whether delinquency has any predictive power of the future performance of a mortgage. Using a sample of subprime mortgages …

literature recognizes the substantial lag between the time that a borrower stops making payments on a mortgage and the …

In 2005, bankruptcy laws were reformed significantly, making personal bankruptcy substantially more costly to file than … before. Shortly after, the US began to experience its most severe recession in seventy years. While personal bankruptcy rates … decades. In this paper, we aim to measure the role jointly played by recent bankruptcy reforms and labor market risks during …

the Federal Home Ownership and Equity Protection Act (HOEPA) by including home purchase and open-end mortgage credit, by …

entrepreneurship. Specifically, we investigate whether marginal income tax rates and bankruptcy exemptions influence rates of …-shaped relationship between bankruptcy exemptions and entrepreneurship. …

This paper estimates the dynamics of the personal-bankruptcy rate over the business cycle by exploiting large cross …-state variation in recessions and bankruptcies. We find that bankruptcy rates are significantly higher than normal during a recession … and rise as a recession persists. After a recession ends, there is a hangover whereby bankruptcy rates begin to fall but …

This paper measures the extent to which destination resort casinos export bankruptcy back to visitors' home states … local bankruptcy. Using various survey data, we calculate the number of visits from each state to casino resort destinations …-of-state casino resorts have higher bankruptcy filings. This effect is dominant in the south, suggesting that casinos located in …

We analyze an exchange economy of unsecured credit where borrowers have the option to declare bankruptcy in which case …