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 …

one judges the frequency of bankruptcy in different countries, the main issue is to decide which frequency of bankruptcy … makes it possible to compare frequency of bankruptcies between countries. We compare frequency of bankruptcy between …, repairs, Hotels and restaurants are the industries in every country that either has the highest frequency of bankruptcy or …

important role in restructuring. Insolvency leads to formal bankruptcy when legal procedures are employed to liquidate the ….Thereafter we turn in Section 6 to the empirical evidence on bankruptcy and restructuring in a number of countries with … substantial differences in legal approaches to insolvency. We ask in Section 7 what explains the relatively high bankruptcy …

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 …