Consumer bankruptcies: causes and implications for the credit industry
Article
Article Title | Consumer bankruptcies: causes and implications for the credit industry |
---|---|
ERA Journal ID | 18207 |
Article Category | Article |
Authors | Kumar, Jaynendra (Author), Mason, Rosalind (Author) and Ralston, Deborah (Author) |
Journal Title | Economic Papers: a journal of applied economics and policy |
Journal Citation | 17 (3), pp. 18-27 |
Number of Pages | 10 |
Year | 1998 |
Publisher | John Wiley & Sons |
Place of Publication | Melbourne, Australia |
ISSN | 0812-0439 |
1759-3441 | |
Web Address (URL) | http://search.informit.com.au/fullText;dn=990403425;res=APAFT |
Abstract | Personal bankruptcies in Australia have hit an all-time high. In the fiscal year 1996/97, 21,830 persons filed for bankruptcy, an increase of 26% over the previous year. The vast majority of bankruptcies arose from debtors' as opposed to creditors' petitions, exhibiting an increase from 81% in 1986 to 91% in 1997 (ITSA 1998). Of the total bankruptcy figure, 5191 or 24% were business' related while the rest were non-business or consumer bankruptcies. |
Keywords | insolvency; Australia; consumers; business debt |
ANZSRC Field of Research 2020 | 440603. Economic geography |
380304. Microeconomic theory | |
480699. Private law and civil obligations not elsewhere classified | |
Public Notes | Files associated with this item cannot be displayed due to copyright restrictions. |
Byline Affiliations | Centre for Australian Financial Institutions |
School of Law | |
Institution of Origin | University of Southern Queensland |
https://research.usq.edu.au/item/q05y2/consumer-bankruptcies-causes-and-implications-for-the-credit-industry
1792
total views5
total downloads0
views this month0
downloads this month