JOURNAL OF APPLIED BUSINESS AND ECONOMICS
Differences in Financial Actions between Chapter 13 Bankruptcy Filers and Non-filers
Author(s): Albert A. Williams, Scott E. Kehiaian, Carolyn L. Bird
Citation: Albert A. Williams, Scott E. Kehiaian, Carolyn L. Bird, (2017) "Differences in Financial Actions between Chapter 13 Bankruptcy Filers and Non-filers ," Journal of Applied Business and Economics, Vol. 19, Iss.10, pp. 136-155
Article Type: Research paper
Publisher: North American Business Press
Abstract:
We determine that there are significant differences in 21 of 28 financial actions between Chapter 13
bankruptcy filers and non-filers living in the Middle District of North Carolina. The significant financial
actions fall in the following areas: goal planning, income, budgeting, purchasing, insurance, credit,
savings, retirement, and mortgages. The results of this study can be used to get a deeper insight into
bankruptcy characteristics. They can also be used to restructure financial literacy education efforts to
reduce personal bankruptcy.