Desai, Chintal Ajitbhai - In: Managerial Finance 42 (2016) 7, pp. 680-705
Purpose – A financially distressed homeowner considers bankruptcy filing, either Chapter 7 or Chapter 13, to delay foreclosure. On one hand, Chapter 13 filing takes longer processing time, spreads mortgage arrearages over the debt repayment period, and increases the possibility of loan...