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the current global pandemic crisis, the future of household finances is uncertain. The change of the macroeconomic and …
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This paper looks at arrears among US households between 1995 and 2013. It uses household data from the Survey of … Consumer Finances (SCF) where arrears occur when a household reports it “sometimes got behind or missed a payment”. The key …
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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...
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discharged relatively fast. In line with their different insolvency procedures, the two countries also represent two different …
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