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<classification authority="sudocs">GA 1.13:GGD-99-103</classification>
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 <subject>Comparative analysis</subject>
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 <subject>Bankruptcy</subject>
 <subject>Proposed legislation</subject>
 <subject>Income statistics</subject>
 <subject>Debt</subject>
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 <title>Personal Bankruptcy: Analysis of Four Reports on Chapter 7</title>
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<abstract>This report compares and evaluates the methodologies used by four
reports on bankruptcy debtors&apos; ability to repay their debts--two by
Ernst &amp; Young LLP under the sponsorship of VISA and Mastercard, one by
Creighton University under the sponsorship of the American Bankruptcy
Institute, and one by the Executive Office for U.S. Trustees. These
reports focus on a major public policy issue--the amount of income that
those who file for personal bankruptcy have available to pay their
debts. GAO discusses each report&apos;s research methodology for estimating
the number of bankruptcy debtors who would be able to pay a portion of
their debts and the amount of debt such debtors could repay.</abstract>
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 <topic>Proposed legislation</topic>
 <topic>Income statistics</topic>
 <topic>Debt</topic>
 <topic>Debt collection</topic>
 <topic>Personal liability (legal)</topic>
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