individuals may file for bankruptcy or default on their mortgage. Uncertainty in the model is driven by house price shocks … institutional framework in the US as implied by Chapter 7 and Chapter 13. The model is estimated using micro data on credit reports …

In this paper we examine the relationship between homeowners' bankruptcy decisions and their mortgage default decisions … relationships could be either substitutes or complements. Bankruptcy and default tend to be substitutes because homeowners' budgets …. But bankruptcy and default may also be complements if homeowners use bankruptcy to reduce the cost of defaulting on their …

In this paper we examine the relationship between homeowners' bankruptcy decisions and their mortgage default decisions … relationships could be either substitutes or complements. Bankruptcy and default tend to be substitutes because homeowners' budgets …. But bankruptcy and default may also be complements if homeowners use bankruptcy to reduce the cost of defaulting on their …

individuals may file for bankruptcy or default on their mortgage. Uncertainty in the model is driven by house price shocks … institutional framework in the US as implied by Chapter 7 and Chapter 13. The model is estimated using micro data on credit reports …

individuals may file for bankruptcy or default on their mortgage. Uncertainty in the model is driven by house price shocks … institutional framework in the U.S. as implied by Chapter 7 and Chapter 13. The model is estimated using micro data on credit …