providing an overview of consumer bankruptcy law in the US and document the relevant institutional changes over time. We proceed … implications of various bankruptcy laws? And second, what caused the rise in filings over time? We end with a discussion of open …

). The HDC can order an immediate repayment or grant a debt suspension. Exploiting the random assignment of bankruptcy … importance of regulation of credit distribution to avoid both entering into bankruptcy and re-filing for bankruptcy. …

households in consumer bankruptcy appears to be no different. Despite the U.S. Bankruptcy Code being federal law, there is … extreme geographic variation in the relative use of the two types of consumer bankruptcy - Chapter 7 and Chapter 13 - and … these differences lead to disparities in bankruptcy's balance between debt relief and creditor repayment. Guided by the …

limits and more lenient bankruptcy - affected intergenerational mobility. Surprisingly, we find that the democratization of … bankruptcy policy lowers mobility since low-income households dissave, hit their constraints more often, and reduce investments … in their children. Quantitatively, the democratization of credit is dominated by more lenient bankruptcy policy and so …

.S. data. A calibration of the model that explicitly considers hiring freeze and bankruptcy can account for 20 to 35 percent of …

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 … and price of unsecured debt. -- household debt portfolios ; housing ; collateral ; bankruptcy ; commitment ; income risk …