Differences in Financial Actions between Chapter 13 Bankruptcy Filers and Non-filers

Differences in Financial Actions between Chapter 13 Bankruptcy Filers and Non-filers

We determine that there are significant differences in 21 of 28 financial actions between Chapter 13 bankruptcy filers and non-filers living in the Middle District of North Carolina. The significant financial actions fall in the following areas: goal planning, income, budgeting, purchasing, insuranc...

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Veröffentlicht in:The journal of applied business and economics 2017-12, Vol.19 (10), p.136-155
Hauptverfasser: Williams, Albert A, Kehiaian, Scott E, Bird, Carolyn L
Format: Artikel
Sprache:eng
Schlagworte:
Attitudes
Bankruptcy
Credit management
Debt
Education
Families & family life
Financial counseling
Financial literacy
Financial management
Households
Mortgages
Personal bankruptcy
Questionnaires
Ratios
Retirement planning
Self control
Studies
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Zusammenfassung:We determine that there are significant differences in 21 of 28 financial actions between Chapter 13 bankruptcy filers and non-filers living in the Middle District of North Carolina. The significant financial actions fall in the following areas: goal planning, income, budgeting, purchasing, insurance, credit, savings, retirement, and mortgages. The results of this study can be used to get a deeper insight into bankruptcy characteristics. They can also be used to restructure financial literacy education efforts to reduce personal bankruptcy.
ISSN:1499-691X