Abstract
The second half of the 1990s witnessed a steep climb in the number of personal bankruptcies (Figure 1), a climb that has abated somewhat only recently. For the full year 1998 bankruptcy filings totaled nearly 1.4 million, approximately double the number of cases registered four years earlier. Along the way, this surge in bankruptcy has raised concerns in many quarters about the financial condition of households and its implications for the profitability of lenders, the functioning of credit markets, and the outlook for consumer spending.
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Luckett, C.A. (2002). Personal Bankruptcies. In: Durkin, T.A., Staten, M.E. (eds) The Impact of Public Policy on Consumer Credit. Springer, Boston, MA. https://doi.org/10.1007/978-1-4615-1415-2_4
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DOI: https://doi.org/10.1007/978-1-4615-1415-2_4
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