Why It Pays to File for Bankruptcy: A Critical Look at Incentives Under U.S. Bankruptcy Laws and A Proposal for Change.

This article rst examines the economic justication for having a personal bankruptcy procedure at all. I argue that it is economically worthwhile to have a bankruptcy pro- cedure, but that costs rise more quickly than benets as the exemption level increases.

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Year of publication:	1998
Authors:	White, M.J.
Institutions:	Michigan - Center for Research on Economic & Social Theory
Subject:	BANKRUPTCY \| DECISION MAKING

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Series:	Michigan - Center for Research on Economic & Social Theory.
Type of publication:	Book / Working Paper
Notes:	37 pages
Classification:	G30 - Corporate Finance and Governance. General ; G33 - Bankruptcy; Liquidation
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005781164