during the period 1977-87. Descriptive statistics from the data are used to characterize the0501n features of the bankruptcy … process in Canada. Firms in bankruptcy or in reorganization are typically small firms; the former being significantly smaller … than the latter. The data shows that firms in bankruptcy are in significantly worse financial condition than firms in …

The0501n objective of the new Bankruptcy Act (Bill C-22) is to promote the use of financial reorganization in order to …, that there are several reasons to believe that encouraging firms that would otherwise have opted for bankruptcy to …

discussion of the solutions to financial distress with a particular emphazis on the use of the bankruptcy law. We discuss the … functionning of the Canadian bankruptcy law, the problems arising from the use of legal frameworks such as those prevailing in …

Thousands of U.S. households filed for bankruptcy just before the bankruptcy law changed in 2005. That rush-to-file was … more pronounced, we find, in states with more generous bankruptcy exemptions and lower credit scores. We take that finding … as evidence that the new law effectively reduces exemptions, which in turn should reduce the ?demand? for bankruptcy and …

We argue that the 2005 bankruptcy abuse reform (BAR) contributed to the surge in subprime foreclosures that followed … its passage. Before BAR, distressed mortgagors could free up income by filing bankruptcy and having their unsecured debts … home equity bankruptcy exemptions; filers in low-exemption states were not very protected before BAR, so they would be less …

market competition, lending to households, and personal bankruptcy rates in the United States. We exploit the exogenous … decreased, and (3) bankruptcy rates rose. Further, we find that lending and bankruptcy rates increased more in states with …

proportional hazard model of bankruptcy and Merton’s contingent claims approach, we estimate the probability of default for U …