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

Author

Listed:
  • Régis Blazy
  • Bertrand Chopard

    () (EconomiX - UPN - Université Paris Nanterre - CNRS - Centre National de la Recherche Scientifique)

  • Eric Langlais

    () (EconomiX - UPN - Université Paris Nanterre - CNRS - Centre National de la Recherche Scientifique)

  • Ydriss Ziane

    ()

Abstract

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.
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Régis Blazy & Bertrand Chopard & Eric Langlais & Ydriss Ziane, 2013. "L'effacement des dettes des particuliers surendettés : une étude empirique des décisions judicaires," Post-Print hal-01385983, HAL.
  • Handle: RePEc:hal:journl:hal-01385983
    Note: View the original document on HAL open archive server: https://hal-univ-paris10.archives-ouvertes.fr/hal-01385983
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    References listed on IDEAS

    as
    1. 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.
    2. 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.
    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. 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.
    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. 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.
    7. 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.
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    Keywords

    [Pas de mot-clé];

    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

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