Eraslan, Hülya; Li, Wenli; Sarte, Pierre-Daniel G. - Federal Reserve Bank of Richmond - 2007
By compiling a novel dataset from bankruptcy court dockets recorded in Delaware between 2001 and 2002, we build and … estimate a structural model of Chapter 13 bankruptcy. This allows us to quantify how key debtor characteristics, including … whether they are experiencing bankruptcy for the first time, their past due secured debt at the time of filing, and income in …