Inability to Pay: Court Debt Circa 2020

Out-of-Court Debt Restructuring

I. BACKGROUND TO OUT-OF-COURT DEBT RESTRUCTURING ................................................... 2

Default Costs, Willingness to Pay and Sovereign Debt Buybacks

The arguments put forward by Bulow and Rogoff (1988, 1991) against sovereign debt buybacks are re-examined in a willingness-to-pay framework. This paper argues that the Bulow-Rogoff framework treats default by a debtor as an event with no dead-weight loss, and, as such, underestimates the potential gains from a buyback. The willingness-to-pay framework allows dead-weight costs of default to be ...

The inability to pay for health services in Central and Eastern Europe: evidence from six countries

BACKGROUND Out-of-pocket payments for health services constitute a major financial burden for patients in Central and Eastern European (CEE) countries. Individuals who are unable to pay use different coping strategies (e.g. borrowing money or foregoing service utilization), which can have negative consequences on their health and social welfare. This article explores patients' inability to pay ...

Distortion of Justice: How the Inability to Pay Bail Affects Case Outcomes

One in five incarcerated people in the United States are in jail awaiting trial, and many are detained due to an inability to pay relatively small amounts of money. This paper uses a natural experiment to analyze whether incarceration during the pretrial period affects case outcomes. In Philadelphia, defendants randomly receive bail magistrates who differ widely in their propensity to set bail ...

A Debt We Never Can Pay, A Debt We Refuse to Repay: Civil War Veterans in American Memory