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| rdf:type
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| Description
| - The paper discusses the insolvency of households and the methods of solving it through debt relief. Personal bankruptcy in the Czech population increases by 30 % annually, and personal bankruptcy is a new approach to debt relief. The greatest risk of indebtedness occurs in low-income groups that use systems of loans to improve their financial situation. Within this debtor group, some kind of overestimation of their own income potential often occurs, which causes a situation where permanent insolvency is solved through other loans. Research studying a sample of persons in bankruptcy was conducted in the Czech Republic. A total of 109 persons in personal bankruptcy were observed. Information about debtors (age, sex, social standing measured by income, average amount of income, entire amount owed) was obtained from the Insolvency Register. The survey showed that the magnitude of total debt in the hundreds of thousands (CZK). The largest share of borrowers was represented by those whose debt ranges from CZK 300,000 to 599,000. The largest group of debtors were married and aged 30–39 years. Efforts to maintain the family and settle housing issues are assumed as possible reasons for their bankruptcy. Furthermore, their lack of experience in family cash flow management is acknowledged. None of these debtors had their own housing, and instead lived in rented accommodations. The persons observed had predominantly primary education or training. The major source of income for debtors was their salary (CZK 16,500, or EUR 650 on average). The average fulfilment of debts was 66.48 %, but only around 30–49 % of total debt was fulfilled.
- The paper discusses the insolvency of households and the methods of solving it through debt relief. Personal bankruptcy in the Czech population increases by 30 % annually, and personal bankruptcy is a new approach to debt relief. The greatest risk of indebtedness occurs in low-income groups that use systems of loans to improve their financial situation. Within this debtor group, some kind of overestimation of their own income potential often occurs, which causes a situation where permanent insolvency is solved through other loans. Research studying a sample of persons in bankruptcy was conducted in the Czech Republic. A total of 109 persons in personal bankruptcy were observed. Information about debtors (age, sex, social standing measured by income, average amount of income, entire amount owed) was obtained from the Insolvency Register. The survey showed that the magnitude of total debt in the hundreds of thousands (CZK). The largest share of borrowers was represented by those whose debt ranges from CZK 300,000 to 599,000. The largest group of debtors were married and aged 30–39 years. Efforts to maintain the family and settle housing issues are assumed as possible reasons for their bankruptcy. Furthermore, their lack of experience in family cash flow management is acknowledged. None of these debtors had their own housing, and instead lived in rented accommodations. The persons observed had predominantly primary education or training. The major source of income for debtors was their salary (CZK 16,500, or EUR 650 on average). The average fulfilment of debts was 66.48 %, but only around 30–49 % of total debt was fulfilled. (en)
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| Title
| - Personal Bankruptcy and its Social Implications
- Personal Bankruptcy and its Social Implications (en)
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| skos:prefLabel
| - Personal Bankruptcy and its Social Implications
- Personal Bankruptcy and its Social Implications (en)
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| skos:notation
| - RIV/70883521:28120/13:43869880!RIV14-MSM-28120___
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| http://linked.open...avai/riv/aktivita
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| http://linked.open...avai/riv/aktivity
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| http://linked.open...iv/cisloPeriodika
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| http://linked.open...vai/riv/dodaniDat
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| http://linked.open...aciTvurceVysledku
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| http://linked.open.../riv/druhVysledku
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| http://linked.open...iv/duvernostUdaju
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| http://linked.open...titaPredkladatele
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| http://linked.open...dnocenehoVysledku
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| http://linked.open...ai/riv/idVysledku
| - RIV/70883521:28120/13:43869880
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| http://linked.open...riv/jazykVysledku
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| http://linked.open.../riv/klicovaSlova
| - Personal Bankruptcy, Czech Republic, households, debt relief, social implications (en)
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| http://linked.open.../riv/klicoveSlovo
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| http://linked.open...odStatuVydavatele
| - US - Spojené státy americké
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| http://linked.open...ontrolniKodProRIV
| |
| http://linked.open...i/riv/nazevZdroje
| - International Advances in Economic Research
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| http://linked.open...in/vavai/riv/obor
| |
| http://linked.open...ichTvurcuVysledku
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| http://linked.open...cetTvurcuVysledku
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| http://linked.open...UplatneniVysledku
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| http://linked.open...v/svazekPeriodika
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| http://linked.open...iv/tvurceVysledku
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| issn
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| number of pages
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| http://bibframe.org/vocab/doi
| - 10.1007/s11294-013-9410-7
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| http://localhost/t...ganizacniJednotka
| |
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