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Rating: 
Summary: Landmark Study of Consumer Bankruptcy in the U.S.
Review: As We Forgive Our Debtors is a result of a landmark study of bankrupt debtors in the 1980s. The authors, three of the leading experts on bankruptcy in the United States, focus on who files for bankruptcy. Contrary to widespread myth, most bankrupts are not irresponsible spendthrifts who could afford to pay their debts. Instead, they cross all income and occupational levels. What they do have in common is they have insurmountable financial problems resulting from crises in their lives, including divorce, job loss, and medical problems. What is perhaps most disturbing is that single women have been and are increasingly filing for bankruptcy, thanks to their much lower salaries to begin with. It is this group who would suffer most from any kind of so-called bankruptcy reform. This book, while it is geared for an academic market, is actually highly readable, with copious footnotes at the end of each chapter. The book, while originally published in 1989, is more timely than ever as Congress is considering a fatally flawed bankruptcy reform bill which would be devasting to the vast majority of people filing for bankruptcy but a boon to the credit card industry. I highly recommend this book and its sequel, The Fragile Middle Class.
Rating:
Summary: Landmark Study of Consumer Bankruptcy in the U.S.
Review: As We Forgive Our Debtors is a result of a landmark study of bankrupt debtors in the 1980s. The authors, three of the leading experts on bankruptcy in the United States, focus on who files for bankruptcy. Contrary to widespread myth, most bankrupts are not irresponsible spendthrifts who could afford to pay their debts. Instead, they cross all income and occupational levels. What they do have in common is they have insurmountable financial problems resulting from crises in their lives, including divorce, job loss, and medical problems. What is perhaps most disturbing is that single women have been and are increasingly filing for bankruptcy, thanks to their much lower salaries to begin with. It is this group who would suffer most from any kind of so-called bankruptcy reform. This book, while it is geared for an academic market, is actually highly readable, with copious footnotes at the end of each chapter. The book, while originally published in 1989, is more timely than ever as Congress is considering a fatally flawed bankruptcy reform bill which would be devasting to the vast majority of people filing for bankruptcy but a boon to the credit card industry. I highly recommend this book and its sequel, The Fragile Middle Class.
Rating: 
Summary: A Federally-Funded Tautology?
Review: The federal government funded this "empirical" study of the "choices" available to those who have filed for bankruptcy. The principal finding? People who file for bankruptcy are broke. A true revelation. So where is Senator Proxmire when you need him?
Rating:
Summary: A Federally-Funded Tautology?
Review: The federal government funded this "empirical" study of the "choices" available to those who have filed for bankruptcy. The principal finding? People who file for bankruptcy are broke. A true revelation. So where is Senator Proxmire when you need him?
Rating:
Summary: SELF-FULLFILLING PROPHECY OF DEBT
Review: This book does an outstanding job of delivering the message that Americans are tapped out of money. From record setting personal bankruptcies to U.S. government's pension for borrowing, it is very easy to see that we as a populis and as a nation are on the edge of a new financial depression. An Excellent Read for Anyone interested in the Truth. - Mason Johnson, President, www.tomorrowsgold.com
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