We assess the credit market impact of allowing mortgage “strip-down” as a foreclosure-prevention measure, where strip … Chapter 13 bankruptcy. Our identification is provided by a series of U.S. court decisions that introduced strip-down in parts …-term reduction in mortgage interest rates and a small, short-term increase in mortgage approval rates, but no long-term effects, and …

individuals may file for bankruptcy or default on their mortgage. Uncertainty in the model is driven by house price shocks …, education specific productivity shocks, and catastrophic consumption events, while bankruptcy is governed by the basic … Bankruptcy policy. …

When a new act on bankruptcy law entered into force on 1 January 2016, it introduced changes in the scope of personal … bankruptcy. The article points to the economic aspects of legal solutions provided for in the new regulation for indebted natural … persons, significant on a micro and macro scale. At the same time, it points to the problems in the personal bankruptcy …

). The HDC can order an immediate repayment or grant a debt suspension. Exploiting the random assignment of bankruptcy … importance of regulation of credit distribution to avoid both entering into bankruptcy and re-filing for bankruptcy. …

Auto lenders were perhaps the biggest winners of the 2005 Bankruptcy Reform. Cars depreciate quickly, so borrowers … to the market value of the car through a "cramdown" in Chapter 13 bankruptcy. The Reform prohibited cramdowns during the … eliminating cramdowns affected only one of the two types of consumer bankruptcy: Chapter 13. They exploit persistent historical …

its passage. Before BAR, over-indebted mortgagors could free up income to pay the mortgage by filing bankruptcy and having …We argue that the 2005 bankruptcy abuse reform (BAR) contributed to the surge in subprime foreclosures that followed … effects of BAR using state home equity bankruptcy exemptions; filers in low-exemption states were not very protected before …

Many Anglo-American jurisdictions aim to provide debtors with a 'fresh start' after a personal bankruptcy. However, we …, with no restrictions on their use. To inform the legal policy question of whether bankruptcy records should be publicly … available, we study the effect of the availability of bankruptcy records, compared to their non-existence, in an economic …

declaring bankruptcy, in other words debt relief, for debtors who are unable to repay their debt has been in action since 2008 …