This paper estimates the extent to which legal fees prevent liquidity-constrained households from declaring bankruptcy …. To do so, it studies how the 2001 and 2008 tax rebates affected consumer bankruptcy filings. We exploit the randomized …-collected data from individual bankruptcy petitions, we document that the rebates caused an increase in the average liabilities and …

characteristics of people in bankruptcy, the decisions that contributed to their debt problems, the consequences of being in financial … distress, the functioning of the bankruptcy system as a solution to overwhelming debt, and the way in which debt loads can … bankruptcy as a lens for studying financial distress and contains a short primer on consumer bankruptcy for non-lawyers. The …

This paper is an update of bankruptcy trends in Australia. The paper updates the work of Ramsay and Sim (2009) using … data from the Annual Reports of the Inspector General in Bankruptcy for Australia and comments upon changes in the …

This paper estimates the extent to which legal fees prevent liquidity-constrained households from declaring bankruptcy …. To do so, it studies how the 2001 and 2008 income tax rebates affected consumer bankruptcy filings. We exploit the …-collected data from individual bankruptcy petitions, we document that the rebates caused an increase in the total liabilities and …

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 …

Homestead exemptions to personal bankruptcy allow households to retain their home equity up to a limit determined at … the state level. Households that may experience bankruptcy thus have an incentive to bias their portfolios towards home … bankruptcy on account of unpaid medical bills. The bias is further stronger for households with mortgage finance, shorter house …

further steps are needed to speed up bankruptcy procedures and reduce credit enforcement costs. Latvia's experience with …

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 …