Household Insolvency

A Review of Household Debt Repayment, Delinquency, and Bankruptcy

Authors

  • Sharon A. DeVaney Consumer Sciences and Retailing Department, Purdue University, Room 216 Matthews Hall, West Lafayette, IN 47907.
  • Ruth H. Lytton Department of Housing, Interior Design and Resource Management, Virginia Polytechnic and State University, Blacksburg, VA 24061.

DOI:

https://doi.org/10.1016/1057-0810(95)90008-X

Abstract

This review paper explores the issues related to the meaning and measurement of insolvency within the domain of household finances. Conceptual and empirical evidence to explain the onset of insolvency is reviewed. Predictive models andfinancial ratios are presentedas techniquesfor identifying insolvent households. Implications for monitoring of solvency by households and responses to insolvency are presented,

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Published

1995-12-30

Issue

Vol. 4 No. 2 (1995): Financial Services Review

Section

New Original Submission

License

Copyright (c) 1995 JAI Press Inc.

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How to Cite

Household Insolvency: A Review of Household Debt Repayment, Delinquency, and Bankruptcy. (1995). Financial Services Review, 4(2), 137-156. https://doi.org/10.1016/1057-0810(95)90008-X