providing an overview of consumer bankruptcy law in the US and document the relevant institutional changes over time. We proceed … implications of various bankruptcy laws? And second, what caused the rise in filings over time? We end with a discussion of open …

providing an overview of consumer bankruptcy law in the US and document the relevant institutional changes over time. We proceed … implications of various bankruptcy laws? And second, what caused the rise in filings over time? We end with a discussion of open …

How does bankruptcy affect the dynamics of aggregate consumption? We quantify the trade-off between the insurance and … creditworthiness effects of bankruptcy in response to tighter credit. We show that bankruptcy dampens the effect of tighter credit on … market reduces consumption smoothing over time and slows the recovery. Default costs play a crucial role in bankruptcy …

This study examines the impact of changes in homestead exemption levels upon the consumer bankruptcy filing rate. This … effect on the applicable dependent variable. Four dependent bankruptcy variables were employed: per capita total consumer-bankruptcy … filings, per capita Chapter 7 consumer-bankruptcy filing rate, per capita Chapter 13 bankruptcy filing rate, and Chapter 7 …

This paper presents new evidence on the importance of insolvency frameworks for private sector debt deleveraging and … for the resolution of non-performing loans (NPL). We construct an aggregate insolvency framework index (IFI), which is …, our results indicate that better insolvency frameworks lead to faster NPL reductions and to lower NPL increases during …