Study: Bankruptcy rates reflect policy, not people

What do high bankruptcy rates in states like Tennessee and Utah tell us about the people that live in those places? Not much, according to a new 50-state bankruptcy study published in the latest issue of the Journal of Law and Economics.

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<p><a href="http://www.physorg.com/news164914482.html">Study: Bankruptcy rates reflect policy, not people</a></p> <p>What do high bankruptcy rates in states like Tennessee and Utah tell us about the people that live in those places? Not much, according to a new 50-state bankruptcy study published in the latest issue of the <i>Journal of Law and Economics</i>.</p>