News
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New:Less Stigma or More Financial Distress:An Empirical Analysis of the Extraordinary Increase in Bankruptcy Filings
A central concern in domestic economic policy has been the great increase in consumer bankruptcy filings since 1980.That concern was a major cause of the adoption of the 2005 amendments to the Bankruptcy Code.We analyze the data from three studies of consumer bankruptcy over twenty years to learn more about the causes of that increase.One consistent claim has been that a decline in reputational loss(stigma)has made filing for bankruptcy easier,thus explaining the rise in filings.The principal competing claim has been that increased filings arise from increased financial distress.We find that the declining-stigma hypothesis is implausible because the data show that consumer bankrupts are even more indebted now than their counterparts were in 1981 and 1991 and that there is no identifiable group of less-indebted bankrupts that were tempted into bankruptcy by reduced reputational costs.Those data and other factors support an inference that the stigma of bankruptcy may have....
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Junta-te ao Coral de Engenharia na conquista de mais um prémio!
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Interior emulsion paint
Apply the scope:Housing, hotel, groggery, villa, large building, school's inner wall ceiling decorate and more
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Assistant Mortgage Manager/Mortgage Advisor, Golders Green
Assistant Mortgage Manager / Mortgage Advisor (London) Basic Salary£22,000 -£27,000 (negotiable based on experience)A vacancy has arisen with one of the UK's largest high street banks. Our client has been established for over 300 years and ha....
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General Manager
CA-Marin County/North Bay, General Manager (San Rafael or Santa Rosa) Aaronbrothers, Art and Framing, is an artistic, inter-active shopping destination featuring customs framing, art work and brand name art supplies. We current ...........more