Master of Agribusiness / Department of Agricultural Economics / Allen M. Featherstone / This thesis examines the effect of off-farm income on a farming operation’s ability to repay their debt. The thesis develops a regression model that includes net farm income, debt repayment capacity with carryover working capital, off-farm income sources and a number of other independent variables that help define each individual borrower. The model provides an evaluation of the current farming environment and examines various income opportunities available to borrowers affects repayment capacity. This study found that the presence of off-farm income can increase the probability that the operation will be able to repay their debts. The model indicates that if off-farm income is present, the borrower’s debt repayment capacity ratio increases. This thesis further explores the model and the results produced from not only off-farm income but several different variables within the borrower’s scope of business. Results suggest that many other factors that are not available in the sample also play a large role in predicting an operation’s ability to repay debt. The study determined that the presence of one source of off-farm income was positive and statistically significant in explaining repayment capacity. An operation with a strong outside income source and one spouse working full time on the farm is more financially stable and will likely be more successful at repaying their debts.

Swedish households are borrowing like never before: the debt to income ratio, consumption loans and the amount of debt registered with the Swedish Enforcement Authority have been steadily increasing over the last decade. Meanwhile, life-changing events such as unemployment, divorce and sickness have been identified as drivers of over-indebtedness. The objective of this thesis is to establish whether there is a link between life-changing events and the level of debt with the SEA on the aggregate level. The data comes from various Swedish government agencies between 2010 – 2019. The method applied is a population weighted Ordinary Least Square model with time and municipality fixed effects. The results indicate that an increase in unemployment and divorce rates correlate with an average increase in the share of the population indebted to the Swedish Enforcement Authority. This applies to both men and women, but the association is stronger for men.

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Fiziniams asmenims pradedant skolintis daugiau nei jie sugeba grąžinti kyla visai visuomenei itin aktualios ir jautrios problemos, t.y. fizinio asmens nemokumo problemos. Lietuvoje fizinio asmens nemokumo problemos pradėtos spręsti 2012 metais priėmus Fizinių asmenų bankroto įstatymą, kuris įtvirtino tik vieną fizinio asmens mokumo atkūrimo būdą – bankrotą. Šiame magistro baigiamajame darbe yra analizuojamas ir lyginamas fizinio asmens nemokumo institutas Lietuvoje, Didžiojoje Britanijoje, Vokietijoje ir Latvijoje. Kiekviena valstybė šį institutą reglamentuoja skirtingai, todėl darbe yra siekiama išanalizuoti šios reglamentacijos skirtumus ir taip nustatyti Lietuvos Respublikos fizinių asmenų bankroto įstatymo galimas pataisas. Tyrime yra remiamasi visų keturių minėtų valstybių fizinio asmens nemokumą reglamentuojančiais teisės aktais, specialiąja literatūra bei įvairių valstybinių institucijų statistiniais duomenimis. Darbe taip pat yra nagrinėjamos fizinio asmens nemokumo ir bankroto sąvokos, nustatomi fizinio asmens nemokumo instituto modeliai ir reglamentavimo kryptys, taip pat fizinio asmens nemokumo problemos ir jų sprendimo būdai. Didžiausias dėmesys yra skiriamas konkrečių fizinio asmens mokumo atkūrimo procedūrų palyginimui Lietuvoje, Didžiojoje Britanijoje, Vokietijoje ir Latvijoje. Detaliai išanalizuojamas kiekvienas konkretus nemokumo procedūrų aspektas, nustatomi skirtumai ir panašumai šių valstybių teisiniame instituto reglamentavime. Atlikus tyrimą gauti... [toliau žr. visą tekstą] / If natural persons begin borrowing more than they afford to repay, this causes sensitive problems particularly relevant to the entire society, i.e. problems of insolvency of a natural person. In Lithuania, solutions of insolvency problems of a natural person began after adopting the Law on Bankruptcy of Natural Persons in 2012 which established only one solvency restoration method of natural persons – the bankruptcy. This Master's thesis analyses and compares the insolvency institute of a natural person in Lithuania, Great Britain, Germany and Latvia. Every state has different regulation of this institute, therefore the aim of work is to analyse the differences of this regulation and determine potential amendments of the Law on Bankruptcy of Natural Persons of the Republic of Lithuania. The research is based on the legislation governing the insolvency of natural persons in all four of the aforementioned countries, specialist literature and statistics of various state institutions. The paper also analyses the concepts of natural person’s insolvency and bankruptcy, identifies the models of natural person’s insolvency institute and regulatory areas, as well as insolvency problems of natural persons and ways of addressing them. The main focus is placed on the comparison of specific procedures for restoration of solvency of natural persons in Lithuania, Great Britain, Germany and Latvia. The paper contains a detailed analysis of each specific aspect of insolvency proceedings... [to full text]