We are the first to show that the cost of personal bankruptcy filers traveling to their bankruptcy trustees affects … bankruptcy choices. We use detailed balance sheet, income statement, and location data from 400,000 Canadian bankruptcies. To … bankruptcy trustees (while filers interact with trustees, and trustees interact with local government, filers do not interact …

We are the first to examine whether exogenous shocks cause personal bankruptcy through the balance sheet channel and … payments on 200,000 Canadian bankruptcy filings. We find support for the balance sheet channel, in that receipt of the … exogenous cash increases the net balance sheet benefits of bankruptcy (unsecured debt discharged minus liquidated assets forgone …

mortgages to the current market value of the property for homeowners in Chapter 7 or Chapter 13 bankruptcy. Strip-down of … mortgages in bankruptcy was proposed as a means of reducing foreclosures during the recent mortgage crisis but was blocked by … lenders. Our goal is to determine whether allowing bankruptcy judges to modify mortgages would have a large adverse impact on …