This study analyzes whether bankruptcy asset exemptions and state foreclosure laws affect borrowers' decisions to … bankruptcy asset exemptions and mortgage foreclosure laws on mortgage defaults across different segments of the mortgage market … statistically significant non-linear relationship between bankruptcy asset exemptions and mortgage defaults …

The relationship between personal and firm bankruptcy is intuitively understood but has not been previously studied …. When a person files a bankruptcy petition they reduce their spending on goods and services sold by companies. Similarly …, when a firm files for bankruptcy some employees lose their jobs and incomes. The interaction between personal and business …

A continuing theme of our work, and that of others, has been the failure of insolvency law to keep pace with the new … problems faced by low-income debtors. Researchers have suggested that the cost of personal bankruptcy puts it beyond the reach … income debtors would take advantage of bankruptcy if the price was lower. In this paper, we analyze another industry — the …

The Bankruptcy Clause allows Congress to establish “uniform Laws on the subject of Bankruptcies throughout the United … States.” Pursuant to this authority, the Bankruptcy Code, 11 U.S.C. §101 et seq., governs consumer bankruptcy in the U.S. As …

law. Debt agreements were introduced into Australian personal insolvency law in 1996 as an alternative to bankruptcy. This …The authors report the results of an empirical study of the use of debt agreements in Australian personal insolvency … consider the role and use of debt agreements in Australian personal insolvency law. This includes examination of the various …

In 2007, the Institute for Financial Literacy released its first Annual Consumer Bankruptcy Demographics Report. These …. Since the first report, which was prompted by the passage of the Bankruptcy Abuse Prevention and Consumer Protection Act of … who filed for bankruptcy in 2006 look the same as the individual who filed last year?This year's Annual Consumer …

Bankruptcy is the legal process by which the debts of firms, individuals, and occasionally governments in financial … distress are resolved. Bankruptcy law always includes three components. First, it provides a collective framework for … how the assets and earnings used to repay are divided among creditors. Third, bankruptcy law specifies punishments …

When the 2005 Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA) made consumer bankruptcy more expensive … beneficiaries. Even before BAPCPA, consumer bankruptcy suffered from the irony that those who needed it the most were often too poor … consumer bankruptcy filers bear, that of paying their own lawyers. But in our rush to undo the harm caused by BAPCPA …

In early 2005 a new bankruptcy law was approved by the Brazilian Congress, taking effect a few months later. The new … legislation improved creditor protection and the bankruptcy system's efficiency. This paper tries to shed some light on the … empirical consequences of a bankruptcy reform on a poorly developed credit market. Using data from Brazilian and non …