empirical relevance of stigma and information sharing on household bankruptcy and its trend. Many observers of bankruptcy … the more relevant factor in explaining the observed bankruptcy trends. Furthermore, we show that this aggregate trend … that the overall increase in the bankruptcy rates cannot be explained by a decrease in social stigma. We argue that the …

This paper aims to contribute to the growing literature on the causes of consumer bankruptcy. It presents the consumer … bankruptcy decision as an irreversible choice that has an embedded real option value. This allows the use of well known framework … economic factors, such as unemployment, are strong predictors of bankruptcy rates and are consistent with the implications of …

least some time after their bankruptcy. However, there is very little non-survey based empirical evidence on the … availability of credit post-bankruptcy. This paper makes two contributions using data from one of the largest credit bureaus in the … US. First, we show that individuals who file for bankruptcy can indeed get credit very quickly after they file. Indeed …

rising household debt, personal bankruptcy filings, and arrears. In this paper, we use data from the European Community …

Under the assumption that asset markets are incomplete, this paper introduces bankruptcy in an intertemporal … argues that intervention in the form of a level of bankruptcy exemption can enhance not only social welfare but also … distributive equity. The bankruptcy law is carefully specified in the model. The model generates distributional changes in …

general equilibrium model. Binding ceilings on loan rates reduce the probability of bankruptcy. Lower bankruptcy rates result … in lower bankruptcy and liquidation costs. The authors state conditions under which the resources freed by this cost …