AffiliationsDavid U. Himmelstein and Steffie Woolhandler are with Hunter College, City University of New York, NY, Harvard Medical School, Boston, MA. Robert M. Lawless is the Illinois College Law, Champaign. Deborah Thorne Department Sociology & Anthropology, Idaho, Moscow. Pamela Foohey Maurer School Indiana University, Bloomington.

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The social safety net for older Americans has been shrinking the past couple decades. risks associated with aging, reduced income, and increased healthcare costs, have off-loaded onto individuals. At same time, are increasingly likely to file consumer bankruptcy, their representation among those in bankruptcy never higher. Using data from Consumer Bankruptcy Project, we find more than a two-fold increase rate at which (age 65 over) an almost five-fold percentage of persons U.S. system....

As neoliberal ideology and policies gained a foothold in the early 1980s, social safety net for older Americans contracted. Responsibility risks associated with aging, namely retirement income healthcare costs, was increasingly transferred from state to individual. Using data Consumer Bankruptcy Project, we report that since 1991, there has been more than twofold increase rate at which (age 65 over) file consumer bankruptcy an almost fivefold percentage of persons U.S. system. This magnitude...

Despite exponential growth in the past decades, most aspects of assisted reproductive technology (ART) industry remain largely unregulated; recently, pressure has been mounting for coordinated study and regulation this developing industry. On March 28, 2008, lawyers, health care professionals, representatives from sperm banks, consumers ART services, other stakeholders gathered at DePaul University College Law its Health Institute’s symposium titled “Tracking Change: The Feasibility a...

Based on my original empirical research, in this Article, I expose a disparity between the demographics of roughly 650 religious congregations that have filed for chapter 11 bankruptcy during part last decade and nationwide. Churches with predominately black membership — Black appeared more than three times as often they appear among churches across country. A conservative estimate percentage congregation debtors is 60%. The likely upward 75%. account 21%

A rich literature uses law and social science methods to better understand household financial distress overindebtedness both inside outside of bankruptcy. This scholarship contributes several ongoing scholarly conversations, such as those on income wealth disparities across race class, how people live in circumstances precarity, why turn the legal system solve their problems, improve access justice so can get help they need. We first review current about who files bankruptcy, contributors...

As of May 2020, the United States' reaction to unique and alarming threat COVID-19 has partially succeeded in slowing virus’s spread. Saving people’s lives, however, came at a severe economic cost. Americans’ anxiety understandably spiked. In addition worrying about meeting basic expenses, anxieties money necessarily included what might happen if they could not cover already outstanding debts. The nearly 70 million Americans with debts collection faced heightened their inability pay.The...

This Article presents the results of a comprehensive empirical study religious organizations that filed bankruptcy under Chapter 11 from beginning 2006 to end 2011. It examines institutions’ characteristics, reasons for filing, and case outcomes investigate whether is an effective solution their financial problems. In investigating organizations’ cases, also assesses role courts in adjudicating cases places within theories about larger purposes 11.

Credit scoring is central to people’s financial growth and prosperity or decline stagnation. People with a good credit score accompanying report can buy opportunities advance economically. The benefits they reap from their attractiveness lenders employers helps feed future success. In contrast, people fair poor become stuck in cycle of high interest rates costly loan terms, large required down payments, denied applications for rentals, cell phone plans, employment. Employers, service...

Before the COVID-19 pandemic, auto loans outstanding in United States had soared to record highs. The boom lending spanned new and used cars traditional subprime loans. With loan delinquencies also hitting highs almost every quarter, predictions that market could burst soon abounded. When economy came a grinding halt unemployment skyrocketed wake of lenders knew they were facing crisis. Throughout 2020, granted more payment forbearances consumers, while slashing interest rates on Auto...

What does a church do when it is about to go bust? Religious organizations, like any business, can experience financial distress. Leaders could try solve their churches’ problems on own. Perhaps leaders not view the as addressable with law. Or perhaps they think, moral or spiritual matter, that should resort legal system, such bankruptcy, deal inability pay its debts. Yet ninety religious organizations seek reorganize under Bankruptcy Code every year. This Article relies interviews...