Many EU countries introduced debt adjustment systems as a response to the growth of over-indebtedness since the 1980s. These systems, originally introduced in many countries as crisis measures, have now become normalized, metamorphosing through a continuing learning process into a combination of...

The for-profit higher education sector, primarily funded by federal student aid dollars, produces both the highest debts and defaults and lowest completion rates for its students. In response, the U.S. Department of Education has promulgated the Gainful Employment Rule to require for-profit...

In the symposium “Bankruptcy and Race: Is There a Relation?,” participants responded to our earlier article on race and bankruptcy chapter choice that appeared in the Journal of Empirical Legal Studies. Our article found that African Americans were overrepresented in chapter 13 and found...

In “Race, Attorney Influence, and Bankruptcy Chapter Choice,” which appeared in the Journal of Empirical Legal Studies, we reported on two studies. The first study used real-world bankruptcy data and documented a large racial disparity in bankruptcy chapter choice. Even after controlling for...

The preface to this book reviews the remarkable career of Stewart Macaulay, who along with his good friend Ian Macneil founded the school of thought known as relational contract theory. The preface also describes the contents of the book and discusses Macaulay's contributions to teaching....

The Consumer Financial Protection Bureau (CFPB), created by the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, went live on July 21, 2011. Less than three months later, the CFPB published its Supervision and Examination Handbook, which outlines, among other topics, how the...

We report on racially disparate uses of chapter 13 bankruptcy. Currently, approximately 1,500,000 bankruptcy petitions are filed each year, with about 30% of those petitions being chapter 13 cases. Although chapter 13 can offer some legal advantages for persons seeking to protect valuable assets...