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The macroeconomics of US consumer bankruptcy choice : chapter 7 or chapter 13?

Li, Wenli (contributor); Sarte, Pierre-Daniel (contributor) - 2002 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10001717052

Fresh start or head start? : Uniform bankruptcy exemptions and welfare

Athreya, Kartik B. (contributor) - 2003 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10001758865

Personal bankruptcy of public insurance?

Athreya, Kartik B. (contributor); … - 2003 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10001886354

Loan guarantees for consumer credit markets

Athreya, Kartik B.; Tam, Xuan S.; Young, Eric R. - Federal Reserve Bank of Richmond - 2011

Loan guarantees are arguably the most widely used policy intervention in credit markets, especially for consumers. This may be natural, as they have several features that, a priori, suggest that they might be particularly effective in improving allocations. However, despite this, little is...

Persistent link: https://www.econbiz.de/10009320869

Costly Contracts and Consumer Credit

Livshits, Igor; MacGee, James; Tertilt, Michèle - C.E.P.R. Discussion Papers - 2011

Financial innovations are a common explanation of the rise in consumer credit and bankruptcies. To evaluate this story, we develop a simple model that incorporates two key frictions: asymmetric information about borrowers’ risk of default and a fixed cost to create each contract offered by...

Persistent link: https://www.econbiz.de/10009322977

Bank Solvency, Market Structure, and Monitoring Incentives

Caminal, Ramon; Matutes, Carmen - C.E.P.R. Discussion Papers - 1997

We analyse the impact of market structure on the probability of banking failure when banks’ loan portfolios are subject to aggregate uncertainty. In our model borrowers are subject to a moral hazard problem, which induces banks to choose between two second-best alternative devices: costly...

Persistent link: https://www.econbiz.de/10005662062

Understanding the Recovery Rates on Defaulted Securities

Acharya, Viral V; Bharath, Sreedhar T; Srinivasan, Anand - C.E.P.R. Discussion Papers - 2003

and at the time of emergence from default or from bankruptcy. In addition to seniority and security of the defaulted …

Persistent link: https://www.econbiz.de/10005666480

The Housing Crisis and Bankruptcy Reform: The Prepackaged Chapter 13 Approach

Posner, Eric A; Zingales, Luigi - C.E.P.R. Discussion Papers - 2009

reform of Chapter 13 that would allow homeowners to strip down the value of their mortgages in a prepackaged bankruptcy. Such … rubber stamp by a bankruptcy judge or other official, thus preserving judicial resources. Other plans, including that of the …

Persistent link: https://www.econbiz.de/10005666502

Financial Distress and Bank Restructuring of Small to Medium Size UK Companies

Franks, Julian R; Sussman, Oren - C.E.P.R. Discussion Papers - 2003

outside bankruptcy. The approach to bankruptcy is contract-based, with lenders and borrowers relying on procedures written … the decision to place the distressed firm in bankruptcy. …

Persistent link: https://www.econbiz.de/10005788979

The anatomy of U.S. personal bankruptcy under Chapter 13

Eraslan, Hülya; Li, Wenli; Sarte, Pierre-Daniel G. - Federal Reserve Bank of Richmond - 2007

By compiling a novel dataset from bankruptcy court dockets recorded in Delaware between 2001 and 2002, we build and … estimate a structural model of Chapter 13 bankruptcy. This allows us to quantify how key debtor characteristics, including … whether they are experiencing bankruptcy for the first time, their past due secured debt at the time of filing, and income in …

Persistent link: https://www.econbiz.de/10004993867