Debt, Poverty, and Personal 'Financial Distress'

89 American Bankruptcy Law Journal 493 (2015)

18 Pages Posted: 4 Oct 2015

See all articles by Stephen J. Ware

Stephen J. Ware

University of Kansas - School of Law

Date Written: October 2, 2015

Abstract

The phrase “financial distress” pervades scholarship in bankruptcy, consumer law, and related fields. This Article questions the definitions scholars now often affix to this phrase and argues that it should be understood differently. I argue that “financial distress” should be defined and understood more broadly because the now-prevailing narrow definition tends to overstate the importance of distress caused by unmanageable debt and understate the importance of distress caused by poverty.

Keywords: bankruptcy, consumer, financial, distress, debtor, creditor

Suggested Citation

Ware, Stephen J., Debt, Poverty, and Personal 'Financial Distress' (October 2, 2015). 89 American Bankruptcy Law Journal 493 (2015), Available at SSRN: https://ssrn.com/abstract=2668858

Stephen J. Ware (Contact Author)

University of Kansas - School of Law ( email )

Green Hall
1535 W. 15th Street
Lawrence, KS 66045-7577
United States
785-864-9209 (Phone)

HOME PAGE: http://www.law.ku.edu/ware

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