This study aims to examine the effectiveness of the debt modification system (DMS) in Korea. We find that DMS does have … a positive effect in increasing the credit scores and annual income of DMS users. We also find that a debt management …-interest unsecured loans from banks. Therefore, DMS in Kores is still insufficient to support the return of debt-ridden consumers to …

I examine the theoretical prediction that executive inside debt results in higher recoveries in bankruptcy. Using a … unsecured debt in bankruptcy. Firms where CEOs have inside debt at the sample mean experience $0.053 greater recoveries per … dollar of debt in the event of bankruptcy relative to firms where the CEO does not have inside debt. Consistent with theory …

+ days late for debt payments) and insolvency (total liability > total asset). Debt portfolios refer to various combinations …) tend to increase insolvency. These results are used to construct warning debt portfolios that show greater chances of …-vehicle-other debts; for debt delinquency is the holding of education-other debts; and for insolvency is the holding of mortgage …

We study how forcing financially distressed consumer debtors to repay a larger fraction of debt can lead them to … traveled farther to find more lenient insolvency professionals who, historically, approved more potentially fraudulent filings …. Finally, we find that those debtors who misreported income had a lower probability of default on their debt repayment plans …

for debt payments), and insolvency (total liability > total asset). Debt portfolios refer to various combinations of …In recent decades, research on consumer debt and wellbeing is emerging. However, research on the potential effect of … debt portfolios on family financial wellbeing is limited. The purpose of this study is to fill this research gap by …

ratio > 40%), debt delinquency (60+ days late for debt payments), and insolvency (total liability > total asset). Debt … insolvency. These results are used to identify warning debt portfolios in terms of financial burden indicators. Among these debt … portfolios, the top warning portfolios for debt pressure, debt delinquency, and insolvency are mortgage-vehicle-other debts …