Abstract: The bankruptcy process for individuals in Latvia is considered as one of the most liberal in the European Union. However, less than ten thousand individuals have applied for debt-relief since the introduction of Insolvency law ten years ago. Who are those individuals who look at the formal insolvency process as a way to re-establish their economic well-being? Who succeed and who, on the contrary, do not make it for the debt-relief? More generally, how legal and economic barriers, as well as different social mechanisms influence the decision to overcome overindebtedness rather than to give-up? The study is based on data gathered from the Latvian Insolvency Register, as well as from the field experiments with a debt-collector enterprise in Latvia to deliver insights on defaulted individuals in Latvia.
Baltic Studies Lecture with Andris Saulītis
Thursday, December 7, 2017 - 4:00pm to 5:30pm
Henry R. Luce Hall (LUCE ), 203
34 Hillhouse AvenueNew Haven, CT 06511
Andris Saulītis is the Fall 2017 Juris Padegs Visiting Assistant in Research of Baltic Studies at Yale; and a Ph.D. candidate in Social and Political Sciences, European University Institute in Florence