We use a linked housing transaction dataset and a personal bankruptcy dataset to study the impact of housing credit on … personal bankruptcy in Singapore. Using a difference-in-differences (DD) approach, we find that an increase in housing credit … increases the monthly instalment by 560-900 Singapore dollar, and increases the likelihood of personal bankruptcy by 0 …

I develop an equilibrium model of housing and default to jointly analyze the effects of bankruptcy and foreclosure … debt. I show that the interaction between foreclosure and bankruptcy decisions is crucial for explaining the observed cross …-state correlation between default policies and default rates. I use the model to argue that a major recent reform to bankruptcy reduced …

already reduced their non-housing expenditures to below the recommended minimum level used in the personal insolvency system …

Mortgage cramdown enabled bankruptcy judges to discharge the underwater portion of a mortgage during Chapter 13 … bankruptcy before the Supreme Court disallowed this practice in 1993. We exploit the random assignment of cases to judges to … quantify the ex-post effects of Chapter 13 bankruptcy over the period from 1989 to 1993. We find that a successful Chapter 13 …