access to unsecured credit (because of bankruptcy costs) and aggregate shocks, we show that the cyclical behavior of … credit match the sizes of credit and bankruptcy volatilities. We also find that when the right to file for bankruptcy does …

factors may mitigate lenders’ bankruptcy risk in these neighborhoods. We show that bankruptcy filers obtain more secured but …

Bankruptcy reform in 2005 restricted debtors' ability to discharge private student loan debt. The reform was motivated … by the perceived incentive of some borrowers to file bankruptcy under Chapter 7 even if they had, or expected to have … borrowers distinctly adjusted their Chapter 7 bankruptcy filing behavior in response to the reform. We do not find evidence to …

Bankruptcy reform in 2005 eliminated debtors' ability to discharge private student loan debt in bankruptcy. This law … bankruptcy even if they had sufficient income to service their debt. Using a unique, nationally representative sample of … anonymized credit bureau files, we examine the bankruptcy filing and delinquency rates of private student loan borrowers in …

variations in travel-related entry costs into the Canadian consumer bankruptcy system. Using detailed balance sheet and travel … bankruptcy (unsecured debt discharged, minus secured assets forgone). When compared across filers, each extra kilometer traveled … to access the bankruptcy system requires approximately $11 more in financial benefits from bankruptcy. {{p …

evaluate the 2005 bankruptcy law reform and other counterfactual reforms. The calibrated model indicates that the 2005 … bankruptcy reform achieves its goal of reducing the number of bankruptcy filings, as seen in the data, but at the cost of loss in …

We build a structural model of Chapter 13 bankruptcy that captures salient features of personal bankruptcy under … Chapter 13. We estimate our model using a novel data set we construct from bankruptcy court dockets recorded in Delaware … 13 outcomes under the restrictions imposed by the bankruptcy law. We use the estimated model to conduct policy …