Study: Racial Disparities in Bankruptcy Filings
Racial disparities in bankruptcy filings last year show African-Americans are more likely to file for Chapter 13 bankruptcy than people from other races, says a new study.
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#1 Jan 21, 2012
Is this suppose to be a surprise?
#2 Jan 21, 2012
Yup, a no brainer
Gee could it be because of this
Look at the Minorities history in unemployment since 1975
The jobless rates for Blacks (16.0 percent), Hispanics (12.5 percent), Whites (8.7 percent), and Asians (7.5 percent) were much higher than their prerecession levels.
Unemployment rates continued to be higher for Blacks and Hispanics for both men and women. In 2010, the rates for Black men and women were 18.4 and 13.8 percent, respectively. The jobless rate for Hispanic men was 12.7 percent, and the rate for Hispanic women was 12.3 percent. In comparison, the unemployment rate for White men was 9.6 percent, and the rate for White women was 7.7 percent. The unemployment rates for Asian men and women were 7.8 and 7.1 percent, respectively.
#3 Jan 22, 2012
The article seemed to suggest that Blacks were steered toward Chapter 13, which requires debt repayment over a 3-5 year period vs Chapter 7 bankruptcy. It would be interesting to determine why this was done.
“I'm out hunting”
Since: Jan 10
For your mind and soul
#4 Jan 22, 2012
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