IDEAS home Printed from
   My bibliography  Save this article

L'effacement des dettes des particuliers surendettés : une étude empirique des décisions judiciaires


  • Régis Blazy
  • Bertrand Chopard
  • Éric Langlais
  • Ydriss Ziane


This paper explores the mechanisms employed by French judges to discharge personal debts of over-indebted households in exchange for the liquidation of their assets. We use an original database consisting of judiciary decisions between 2003 and 2005. We highlight the determinants of selection between debtors whose debts are cancelled and those who are ordered to repay them. Debtors who are less able to repay have a greater chance of benefiting from a fresh start. If the repayment capacity increases by 1 %, the predicted probability of debt discharge decreases by a little more than 1 %. Overall, courts erase household debts in a rather restrictive way, applying criteria not limited to an assessment of debtors’ financial situation.

Suggested Citation

  • Régis Blazy & Bertrand Chopard & Éric Langlais & Ydriss Ziane, 2013. "L'effacement des dettes des particuliers surendettés : une étude empirique des décisions judiciaires," Economie & Prévision, La Documentation Française, vol. 0(1), pages 81-99.
  • Handle: RePEc:cai:ecoldc:ecop_202_0081

    Download full text from publisher

    File URL:
    Download Restriction: free

    File URL:
    Download Restriction: free

    Other versions of this item:

    References listed on IDEAS

    1. Filer, Larry & Fisher, Jonathan D., 2007. "Do liquidity constraints generate excess sensitivity in consumption? New evidence from a sample of post-bankruptcy households," Journal of Macroeconomics, Elsevier, vol. 29(4), pages 790-805, December.
    2. Astrid A. Dick & Andreas Lehnert, 2010. "Personal Bankruptcy and Credit Market Competition," Journal of Finance, American Finance Association, vol. 65(2), pages 655-686, April.
    3. Scott Fay & Erik Hurst & Michelle J. White, 2002. "The Household Bankruptcy Decision," American Economic Review, American Economic Association, vol. 92(3), pages 706-718, June.
    4. Régis Blazy & Bertrand Chopard & Eric Langlais & Ydriss Ziane, 2013. "Personal Bankruptcy Law, Fresh Starts, and Judicial Practice," Journal of Institutional and Theoretical Economics (JITE), Mohr Siebeck, Tübingen, vol. 169(4), pages 680-702, December.
    5. Cécile Bourreau-Dubois & Bertrand Chopard & Ydriss Ziane, 2010. "Analyse du traitement du surendettement des particuliers," Revue française d'économie, Presses de Sciences-Po, vol. 0(3), pages 3-37.
    6. Henri Fraisse & Anne Muller, 2011. "Les commissions de surendettement des ménages : de l’objectif de négociation à la prévention de la rechute," Économie et Statistique, Programme National Persée, vol. 443(1), pages 3-27.
    7. Judit Montoriol-Garriga & Ethan Cohen-Cole & Burcu Duygan-Bump, 2009. "Forgive and forget: who gets credit after bankruptcy and why?," Supervisory Research and Analysis Working Papers QAU09-2, Federal Reserve Bank of Boston, revised 2009.
    Full references (including those not matched with items on IDEAS)

    More about this item


    personal finance; overindebtedness; courts; debt restructurings; personal recovery proceedings; excessive-debt commission;

    JEL classification:

    • K35 - Law and Economics - - Other Substantive Areas of Law - - - Personal Bankruptcy Law
    • D14 - Microeconomics - - Household Behavior - - - Household Saving; Personal Finance
    • K40 - Law and Economics - - Legal Procedure, the Legal System, and Illegal Behavior - - - General


    Access and download statistics


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cai:ecoldc:ecop_202_0081. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Jean-Baptiste de Vathaire). General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.