Financial survival analysis of defaulted debtors

This research centres on the financial survival experience of participants in a New Zealand court-administered debt repayment plan. Using Kaplan-Meier estimators of survival and hazard functions, we summarize and plot survival data. Group experience is compared by means of log-rank tests. The proportional hazard models, fitted over a partitioned time axis, demonstrate that a number of factors including the number of dependents and the fact of previous bankruptcy are predictive of defaulted debtors' financial survival.