Household Consumption and Personal Bankruptcy
This paper utilizes the population of personal bankruptcy filings in the state of Delaware during 2003 and finds that household expenditures on durable consumptions, such as houses and automobiles, contribute significantly to personal bankruptcy. Adverse medical conditions also lead to personal bankruptcy filings, but other adverse events [...]
Posted at 5:28 pm on June 24, 2009 | leave a comment | Filed Under: Credit, Financial, Resources | read on
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