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 …

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 …

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 …