Financial Differences between Chapter 13 and Non-Chapter 13 Debtors in the Middle District of North Carolina

Event Location / Date(s)

Little Rock, Arkansas, United States

Event Name / Location

Southwestern Finance Association

Presentation Date

2017

Document Type

Conference Proceeding

Presenter(s) / Author(s)

Scott E. Kehiaian, Nova Southeastern University
Albert A. Williams, Nova Southeastern UniversityFollow
Carolyn L. Bird, North Carolina State University

Description

The purpose of this study was to determine if there were significant financial differences between Chapter 13 debtors and non-Chapter 13 debtors living in the Middle District of North Carolina. Non-Chapter 13 debtors had higher values for financial literacy, financial actions, financial attitudes, planning actions, budgeting habits, goal planning, retirement planning, credit management, income planning, insurance planning, savings planning, investment planning, and financial self-control. Chapter 13 debtors had higher values for mortgage decisions and mortgage /debt ratios. Study results can inform public policy to improve financial literacy education efforts and programs designed to encourage personal wealth creation, primarily in the region studied.

First Page

1

Last Page

21

NSUWorks Citation

Kehiaian, Scott E.; Williams, Albert A.; and Bird, Carolyn L., "Financial Differences between Chapter 13 and Non-Chapter 13 Debtors in the Middle District of North Carolina" (2017). HCBE Faculty Presentations. 1011.
https://nsuworks.nova.edu/hcbe_facpres/1011