the effects of the reform on bankruptcy, insolvency, and foreclosure, we explore the mechanism generating these responses … higher monetary cost of filing for bankruptcy. We show that insolvency is associated with worse outcomes than bankruptcy, in …The 2005 Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA) is the most important reform of personal …

This essay examines the state of access to justice in the context of consumer bankruptcy from two vantage points: (1 …) how people decide that their money problems are legal problems addressable by filing bankruptcy; and (2) the barriers … people face in using the consumer bankruptcy system. To shed new light on how people decide to use bankruptcy to address …

in adversary actions seeking student loan discharge in bankruptcy proceedings. Although by law student loan borrowers may … would qualify for such a discharge in bankruptcy do not receive it. This proposal recommends changes to the Department of …

Bankruptcy stigma is commonly thought to influence debtors' bankruptcy filing decisions. Despite its importance …, researchers have not collected direct quantitative measures of bankruptcy stigma, either in terms of attitudes toward bankruptcy … or evaluations of filers. Across two empirical studies, we find that (1) attitudes toward bankruptcy and bankruptcy …

the US bankruptcy code and the German insolvency code ('Insolvenzordnung') to highlight some selected regulative elements …The first ambition of this paper is to sketch a normative frame (a 'grammar') for consumer bankruptcy reasons … divers bankruptcy theories. The systemic order of this grammar allows integrating plural bankruptcy rationalities and at the …

We examine the personal bankruptcy decisions of lower-income homeowners before and after the Bankruptcy Abuse … Prevention and Consumer Protection Act (BAPCPA). Econometric studies suggest that personal bankruptcy is explained by financial …, unexpected expenses, unemployment, health insurance coverage, medical bills, and mortgage delinquencies predict bankruptcy …

.S. consumer bankruptcy filings, based on secondary data from the Institute for Financial Literacy (IFL) and the American … largest cohort effects in relation to other generations; also, they experienced the largest increases in bankruptcy filings in …. Interestingly, the millennial generation, born between 1977-1996, experienced the lowest bankruptcy filings compared to when …

In this paper, I construct a model of an exchange economy in which bankruptcy arises in a manner similar to what we … highlight some welfare effects of bankruptcy …

issues and insolvency procedures. Obtained results indicate the need to equalize bankruptcy proceedings for all natural …In Poland, over the past four years we have been witnessing the liberalisation of the laws on consumer bankruptcy which … the law and bankruptcy regime adopted in Poland is the fact that natural persons conducting business activity increasingly …