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The Impact of State Exemptions on Personal Bankruptcy Filings

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dc.contributor.authorMulligan, John Vincenten
dc.contributor.committeechairWaud, Roger N.en
dc.contributor.committeememberWentzler, Nancy A.en
dc.contributor.committeememberLutton, Thomas J.en
dc.contributor.departmentEconomicsen
dc.date.accessioned2014-03-14T20:46:18Zen
dc.date.adate2000-10-10en
dc.date.available2014-03-14T20:46:18Zen
dc.date.issued2000-05-08en
dc.date.rdate2001-10-10en
dc.date.sdate2000-10-03en
dc.description.abstractAlthough the Federal Government is granted authority over bankruptcy law through the U.S. Constitution (Article 1, section 8), the Federal Government has historically left bankruptcy law for state governments to enact. In 1978, the U.S Congress tried to create a national bankruptcy law, but a last minute compromise allowed states to override federal law in key areas such as Chapter 7 exemption types and amounts. Since the 1978 law was enacted, all states have overridden the law to some extent. Although the original 1978 law has undergone several revisions, the basic structure of the law with state control over certain provisions remains the same. Because the Chapter 7 exemptions affect the cost of bankruptcy for the debtor, this paper develops a state level probability model to determine whether the different state exemption amounts affect the probability of filing for bankruptcy. The paper shows that states with more lenient exemption laws will incur a higher bankruptcy rate after controlling for socioeconomic and economic conditions that may create higher bankruptcy frequencies.en
dc.description.degreeMaster of Artsen
dc.identifier.otheretd-10032000-00360023en
dc.identifier.sourceurlhttp://scholar.lib.vt.edu/theses/available/etd-10032000-00360023/en
dc.identifier.urihttp://hdl.handle.net/10919/35275en
dc.publisherVirginia Techen
dc.relation.haspartjvm.PDFen
dc.rightsIn Copyrighten
dc.rights.urihttp://rightsstatements.org/vocab/InC/1.0/en
dc.subjectBankruptcyen
dc.subjectEconomicsen
dc.titleThe Impact of State Exemptions on Personal Bankruptcy Filingsen
dc.typeThesisen
thesis.degree.disciplineEconomicsen
thesis.degree.grantorVirginia Polytechnic Institute and State Universityen
thesis.degree.levelmastersen
thesis.degree.nameMaster of Artsen

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