Albanesi, Stefania; Nosal, Jaromir - 2015
Using a comprehensive panel dataset on U.S. households, we study the effects of the 2005 Bankruptcy Abuse Prevention … Bankruptcy Reform Act of 1978. The 2005 legislation introduced a means test based on income to establish eligibility for Chapter …, especially, the financial cost of filing for bankruptcy. We study the effects of the reform on bankruptcy, insolvency, and …