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Melissa B. Jacoby, "Unjust Debts: How Our Bankruptcy System Makes America More Unequal" (New Press, 2024)

New Books in Economics

CHAPTER

Bankruptcy and Racial Inequality

This chapter explores the complexities of the American bankruptcy system, emphasizing its preferential treatment for large corporations over individuals. It examines the racial disparities exacerbated by the system, specifically how Black Americans face unique challenges such as more costly repayment plans and additional burdens from non-dischargeable debts. Utilizing personal narratives, the discussion highlights the systemic issues within bankruptcy law and its impact on vulnerable populations.

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