The household debt-to-disposable income ratio in Canada increased from 110 per cent in 1999 to 127 per cent in 2007 …. This increase has raised questions about the ability of households to service their increased debt if faced with a negative … economic or socio-economic shock. The debt service ratio (DSR) measures the proportion of disposable income that households …

). The HDC can order an immediate repayment or grant a debt suspension. Exploiting the random assignment of bankruptcy … filings to managers, we show that a debt suspension has a very significant and negative effect on the likelihood to re … the nature of their indebtedness. Our results imply that rather than focusing on a specific debt profile, above all a …

The literature on market timing of long-term debt issuance yields mixed evidence that managers can successfully time … their debt-maturity issuance. The early results that are indicative of debt-maturity timing are not robust to accounting for … structural breaks or to other measures of debt maturity from firm-level data that account for call and put provisions in debt …