whether the removal of slots from a specific bar or restaurant impacts bankruptcy filings in the immediate vicinity. Our …

We are the first to examine whether exogenous shocks cause personal bankruptcy through the balance sheet channel and … payments on 200,000 Canadian bankruptcy filings. We find support for the balance sheet channel, in that receipt of the … exogenous cash increases the net balance sheet benefits of bankruptcy (unsecured debt discharged minus liquidated assets forgone …

We are the first to show that the cost of personal bankruptcy filers traveling to their bankruptcy trustees affects … bankruptcy choices. We use detailed balance sheet, income statement, and location data from 400,000 Canadian bankruptcies. To … bankruptcy trustees (while filers interact with trustees, and trustees interact with local government, filers do not interact …

whether the removal of slots from a specific bar or restaurant impacts bankruptcy filings in the immediate vicinity. Our …

We provide a novel explanation to the longstanding puzzle of the “missing bankruptcy filings.” Even though a household … with a negative net worth will receive contemporaneous benefit from bankruptcy, there may be greater insurance value from … delaying the filing. Household bankruptcy is thus an American-style put option, which is not necessarily exercised even if the …