Ignatius Ekanem
Influences on the behaviour of black and minority ethnic (BME) communities towards debt and bankruptcy
Middlesex University
abstract article sets examine attitudes towards debt bankruptcy bankruptcy process black minority ethnic bme entrepreneurs individuals experiencing bankruptcy assess extent attitudes towards debt bankruptcy influenced various external factors including cultural religious practices paper uses qualitative methodology involves indepth semistructured interviews direct observation possible findings suggest many ethnic minority communities strong cultural religious imperatives settle debts lead strong desire resist costs bankruptcy process main finding study high level ignorance lack understanding actions taken find financial difficulties main implication study education fosters financial literacy prebankruptcy counselling empower consumers enhance responsible financial decision making little research work area paper based qualitative research captures first time attitudes behaviour bme groups towards debt bankruptcy differ white population