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Bankrupt in AmericaA History of Debtors, Their Creditors, and the Law in the Twentieth Century$
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Mary Eschelbach Hansen and Bradley A. Hansen

Print publication date: 2020

Print ISBN-13: 9780226679563

Published to Chicago Scholarship Online: September 2020

DOI: 10.7208/chicago/9780226679730.001.0001

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PRINTED FROM CHICAGO SCHOLARSHIP ONLINE (www.chicago.universitypressscholarship.com). (c) Copyright University of Chicago Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in CHSO for personal use.date: 27 September 2021

Personal Bankruptcy after World War II

Personal Bankruptcy after World War II

Chapter:
(p.81) Chapter Four Personal Bankruptcy after World War II
Source:
Bankrupt in America
Author(s):

Mary Eschelbach Hansen

Bradley A. Hansen

Publisher:
University of Chicago Press
DOI:10.7208/chicago/9780226679730.003.0004

The bankruptcy rate was very low during World War II, but it increased quickly after the war ended. As growth in consumer credit returned to its pre-Depression trend, so did growth in the personal bankruptcy rate. Bankruptcy grew everywhere, but it rocketed past its previous peak in states with pro-creditor garnishment. Although personal bankruptcy increased, few cases were filed under Chapter XIII. Demand by debtors for Chapter XIII probably was not as great as its Depression-era advocates imagined it to be. People rarely used the procedure for spreading payments over time except in places where bankruptcy referees pushed it.

Keywords:   consumer credit, garnishment, Chapter XIII, Bankruptcy referees, Stigma

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