An Application of Automation to Bankruptcy Administration and Processes
Jan 1, 1973
|PDF file||3.2 MB||
Use Adobe Acrobat Reader version 10 or higher for the best experience.
|Add to Cart||Paperback94 pages||$25.00||$20.00 20% Web Discount|
An investigation and comparison of ways to improve the effectiveness and efficiency of the U.S. bankruptcy system, this study estimates costs of current bankruptcy functions, evaluates costs and benefits of proposed changes, and evaluates potential uses of automated data-processing equipment in administration of bankruptcy cases. Findings are based on a review of existing literature, observations and interviews in bankruptcy courts, and analysis of data compiled by the Administrative Office of the U.S. Courts. The study produced four different models to compare the costs of alternative approaches to the administration of straight-bankruptcy cases: a current model following existing procedures; a "new-rules" model reflecting the proposed new rules before the Supreme Court; a streamlined model resulting from the study; and a counseling model incorporating extensive financial counseling for individual debtors. Adoption of the streamlined over the current model would result in net annual savings of approximately $3 million in court costs and $7 million in trustee costs. Approximately $6 million of these savings would be achieved by adopting a policy of abandoning low-asset (under $1000) estates to the debtor.
This report is part of the RAND Corporation Report series. The report was a product of the RAND Corporation from 1948 to 1993 that represented the principal publication documenting and transmitting RAND's major research findings and final research.
This document and trademark(s) contained herein are protected by law. This representation of RAND intellectual property is provided for noncommercial use only. Unauthorized posting of this publication online is prohibited; linking directly to this product page is encouraged. Permission is required from RAND to reproduce, or reuse in another form, any of its research documents for commercial purposes. For information on reprint and reuse permissions, please visit www.rand.org/pubs/permissions.
The RAND Corporation is a nonprofit institution that helps improve policy and decisionmaking through research and analysis. RAND's publications do not necessarily reflect the opinions of its research clients and sponsors.