This review paper explores the issues related to the meaning and measurement of insolvency within the domain of household finances. Conceptual and empirical evidence to explain the onset of insolvency is reviewed. Predictive models andfinancial ratios are presentedas techniquesfor identifying insolvent households. Implications for monitoring of solvency by households and responses to insolvency are presented,
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DeVaney et al. (1995) studied this question.
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