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Bankruptcy : Past Puzzles, Recent Reforms, and the Mortgage Crisis

White, Michelle J. - 2010

This paper discusses four bankruptcy-related policy issues. First, what is the economic rationale for having a bankruptcy procedure at all and what defines an economically efficient bankruptcy procedure? Second, why did the number of U.S. bankruptcy filings increase so dramatically between 1980...

Persistent link: https://www.econbiz.de/10013151166

The impact of bankruptcy reform on insolvency choice and consumer credit

Allen, Jason; Basiri, Kiana - 2016

We examine the impact of the 2009 amendments to the Canadian Bankruptcy and Insolvency Act on insolvency decisions …

Persistent link: https://www.econbiz.de/10011477142

Complaints Handling by the Regulators of Insolvency Practitioners : A Comparative Study

Seneviratne, Mary; Walters, Adrian - 2012

comparators, many of the insolvency regulators focus principally on the regulation and disciplining of insolvency practitioners …This paper is a follow up study commissioned by the UK Insolvency Practices Council which builds on our earlier study … of complaints handling and disciplinary systems in the UK insolvency practitioner profession: see http …

Persistent link: https://www.econbiz.de/10014212390

Bankruptcies in 2012-2013 : Growth in the Number of Bankruptcies of Financial Institutions and Individual Entrepreneurs and the Introduction of New Regulations

Apevalova, Elena - 2015

Persistent link: https://www.econbiz.de/10013012682

Labor Market Upheaval, Default Regulations, and Consumer Debt

Athreya, Kartik B. - 2014

In 2005, reforms made formal personal bankruptcy much more costly. Shortly after, the US began to experience its most severe recession in seventy years, and while personal bankruptcy rates rose, they rose only modestly given the severity of the rise in unemployment. By contrast, informal default...

Persistent link: https://www.econbiz.de/10013059435

Financial Crisis in Spain and Consumer Protection in the Absence of Special Rules for Consumer Insolvency

Arias Varona, F. Javier - 2015

Spanish Insolvency Law dates back to 2003, but Spain is one of very few European countries lacking specific legislation … on consumer insolvency, even though the latest amendment to this law envisaged regulations on consumer insolvency in the …. This explains the need for a special approach to the issue of consumer insolvency, recently more geared towards specific …

Persistent link: https://www.econbiz.de/10013027570

Subprime Foreclosures and the 2005 Bankruptcy Reform

Morgan, Donald P. - 2013

This article presents arguments and evidence suggesting that the bankruptcy abuse reform (BAR) of 2005 may have been one contributor to the destabilizing surge in subprime foreclosures. Before BAR took effect, overly indebted borrowers could file bankruptcy to free up income to pay their...

Persistent link: https://www.econbiz.de/10013076286

Subprime Foreclosures and the 2005 Bankruptcy Reform

Morgan, Donald P. - 2013

Persistent link: https://www.econbiz.de/10013093861

Bankruptcy and Failure of Lehman Brothers : A Study on Modus Operandi, Prevention Technique and a Way Forward

Joshi, Urja - 2023

industry lacked adequate resolution methods to deal with such a disaster. It caused mayhem throughout the world as a result of …'s demise. Stock markets around the world and in each country and institutional investors, and employees of the Firm and its …

Persistent link: https://www.econbiz.de/10014254713

Measuring the Effect of Bankruptcy Laws on Entrepreneurship Across Countries

Cumming, Douglas J. - 2011

Two recent papers examine the impact of corporate bankruptcy laws on new business start-ups in 29 countries over 1990 - 2008 (Peng et al., 2010; Lee et al., 2010). In this commentary, I briefly point out two significant issues which future researchers might want to consider. First, several countries...

Persistent link: https://www.econbiz.de/10013117667