Personal Bankruptcy and its Social Implications

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F70883521%3A28120%2F13%3A43869880" target="_blank" >RIV/70883521:28120/13:43869880 - isvavai.cz</a>
Result on the web
<a href="http://dx.doi.org/10.1007/s11294-013-9410-7" target="_blank" >http://dx.doi.org/10.1007/s11294-013-9410-7</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1007/s11294-013-9410-7" target="_blank" >10.1007/s11294-013-9410-7</a>

Result language
angličtina
Original language name
Personal Bankruptcy and its Social Implications
Original language description
The paper discusses the insolvency of households and the methods of solving it through debt relief. Personal bankruptcy in the Czech population increases by 30 % annually, and personal bankruptcy is a new approach to debt relief. The greatest risk of indebtedness occurs in low-income groups that use systems of loans to improve their financial situation. Within this debtor group, some kind of overestimation of their own income potential often occurs, which causes a situation where permanent insolvency issolved through other loans. Research studying a sample of persons in bankruptcy was conducted in the Czech Republic. A total of 109 persons in personal bankruptcy were observed. Information about debtors (age, sex, social standing measured by income, average amount of income, entire amount owed) was obtained from the Insolvency Register. The survey showed that the magnitude of total debt in the hundreds of thousands (CZK). The largest share of borrowers was represented by those whose de
Czech name
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Czech description
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Type
J<sub>x</sub> - Unclassified - Peer-reviewed scientific article (Jimp, Jsc and Jost)
CEP classification
AE - Management, administration and clerical work
OECD FORD branch
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Publication year
2013
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

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