L'effacement des dettes des particuliers surendettés : une étude empirique des décisions judiciaires
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.
Volume (Year): n° 202-203 (2013)
Issue (Month): 1 ()
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- 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.
- Régis Blazy & Bertrand Chopard & Eric Langlais & Ydriss Ziane, 2011. "Personal Bankruptcy Law, Fresh Starts, and Judicial Practice," EconomiX Working Papers 2011-15, University of Paris West - Nanterre la Défense, EconomiX.
- Régis Blazy & Bertrand Chopard & Eric Langlais & Ydriss Ziane, 2013. "Personal bankruptcy law, fresh starts and judicial practice," Post-Print hal-01385890, HAL.
- Ethan Cohen-Cole & Burcu Duygan-Bump & Judit Montoriol-Garriga, 2009. "Forgive and forget: who gets credit after bankruptcy and why?," Risk and Policy Analysis Unit Working Paper QAU09-2, Federal Reserve Bank of Boston.
- 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.
- Astrid A. Dick & Andreas Lehnert, 2010. "Personal Bankruptcy and Credit Market Competition," Journal of Finance, American Finance Association, vol. 65(2), pages 655-686, 04.
- Astrid A. Dick & Andreas Lehnert, 2007. "Personal bankruptcy and credit market competition," Staff Reports 272, Federal Reserve Bank of New York.
- 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.
- 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.
- 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. Full references (including those not matched with items on IDEAS)
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