The 2005 Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA) includes two educational provisions which … require debtors to complete an approved credit counseling course prior to filing for bankruptcy and a financial education …’s educational mandates. The goal was to track debtors through the entire bankruptcy process and assess the long-term impacts of the …

resolved by bank regulatory agencies. The goal of corporate bankruptcy is to maximize the value of the firm as a "going concern …

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 …

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 …