that receives relatively little media attention is household bankruptcy. While bankruptcy, particularly Chapter 7 … bankruptcy, offers a fresh financial start to the petitioner, certain types of obligations, such as child support, tax liens, and … security interests in automobiles and homes, remain the responsibility of the petitioner (i.e., the person seeking bankruptcy …

On October 17, 2005, a major U.S. federal bankruptcy reform law took effect. This change (the Bankruptcy Abuse … Prevention and Consumer Protection Act of 2005, a.k.a. the Bankruptcy Reform Act of 2005) had been over 10 years in the making … regulators and others. This act amended the 1978 bankruptcy code, and was the most significant and sweeping change since that …

bankruptcy filers. In particular, our data allow us to distinguish between Chapter 7 and Chapter 13 bankruptcy filings, to … after bankruptcy filing, most filers have much reduced access to credit in terms of credit limits, and the impact seems to …). Our results, in contrast to prior studies, thus suggest that the current bankruptcy system does not appear to provide much …

mortgages to the current market value of the property for homeowners in Chapter 7 or Chapter 13 bankruptcy. Strip-down of … mortgages in bankruptcy was proposed as a means of reducing foreclosures during the recent mortgage crisis but was blocked by … lenders. Our goal is to determine whether allowing bankruptcy judges to modify mortgages would have a large adverse impact on …

We build a structural model of Chapter 13 bankruptcy that captures salient features of personal bankruptcy under … Chapter 13. We estimate our model using a novel data set we construct from bankruptcy court dockets recorded in Delaware … 13 outcomes under the restrictions imposed by the bankruptcy law. We use the estimated model to conduct policy …

New provisions under bankruptcy law became effective on October 17, 2005. The Bankruptcy Abuse Prevention and Consumer …, 2005. ; The new legislation made sweeping changes to existing bankruptcy law, and the main result appears to be that it …

consumer bankruptcy filers. In particular, the authors’ data allow them to distinguish between Chapter 7 and Chapter 13 … bankruptcy filings, to observe changes in credit demand and credit supply explicitly, and to differentiate existing and new … credit accounts. The paper has four main findings. First, despite speedy recovery in their risk scores after bankruptcy …