Abstract
Concern over recent increases in the number of bankruptcies filed by individual consumers has resulted in a small group of studies of consumer bankrupis and their financial problems. Four studies, dealing with consumer bankruptcies in Sacramento, California; Flint, Michigan; Seattle, and the state of Maryland are examined and their results compared. These studies provide detailed information on the bankrupts' personal characteristics, the nature of their debts, and the reasons for their financial difficulties. The studies, however, provide relatively less information about the reasons for the choice of bankruptcy over other alternatives or about the effectiveness of bankruptcy as a long-run solution for family financial problems.
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