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When borrowers are delinquent, senior debtholders prefer liquidation whereas junior debtholders prefer to maintain …
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judges granting debt discharges in chapter 13 (reorganization) and chapter 7 (liquidation) bankruptcy proceedings. To do so …We exploit the random assignment of judges in personal bankruptcy proceedings to test whether race and politics bias …, we have collected a random sample of 9,526 bankruptcy petitions. As race is not reported on court documents directly, we …
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