bidding and guarantees shifted risk to them and increased the likelihood of bankruptcy, since they were required to bid for … find that the laws were not only ineffective in keeping theater owners at risk of bankruptcy from exiting the market; they …

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 …

representative sample of start-ups. An increase in the amount of borrower’s personal wealth protected in bankruptcy reduces the …

We are the first to show that the cost of personal bankruptcy filers traveling to their bankruptcy trustees affects … bankruptcy choices. We use detailed balance sheet, income statement, and location data from 400,000 Canadian bankruptcies. To … bankruptcy trustees (while filers interact with trustees, and trustees interact with local government, filers do not interact …

We analyze the effect of a bankruptcy law according to which some of the borrower’s assets are exempt from liquidation … – according to personal bankruptcy US State laws prior to 2005 federal reform – in order to identify the signaling role played by …

In this paper we uncover a relationship between regional economic fluctuations and bankruptcy resolution capacity and … predict that its direction depends on the cyclicality of bankruptcy. If bankruptcy is countercyclical (procyclical), we …) effect on bankruptcy are amplified (mitigated) by more. We find evidence showing that bankruptcy is countercyclical and that …