Re: Consider my post below as 'new' posts

Posted by Stopped Paying (68.106.16.82) on June 25, 2003 at 01:37:39:

In Reply to: Consider my post below as 'new' posts posted by Armadillo on June 24, 2003 at 21:25:47:

Here is a link to an excellent article by two economics professors regarding non-payment decisions you may make.

""In the economic literature on bankruptcy, the standard methodology is to model the individual’s bankruptcy decision as a binary choice between “bankruptcy” and “no bankruptcy.” We define an additional choice-non-repayment without seeking the formal protection of the bankruptcy system-as informal bankruptcy. ""

It is in .pdf format and is quite lengthy but worth the time if you are thinking of just not paying anymore.

An abstract may be found here
http://www.aals.org/profdev/bankruptcy/ausubel.html

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