the Intellectual Property Bankruptcy Protection Act, 1987 as a knee-jerk reaction to the decision of the Fourth Circuit … certiorari to attend to the circuit split. Part 4 draws a parallel between the Indian Bankruptcy Law and its US counterpart. The … filings of bankruptcy under Chapter 11 of the Bankruptcy Code, is given an option to rescind ‘burdensome’ and ‘onerous …

We assess the credit market impact of allowing mortgage "strip-down" as a foreclosure-prevention measure, where strip … Chapter 13 bankruptcy. Our identification is provided by a series of U.S. court decisions that introduced strip-down in parts …-term reduction in mortgage interest rates and a small, short-term increase in mortgage approval rates, but no long-term effects, and …

I develop an equilibrium model of housing and default to jointly analyze the effects of bankruptcy and foreclosure … debt. I show that the interaction between foreclosure and bankruptcy decisions is crucial for explaining the observed cross …-state correlation between default policies and default rates. I use the model to argue that a major recent reform to bankruptcy reduced …

legislation successfully reduces the number of subprime mortgage borrowers filing for bankruptcy. However, the new law has …This paper, for the first time investigates the effects of the Bankruptcy Abuse Prevention and Consumer Protection Act … of 2005 on subprime mortgage performance. Based on a large mortgage dataset, the study quantifies that the new …

individuals may file for bankruptcy or default on their mortgage. Uncertainty in the model is driven by house price shocks …, education specific productivity shocks, and catastrophic consumption events, while bankruptcy is governed by the basic … Bankruptcy policy …

This paper argues that the U.S. bankruptcy reform of 2005 played an important role in the mortgage crisis and the …, they estimate a hazard model to test whether the 2005 bankruptcy reform caused mortgage default rates to rise. Their major … result is that prime and subprime mortgage default rates rose by 14 percent and 16 percent, respectively, after bankruptcy …

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 …This study analyzes whether bankruptcy asset exemptions and state foreclosure laws affect borrowers' decisions to …

change the terms of residential mortgage contracts in bankruptcy …This paper discusses four bankruptcy-related policy issues. First, what is the economic rationale for having a … bankruptcy procedure at all and what defines an economically efficient bankruptcy procedure? Second, why did the number of U …

policies could increase the cost of credit in the mortgage market. We explore this using historical variation in federal … judicial rulings regarding whether Chapter 13 bankruptcy filers could reduce the principal owed on a home loan to the home …