"This paper examines how filing for bankruptcy under Chapter 13 helps financially distressed debtors save their homes … reduce the total amount owed. We develop a model of debtors' decisions to default on their mortgages and file for bankruptcy … and we evaluate it using a new dataset of debtors who filed for bankruptcy under Chapter 13 in 2006. We also examine the …

From 1980 to 2004, the number of personal bankruptcy filings in the United States increased more than five-fold, from … 288,000 to 1.5 million per year. Lenders responded to the high filing rate with a major lobbying campaign for bankruptcy … reform that led to the adoption in 2005 of the Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA), which made …

Chapter 13 bankruptcy. Our identification is provided by a series of U.S. court decisions that introduced strip-down in parts …

"This paper surveys research on the economics of corporate and personal bankruptcy law. Since the literatures on the … two types of bankruptcy have developed in isolation of each other, a goal of the survey is to draw out parallels between …