As We Forgive Our Debtors: Bankruptcy and Consumer Credit in America (Google eBook)

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Beard Books, Jan 1, 1999 - Business & Economics - 370 pages
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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.
  

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Contents

Introduction
3
The Basic InformationA Little Law and a Few Numbers
15
The People
49
A Financial Portrait of People in Bankruptcy
63
Debtors at Work Occupations and Industries
84
The Entrepreneurs
108
The Homeowners
128
Women and Bankruptcy
147
Can These Debtors Pay?
199
Laws Models and Real People
230
The Other Players
273
Commercial Lending
282
Reluctant Creditors
293
The Consumer Credit Industry
302
Conclusion Bankruptcy and the Consumer Credit System
328
Data and Methods
342

Medical Debt and Bankruptcy
166
Credit Card Junkies
178
The Repeaters
191
List of Tables and Figures
355
Index
359
Copyright

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About the author (1999)

Teresa A. Sullivan is Vice President and Graduate Dean and professor of sociology at the University of Texas at Austin.

Elizabeth Warren worked as an elementary school teacher, a lawyer, and a law professor at Harvard University. She is the senior senator from Massachusetts. In the aftermath of the 2008 financial crisis, she served as Chair of the Congressional Oversight Panel for the Troubled Asset Relief Program (TARP). Her efforts to protect taxpayers, to hold Wall Street accountable, and to ensure tough oversight of both the Bush and Obama Administrations won praise from both sides of the aisle. The Boston Globe named her Bostonian of the Year in 2009 for her oversight efforts. She helped created the Consumer Financial Protection Bureau. She is also the author of numerous books including All Your Worth: The Ultimate Lifetime Money Plan, The Two-Income Trap: Why Middle-Class Mothers and Fathers Are Going Broke, and A Fighting Chance.

Westbrook is Benno C. Schmidt Chair of Business Law, The University of Texas at Austin.

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