{"id":"https://openalex.org/W154488955","doi":null,"title":"The Failure of Bankruptcy's Fresh Start","display_name":"The Failure of Bankruptcy's Fresh Start","publication_year":2006,"publication_date":"2006-01-01","ids":{"openalex":"https://openalex.org/W154488955","mag":"154488955"},"language":"en","primary_location":{"id":"pmh:oai:scholarship.law.cornell.edu:clr-3044","doi":null,"is_oa":false,"landing_page_url":"https://scholarship.law.cornell.edu/clr/vol92/iss1/2","pdf_url":null,"source":{"id":"https://openalex.org/S4306402381","display_name":"Scholarship @ Cornell Law (Cornell University)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I205783295","host_organization_name":"Cornell University","host_organization_lineage":["https://openalex.org/I205783295"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"Cornell Law Review","raw_type":"text"},"volume":null,"type":"article","indexed_in":[],"open_access":{"is_oa":true,"oa_status":"green","oa_url":"https://papers.ssrn.com/sol3/Delivery.cfm/SSRN_ID957854_code650352.pdf?abstractid=894453&mirid=1","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5108288164","display_name":"Katherine M. Porter","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I204250578","display_name":"University of California, Irvine","ror":"https://ror.org/04gyf1771","country_code":"US","type":"education","lineage":["https://openalex.org/I204250578"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Katherine M. Porter","raw_affiliation_strings":["University of California, Irvine School of Law"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"University of California, Irvine School of Law","institution_ids":["https://openalex.org/I204250578"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5040979223","display_name":"Deborah Thorne","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I155093810","display_name":"University of Idaho","ror":"https://ror.org/03hbp5t65","country_code":"US","type":"education","lineage":["https://openalex.org/I155093810"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Deborah Thorne","raw_affiliation_strings":["University of Idaho"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"University of Idaho","institution_ids":["https://openalex.org/I155093810"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":2,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":7.6409,"has_fulltext":false,"cited_by_count":41,"citation_normalized_percentile":{"value":0.96830688,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":89,"max":99},"biblio":{"volume":"92","issue":"1","first_page":"67","last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T12509","display_name":"Corporate Insolvency and Governance","score":0.9984999895095825,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T12509","display_name":"Corporate Insolvency and Governance","score":0.9984999895095825,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11653","display_name":"Financial Distress and Bankruptcy Prediction","score":0.0005000000237487257,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10517","display_name":"Financial Literacy, Pension, Retirement Analysis","score":0.00039999998989515007,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/chapter-7-bankruptcy","display_name":"Chapter 7 bankruptcy","score":0.9039999842643738},{"id":"https://openalex.org/keywords/personal-bankruptcy","display_name":"personal bankruptcy","score":0.7670000195503235},{"id":"https://openalex.org/keywords/fresh-start","display_name":"fresh start","score":0.7329999804496765},{"id":"https://openalex.org/keywords/household-income","display_name":"household income","score":0.9330000281333923},{"id":"https://openalex.org/keywords/financial-distress","display_name":"financial distress","score":0.7229999899864197},{"id":"https://openalex.org/keywords/unemployment","display_name":"unemployment","score":0.6060000061988831},{"id":"https://openalex.org/keywords/underemployment","display_name":"underemployment","score":0.9229999780654907},{"id":"https://openalex.org/keywords/illness-and-injury","display_name":"illness and injury","score":0.8029999732971191},{"id":"https://openalex.org/keywords/old-age","display_name":"old age","score":0.6209999918937683},{"id":"https://openalex.org/keywords/social-safety-nets","display_name":"social safety nets","score":0.9490000009536743},{"id":"https://openalex.org/keywords/insolvency-reform","display_name":"insolvency law reform","score":0.8299999833106995},{"id":"https://openalex.org/keywords/consumer-credit","display_name":"consumer credit","score":0.3089999854564667}],"concepts":[{"id":"https://openalex.org/C504631918","wikidata":"https://www.wikidata.org/wiki/Q152074","display_name":"Bankruptcy","level":2,"score":0.9537891149520874},{"id":"https://openalex.org/C2776815722","wikidata":"https://www.wikidata.org/wiki/Q30501979","display_name":"Fresh Start","level":2,"score":0.7510186433792114},{"id":"https://openalex.org/C2778126366","wikidata":"https://www.wikidata.org/wiki/Q41171","display_name":"Unemployment","level":2,"score":0.6469576358795166},{"id":"https://openalex.org/C4163816","wikidata":"https://www.wikidata.org/wiki/Q757382","display_name":"Insolvency","level":2,"score":0.5679469108581543},{"id":"https://openalex.org/C2778216598","wikidata":"https://www.wikidata.org/wiki/Q1131802","display_name":"Safety net","level":2,"score":0.5236170887947083},{"id":"https://openalex.org/C2984760201","wikidata":"https://www.wikidata.org/wiki/Q1785212","display_name":"Financial distress","level":2,"score":0.49808573722839355},{"id":"https://openalex.org/C2776698172","wikidata":"https://www.wikidata.org/wiki/Q1931244","display_name":"Underemployment","level":3,"score":0.4666343331336975},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.4647943377494812},{"id":"https://openalex.org/C162118730","wikidata":"https://www.wikidata.org/wiki/Q1128453","display_name":"Actuarial science","level":1,"score":0.46467357873916626},{"id":"https://openalex.org/C139265228","wikidata":"https://www.wikidata.org/wiki/Q5283089","display_name":"Distress","level":2,"score":0.45118269324302673},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.4265429377555847},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.3694126009941101},{"id":"https://openalex.org/C73283319","wikidata":"https://www.wikidata.org/wiki/Q1416617","display_name":"Financial system","level":1,"score":0.16127264499664307},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.14946675300598145},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.14580798149108887},{"id":"https://openalex.org/C50522688","wikidata":"https://www.wikidata.org/wiki/Q189833","display_name":"Economic growth","level":1,"score":0.14468997716903687},{"id":"https://openalex.org/C15744967","wikidata":"https://www.wikidata.org/wiki/Q9418","display_name":"Psychology","level":0,"score":0.09423011541366577},{"id":"https://openalex.org/C542102704","wikidata":"https://www.wikidata.org/wiki/Q183257","display_name":"Psychotherapist","level":1,"score":0.0},{"id":"https://openalex.org/C165556158","wikidata":"https://www.wikidata.org/wiki/Q83937","display_name":"Keynesian economics","level":1,"score":0.0}],"mesh":[],"locations_count":3,"locations":[{"id":"pmh:oai:scholarship.law.cornell.edu:clr-3044","doi":null,"is_oa":false,"landing_page_url":"https://scholarship.law.cornell.edu/clr/vol92/iss1/2","pdf_url":null,"source":{"id":"https://openalex.org/S4306402381","display_name":"Scholarship @ Cornell Law (Cornell University)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I205783295","host_organization_name":"Cornell University","host_organization_lineage":["https://openalex.org/I205783295"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"Cornell Law Review","raw_type":"text"},{"id":"mag:154488955","doi":null,"is_oa":true,"landing_page_url":"https://papers.ssrn.com/sol3/Delivery.cfm/SSRN_ID957854_code650352.pdf?abstractid=894453&mirid=1","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"SSRN Electronic Journal","raw_type":null},{"id":"mag:3125007837","doi":null,"is_oa":false,"landing_page_url":"http://cornelllawreview.org/files/2013/02/porterthorne_92-1.pdf","pdf_url":null,"source":{"id":"https://openalex.org/S194663980","display_name":"Cornell law review/The Cornell law quarterly","issn_l":"0010-8847","issn":["0010-8847"],"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":["abdc-a-star","jufo-2","norway-1","poland-140","russia-white-list-1"],"host_organization":"https://openalex.org/P4310315954","host_organization_name":"Cornell University","host_organization_lineage":["https://openalex.org/P4310315954"],"host_organization_lineage_names":["Cornell University"],"type":"journal"},"license":null,"license_id":null,"version":null,"is_accepted":false,"is_published":false,"raw_source_name":"Cornell law review/\u0098The \u009cCornell law quarterly","raw_type":null}],"best_oa_location":{"id":"mag:154488955","doi":null,"is_oa":true,"landing_page_url":"https://papers.ssrn.com/sol3/Delivery.cfm/SSRN_ID957854_code650352.pdf?abstractid=894453&mirid=1","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"SSRN Electronic Journal","raw_type":null},"sustainable_development_goals":[{"score":0.8928999900817871,"id":"https://metadata.un.org/sdg/1","display_name":"No poverty"}],"sustainable_development_goals_aurora":[{"score":0.46000000834465027,"id":"https://metadata.un.org/sdg/1","display_name":"No poverty"}],"study_designs":[{"id":"https://openalex.org/study-designs/observational-study","display_name":"Observational Study"}],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":0,"referenced_works":[],"related_works":["https://openalex.org/W2214567184","https://openalex.org/W2525360300","https://openalex.org/W333104587","https://openalex.org/W1496611710","https://openalex.org/W2619630445","https://openalex.org/W1774904171","https://openalex.org/W6332894","https://openalex.org/W4367298405","https://openalex.org/W2596619504","https://openalex.org/W2216787847"],"abstract_inverted_index":{"An":[0],"untested":[1],"assumption":[2,26],"of":[3,30,87,125,133,146,178],"Chapter":[4],"7":[5],"bankruptcy":[6,46,134,152,168],"is":[7,96,153],"that":[8,50,91,105,151,173],"it":[9],"rehabilitates":[10],"debtors":[11,59,70],"for":[12,44],"a":[13,136,182],"fresh":[14,38,183],"start":[15,39,184],"in":[16,57,68,160],"the":[17,28,37,41,97,123,131,142,176],"economy.":[18],"Using":[19],"original,":[20],"longitudinal":[21],"data,":[22],"we":[23,164],"examine":[24],"this":[25],"against":[27],"realities":[29],"life":[31],"after":[32,54,185],"bankruptcy.":[33,84],"Our":[34,85],"findings":[35],"challenge":[36],"as":[40,112,135],"theoretical":[42],"underpinning":[43],"consumer":[45],"relief.":[47],"We":[48,149],"found":[49],"just":[51],"one":[52,56,67],"year":[53],"bankruptcy,":[55],"four":[58],"was":[60],"struggling":[61],"to":[62,99,109,157,167,180],"pay":[63],"routine":[64],"bills,":[65],"and":[66,93,114,119,140,163,170],"three":[69],"reported":[71],"an":[72,154],"overall":[73],"financial":[74,102,126,161,186],"situation":[75],"similar":[76],"to,":[77],"or":[78,117],"worse":[79],"than,":[80],"when":[81],"they":[82],"filed":[83],"analysis":[86],"these":[88],"data":[89,129],"demonstrates":[90],"steady":[92],"sufficient":[94],"income":[95,108],"key":[98],"improved":[100],"post-bankruptcy":[101],"health.":[103],"Factors":[104],"cause":[106],"household":[107],"decline,":[110],"such":[111],"unemployment":[113],"underemployment,":[115],"illness":[116],"injury,":[118],"old":[120],"age,":[121],"undermine":[122],"chances":[124],"recovery.":[127],"These":[128],"reveal":[130],"limitations":[132],"social":[137,171],"safety":[138],"net":[139],"highlight":[141],"fragile":[143],"economic":[144],"situations":[145],"American":[147],"families.":[148],"conclude":[150],"incomplete":[155],"tool":[156],"rehabilitate":[158],"those":[159],"distress,":[162],"suggest":[165],"adjustments":[166],"law":[169],"programs":[172],"will":[174],"improve":[175],"ability":[177],"consumers":[179],"achieve":[181],"failure.":[187]},"counts_by_year":[{"year":2025,"cited_by_count":2},{"year":2024,"cited_by_count":4},{"year":2022,"cited_by_count":3},{"year":2021,"cited_by_count":2},{"year":2019,"cited_by_count":3},{"year":2018,"cited_by_count":7},{"year":2017,"cited_by_count":1},{"year":2016,"cited_by_count":1},{"year":2015,"cited_by_count":6},{"year":2014,"cited_by_count":1},{"year":2013,"cited_by_count":1},{"year":2012,"cited_by_count":2}],"updated_date":"2026-10-28T10:33:24.094632","created_date":"2016-06-24T00:00:00"}
