Focusing on home owners, the paper discusses the reduction in a household’s credit access due to bankruptcy filing and … consume at a credit level below their desired level, this translates into an important deterrence effect for households … substantial number of households that would benefit from bankruptcy filing according to previous estimates no longer benefit from …

in unsecured debt has been particularly striking for low-income households. Some researchers have suggested that poor … households use this debt to smooth consumption intertemporally, implying that these credit markets effectively serve as a safety … net for disadvantaged households. This paper examines whether unsecured credit markets do, in fact, play an important role …

Focusing on home owners, the paper discusses the reduction in a household’s credit access due to bankruptcy filing and … consume at a credit level below their desired level, this translates into an important deterrence effect for households … substantial number of households that would benefit from bankruptcy filing according to previous estimates no longer benefit from …

in unsecured debt has been particularly striking for low-income households. Some researchers have suggested that poor … households use this debt to smooth consumption intertemporally, implying that these credit markets effectively serve as a safety … net for disadvantaged households. This paper examines whether unsecured credit markets do, in fact, play an important role …