TITLE

Personal Bankruptcy: Analysis of Four Reports on Chapter 7 Debtors' Ability to Pay: GGD-99-103

PUB. DATE
June 1999
SOURCE
GAO Reports;6/21/1999, p1
SOURCE TYPE
Government Document
DOC. TYPE
Article
ABSTRACT
This report compares and evaluates the methodologies used by four reports on bankruptcy debtors' ability to repay their debts--two by Ernst & Young LLP under the sponsorship of VISA and Mastercard, one by Creighton University under the sponsorship of the American Bankruptcy Institute, and one by the Executive Office for U.S. Trustees. These reports focus on a major public policy issue--the amount of income that those who file for personal bankruptcy have available to pay their debts. GAO discusses each report's research methodology for estimating the number of bankruptcy debtors who would be able to pay a portion of their debts and the amount of debt such debtors could repay.
ACCESSION #
18227505

 

Related Articles

  • Changing the Bankruptcy Rules. Rick, Steve // Credit Union Executive Newsletter;5/9/2005, Vol. 31 Issue 8, p5 

    Provides information about the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 in the U.S. Requirements for debtors prior to discharging debts; Prevalence recourse received by creditors; Schedule for the enactment of the law.

  • DRAFTING BANKRUPTCY LAWS IN SOCIALIST MARKET ECONOMIES: RECENT DEVELOPMENTS IN CHINA AND VIETNAM. Booth, Charles // Columbia Journal of Asian Law;Fall2004, Vol. 18 Issue 1, p93 

    Provides an update on the insolvency reform processes in China and Vietnam from mid-2002 through September 2004. Overall insolvency framework; Scope of the bankruptcy laws; Administration of bankruptcy cases.

  • Parent of Extra files for bankruptcy.  // Crain's Chicago Business;4/18/94, Vol. 17 Issue 16, p42 

    Reports on the Chapter 7 bankruptcy filed by Hispani/Media L.P. in a Florida court.

  • Understand Provisions Of the New Bankruptcy Law. MCLAIN, MICHAEL // Credit Union Magazine;Sep2005, Vol. 71 Issue 9, p62 

    Focuses on the provisions of the 2005 Bankruptcy Abuse Prevention and Consumer Protection Act in the U.S. Changes in the bankruptcy process; Bankruptcy Code provisions. INSET: REAFFIRMATION FORMS.

  • GOING WEST. Morris, Howard // Accountancy;Jan1999, Vol. 123 Issue 1265, p78 

    This article compares the insolvency law and practice in the U.S. and Great Britain. The bankruptcy laws in the U.S. are not so pro-debtor as popularly thought. And Great Britain's insolvency laws are not so anti-debtor as they were before their great reform in 1986. But Great Britain differs in...

  • Bankruptcies.  // Wenatchee Business Journal;Mar2006, Vol. 20 Issue 3, pC16 

    The article reports that no bankruptcies have been processed for the period from December 2005 to January 2006 in courts in Chelan County, Washington.

  • LEGAL.  // Inside Tucson Business;6/12/2006, Vol. 16 Issue 1, p17 

    The article reports on the decline in the number of bankruptcy cases in Tucson, Arizona. According to the Tucson Divisional Office of the U.S. Bankruptcy Court, new cases are down substantially in year-to-year comparisons. For the first five months of 2006, 601 cases were filed in Tucson. During...

  • Island bankruptcies surge 31 % in November. Carmona, José L. // Caribbean Business;12/24/2009, Vol. 37 Issue 51, p9 

    The article reports on the increasing bankruptcy rate in Puerto Rico in November 2009. It indicates that the island's bankruptcy rate has reached to 31% which is equivalent to 934 bankruptcy filings registered in November. Moreover, the cities that experienced most bankruptcy filings include Toa...

  • BANKRUPTCY FILINGS ROSE 66% IN FIRST QUARTER.  // CardLine;6/29/2007, Vol. 7 Issue 26, p33 

    The article reports that bankruptcy filings for the three months ended March 31, 2007 totaled 193,641, a 66% increase from 116,771 filings during the same period in 2006, according to statistics released by the Administrative Office of the U.S. Courts. In the 12 months ended March 31, 2007,...

Share

Read the Article

Other Topics