More to Lose: The Attributes of Involuntary Bankruptcy

Autor:	Paul Ali, Malcolm Anderson, Lucinda O'Brien, Ian Ramsay
Rok vydání:	2018
Předmět:	Family home 050208 finance Creditor Professional occupation 05 social sciences Business economics Bankruptcy 0502 economics and business Financial security Business 050207 economics General Economics Econometrics and Finance Legal action Law and economics
Zdroj:	Economic Papers: A journal of applied economics and policy. 38:15-26
ISSN:	1759-3441 0812-0439
DOI:	10.1111/1759-3441.12237
Popis:	While the majority of those who declare bankruptcy do so voluntarily, a significant proportion are forced into bankruptcy as a result of legal action. This paper interrogates data obtained from the Australian Financial Security Authority to explore the attributes of debtors who go bankrupt involuntarily. Based on this analysis, the authors hypothesise that people who go bankrupt involuntarily are those who have more to lose by going bankrupt – such as a family home, a business venture or a managerial or professional occupation – meaning that they are more likely to resist bankruptcy until they are forced into it by their creditors.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::040192aed22517843e091d0abd8afaa4 https://doi.org/10.1111/1759-3441.12237 Zobrazit plný text záznamu Plný text