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  • Paper: ‘No money down’ bankruptcies prevalent among the poor, minorities

    Photo of Robert M. Lawless, the Max L. Rowe Professor of Law at Illinois and a leading consumer credit and bankruptcy expert.

    Bankruptcy attorneys are increasingly encouraging clients to file for the more expensive “no money down” option of Chapter 13 bankruptcy – a tactic that’s used more often with blacks than with whites, according to research co-written by Robert M. Lawless, the Max L. Rowe Professor of Law at Illinois and a leading consumer credit and bankruptcy expert.

    Photo by L. Brian Stauffer

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  • Editor’s notes: To contact Robert M. Lawless, call 217-244-6714; email rlawless@illinois.edu

    The paper “‘No money down’ bankruptcy” is available online.