This paper measures the extent to which destination resort casinos export bankruptcy back to visitors' home states … local bankruptcy. Using various survey data, we calculate the number of visits from each state to casino resort destinations …-of-state casino resorts have higher bankruptcy filings. This effect is dominant in the south, suggesting that casinos located in …

entrepreneurship. Specifically, we investigate whether marginal income tax rates and bankruptcy exemptions influence rates of …-shaped relationship between bankruptcy exemptions and entrepreneurship. …

. The bankruptcy code is a "primitive creditor system" and financial distress leads to an arbitration between private … agreement and costly formal bankruptcy. We consider a standard debt contract between a bank and a small firm, both risk … show that costly formal bankruptcies may occur at equilibrium and the internalization of bankruptcy costs is impossible …

This paper estimates the dynamics of the personal-bankruptcy rate over the business cycle by exploiting large cross …-state variation in recessions and bankruptcies. We find that bankruptcy rates are significantly higher than normal during a recession … and rise as a recession persists. After a recession ends, there is a hangover whereby bankruptcy rates begin to fall but …

The aim of this paper is to provide new evidence on the value-creation process taking place in bankruptcy procedures … extent the debtor’s value can be preserved under bankruptcy by analyzing the recovery rates in France, Germany, and the … United Kingdom. We use a unique European sample of 900 corporate bankruptcy files that were manually collected in commercial …