creditworthiness effects of bankruptcy in response to tighter credit. We show that bankruptcy dampens the effect of tighter credit on … aggregate consumption on impact because it allows borrowers to sustain consumption, but statutory exclusion from the credit … the negative welfare effects of the subsequent credit tightening. …

between household debt levels, financial stability risks, and the ongoing implications of the ‘debt overhang’ for economic … growth. However, accurately measuring the household debt burden remains problematic. Aggregate measures of household … indebtedness (e.?g. household liabilities relative to income) fail to fully capture the debt servicing burdens of households …

We examine the impact of the 2009 amendments to the Canadian Bankruptcy and Insolvency Act on insolvency decisions … led to a significant substitution out of bankruptcies and into proposals. Using credit bureau data on credit card limits …

outstanding debts. This paper analyses the prevalence of financial distress, how this distress is related to consumer credit use …, and whether financial distress can be predicted. We aim to inform discussion about how consumer credit lenders should … Wealth and Assets Survey, we find the majority (61%) of individuals in Great Britain have at least one consumer credit …

main characteristics of Spanish household debt was (and still is) the importance of mortgage credit in the purchase of …Spanish Insolvency Law dates back to 2003, but Spain is one of very few European countries lacking specific legislation … on consumer insolvency, even though the latest amendment to this law envisaged regulations on consumer insolvency in the …

This is part of a series of quarterly reports of consumer credit trends produced by the Consumer Financial Protection … Bureau using a longitudinal, nationally-representative sample of approximately five million de-identified credit records … maintained by one of the three nationwide credit reporting companies. This eighth report explores how the volume and types of …