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 …

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 …