Credit & Bankruptcy, Ronald Mann
Credit Cards, Consumer Credit & Bankruptcy, Ronald Mann
Ronald Mann
Presents the empirical analysis from chapters four and five of Charging Ahead illustrating the relations among credit card use, consumer credit, and bankruptcy, using a data set of five countries (USA, UK, Canada, Australia, and Japan) that include about 3/4 of the world credit card market.
An Empirical Investigation Of Liquidation Choices Of Failed High-Tech Firms, Ronald Mann
An Empirical Investigation Of Liquidation Choices Of Failed High-Tech Firms, Ronald Mann
Ronald Mann
Examines a dataset of failed high-tech firms (software, telecom, and biotech) to investigate what determines which ones file for bankruptcy. The primary finding is that the easy procedures and wide acceptance of ABCs in California makes bankruptcy a less attractive alternative in California than it is elsewhere.
The Rise Of State Bankruptcy-Directed Legislation, Ronald Mann
The Rise Of State Bankruptcy-Directed Legislation, Ronald Mann
Ronald Mann
This is the first in a series of pieces on bankruptcy interpretation, this one arguing that the preemptive effect of bankruptcy law on state commercial law should focus on state legislation that is "directed" at bankruptcy proceedings.