Professor Bob Lawless spoke to ABF Journal about how his research findings on racial disparities in the consumer bankruptcy sector might inform the commercial sector, especially when it comes to minority-owned businesses.

According to the research of Lawless and other colleagues, Black households are more likely to file bankruptcy, and more likely to file for Chapter 13, which has a higher rate of failure.

“I think some of it is structural racism in the country, the legacy of racism in the country,” Lawless says, further citing concerns about access to quality legal services and implicit bias as other factors to consider. “There’s a lot of different factors here. It’s not just one thing. There’s not just one easy solution.”

Read the full article at abfjournal.com.