Read "The Case for Walking Away"-Jan Bryant Quinn

 

1. What is Quinn's thesis? Can you state it in your own words?

2What are the benefits of declaring bankruptcy? How can it help people make a fresh start?

What are the differences between Chapter 7 and Chapter 13 forms of bankruptcy?

1. In what situations can people declare bankruptcy and still keep their homes?

1. Critical thinking: Do you think many consumers are ill informed about what bankruptcy means? Should bankruptcy be viewed as a failure or a strategy? Does declaring bankruptcy carry a stigma? Does this stigma lessen during a deep recession marked by high unemployment? Why or why not?