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Debt's Grip

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Debt’s Grip tells the story of financial struggle in the United States. Drawing on original data from the Consumer Bankruptcy Project, a landmark long-term study, the authors use the words of bank...
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  • 05 August 2025
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Debt’s Grip tells the story of financial struggle in the United States. Drawing on original data from the Consumer Bankruptcy Project, a landmark long-term study, the authors use the words of bankruptcy filers themselves to shed light on their battles to keep their homes and their cars, pay for healthcare and higher education, care for their children, find adequate employment, retire, negotiate with debt collectors, and confront discrimination in lending. Laying bare the consequences of risk privatization, this book makes a powerful case for why the United States must confront the structural inequities that cause so many—especially Black families, women, and the elderly—to struggle in today’s economy.
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Price: $29.95
Pages: 308
Publisher: University of California Press
Imprint: University of California Press
Publication Date: 05 August 2025
Trim Size: 9.00 X 6.00 in
ISBN: 9780520394155
Format: Paperback
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"Debt’s Grip is a triumph."

Pamela Foohey is the Allen Post Professor of Law at the University of Georgia. Robert M. Lawless is the Max L. Rowe Professor of Law at the University of Illinois. Deborah Thorne is Professor of Sociology at the University of Idaho.
Contents
 
List of Illustrations
Acknowledgments
 
Introduction: Living under the Threat
of Financial Collapse
1. Filing Bankruptcy and the Bankruptcy System
2. Struggling to Survive
3. Staying Home and Going Places
4. Staying Alive
5. Staying Out of the Red
6. Blackness of Bankruptcy
7. All the Single Ladies (with Children) in Bankruptcy
8. The Riskiest Years—Bankrupt Seniors
9. Lawsuits and Debt Collectors
10. “Resourced” Bankruptcy Filers
Conclusion: Reforming Bankruptcy’s Injustices
 
Methodological Appendix
Notes
Bibliography
Index