Showing 531 - 540 of 22,297
Persistent link: https://www.econbiz.de/10015188577
We study how furlough affects household financial distress during the COVID-19 pandemic. Furlough increases the probability of late housing and bill payments by 30% and 9%, respectively. The effects exist for individuals who rent their home, but not mortgagees who can mitigate financial distress...
Persistent link: https://www.econbiz.de/10013212266
Using a novel dataset composed of nearly 30k randomly selected cardholders from the largest financial institution in Latin America (Itau Unibanco), we analyze the choices of distressed Brazilian clients. Conditional on having two credit cards and defaulting on only one of them, we find that...
Persistent link: https://www.econbiz.de/10013212953
A personal bankruptcy law that allows for a "fresh start" after bankruptcy reduces the individual risk involved in … entrepreneurial activity. On the other hand, as risk shifts to creditors who recover less of their credit after a debtor's bankruptcy … forgiving personal bankruptcy law are less relevant for wealthy potential entrepreneurs who still risk losing their wealth, but …
Persistent link: https://www.econbiz.de/10013130785
"A personal bankruptcy law that allows for a “fresh start” after bankruptcy reduces the individual risk involved in … entrepreneurial activity. On the other hand, as risk shifts to creditors who recover less of their credit after a debtor's bankruptcy … forgiving personal bankruptcy law are less relevant for wealthy potential entrepreneurs who still risk losing their wealth, but …
Persistent link: https://www.econbiz.de/10013130939
In 2005, the U.S. Bankruptcy Law suffered major adjustments with the passing of the Bankruptcy Abuse Prevention and … that, in the pre-bankruptcy period, the risk-adjusted stock price performance is very similar whether the case is initiated … under the BAPCPA or its predecessor, the Bankruptcy Reform Act of 1978. The market reaction to the formal announcement of …
Persistent link: https://www.econbiz.de/10013131084
of increases in the amount and share of delinquent debt (90 days past due or more) and of increases in bankruptcy risk …
Persistent link: https://www.econbiz.de/10012901140
Using a unique dataset that merges bankruptcy and motor events with personal data in Singapore, this study finds … significant evidence of gender gap in personal bankruptcy risk. We show that the women' odds in bankruptcy events is 28% of the … find that the gender effect is stronger in Chinese's bankruptcy events, but weaker in Malay and Indian bankruptcy events …
Persistent link: https://www.econbiz.de/10013007088
The mortgage default decision is part of a complex household credit management problem. We examine how factors affecting mortgage default spill over to other credit markets. As home equity turns negative, homeowners default on mortgages and HELOCs at higher rates, whereas they prioritize...
Persistent link: https://www.econbiz.de/10013020471
A major benefit of health insurance coverage is that it protects the insured from unexpected medical costs that may devastate their personal finances. In this paper, we use detailed credit report information on a large panel of individuals to examine the effect of a major health care reform in...
Persistent link: https://www.econbiz.de/10013034263