Are consumers who have filed for personal bankruptcy before excluded from the unsecured credit market? Using a unique … default risk--those with a bankruptcy history. On average, over one-fifth of personal bankruptcy filers receive at least one … offer in a given month, with the likelihood being even higher for those who filed for bankruptcy within the previous two …

This paper quantifies the “human costs of bankruptcy” by estimating employee wage losses induced by the bankruptcy … wages begin to deteriorate one year prior to bankruptcy. One year after bankruptcy, the magnitude of the decline in annual … wages is 30% of pre-bankruptcy wages. The decrease in wages persists (at least) for five years post-bankruptcy. The present …

A large literature has examined factors leading to filing for personal bankruptcy, but little is known about household … borrowing after bankruptcy. Using data from the Survey of Consumer Finances, we find that relative to comparable nonfilers …, bankruptcy filers generally have more limited access to unsecured credit but borrow more secured debt post bankruptcy, and they …

The key feature of the modern U.S. personal bankruptcy law is to provide debtors a financial fresh start through debt …. In this paper, we test this fresh start argument by providing the first estimate of the effect of personal bankruptcy … the endogenous self-selection of bankruptcy filing and allows for dependence over time for the same household. We find …

The key feature of the modern U.S. personal bankruptcy law is to provide debtors a financial fresh start through debt …. In this paper, we test this fresh start argument by providing the first estimate of the effect of personal bankruptcy … the endogenous self-selection of bankruptcy filing and allows for dependence over time for the same household. We find …

thereafter. This, and similar results using the likelihood of reentering bankruptcy, suggest that there may be an optimal time in … results have implications for the reform and design of bankruptcy systems. …