In this paper, we model and estimate the effects of both bankruptcy stigma and financial benefit on household …'s decisions to file for bankruptcy. We show that the probability of debtors ling for bankruptcy rises when the level of bankruptcy … stigma falls. We also show that the level of bankruptcy stigma has external effects , so that individual households are …

bankruptcy models and provide a connection between this bankruptcy law puzzle and the variables depicting the governance of … national bankruptcy law, and (2) the risks associated with each bankruptcy model according to the economic literature on … bankruptcy law. Our final aim is to test whether the various bankruptcy models detailed in the paper perform in separate economic …

by owner-occupied housing whereas unsecured debt can be discharged according to bankruptcy regulations. We show that the … in homestead exemptions, which are an important part of U.S. bankruptcy regulation, have a small effect on the quantity …

. One of the possible systems of the prevention can be based on bankruptcy and creditability indices. The companies can set …

Bankruptcy reform in 2005 eliminated debtors’ ability to discharge private student loan debt in bankruptcy. This law … bankruptcy even if they had sufficient income to service their debt. Using a unique, nationally representative sample of … anonymized credit bureau files, we examine the bankruptcy filing and delinquency rates of private student loan borrowers in …