Consumer Over-Indebtedness: A U.S. Perspective

Abstract:     
This article discusses overall consumer over-indebtedness, with a focus on credit card and mortgage debt, in the United States and contrasts the US approach to over-indebtedness to the approaches used in other countries. The article suggests that other countries consider the failures and successes of the U.S. Bankruptcy Code’s approach to consumer over-indebtedness when those countries ponder how (or whether) to adopt a comprehensive consumer insolvency regime.

Accepted Paper Series