The Faculty Diversity Committee presents The American Pluralism Series

 Bankruptcy and Race: Is There a Relation?

Professor Jean Braucher, worked with two colleagues to study race and personal bankruptcy.  The study breaks new ground.  The study found that blacks are about twice as likely as whites to file for Chapter 13 rather than Chapter 7 bankruptcy. Chapter 13 costs more, takes longer, and requires more of debtors-a multi-year repayment plan.

In addition, a survey used as part of the study showed that bankruptcy lawyers were more likely to suggest to clients who were black that they file for Chapter 13 even when they had identical financial situations as white clients.

Wednesday November 7 at 12:15 in Room 164