, especially, the financial cost of filing for bankruptcy. We study the effects of the reform on bankruptcy, insolvency, and …. We find that the decline in bankruptcy filings resulted in a rise in the rate and persistence of insolvency as well as an … that insolvency is associated with worse financial outcomes than bankruptcy, as insolvent individuals have less access to …

irrespective of the law. They favour soft laws that exclude poorer entrepreneurs from the market and thus reduce labour demand and … wages. This raises the pledgeable income of the entrepreneurs who still can raise funds, and thus lowers their liquidation …

procedures initiated after the law took effect. In particular, controlling for indicators of firms’ insolvency and the quality of …

An iconic model with high leverage and overvalued collateral assets is used to illustrate the amplification mechanism … driving asset prices to ‘overshoot’ equilibrium when an asset bubble bursts - threatening widespread insolvency and what …

credit-fie information on distressed lending relationships in Germany. In particular, it includes information on bank pools …

that contains detailed credit-file information on distressed lending relationships in Germany, including information on …