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Bankruptcy : Is it Enough to Forgive or Must We Also Forget?

Elul, Ronel - 2012

In many countries, lenders are restricted in their access to information about borrowers' past defaults. The authors study this provision in a model of repeated borrowing and lending with moral hazard and adverse selection. They analyze its effects on borrowers' incentives and access to credit,...

Persistent link: https://www.econbiz.de/10013114975

The Impact of the 2005 Bankruptcy Law on Subprime Mortgage Performance

Guo, Jie Qun - 2019

This paper, for the first time investigates the effects of the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 on subprime mortgage performance. Based on a large mortgage dataset, the study quantifies that the new legislation successfully reduces the number of subprime mortgage...

Persistent link: https://www.econbiz.de/10012906094

Do Student Loan Borrowers Opportunistically Default? Evidence from Bankruptcy Reform

Darolia, Rajeev - 2016

Bankruptcy reform in 2005 eliminated debtors' ability to discharge private student loan debt in bankruptcy. This law aimed to reduce costly defaults by diminishing the perceived incentive of some private student loan borrowers to declare bankruptcy even if they had sufficient income to service...

Persistent link: https://www.econbiz.de/10013004942

Bankruptcy : Is it Enough to Forgive or Must We Also Forget?

Elul, Ronel - 2019

In many countries, lenders are not permitted to use information about past defaults after a specified period of time has elapsed. We model this provision and determine conditions under which it is optimal. We develop a model in which entrepreneurs must repeatedly seek external funds to finance a...

Persistent link: https://www.econbiz.de/10012706150

Calculating failure : the making of a calculative infrastructure for forgiving and forecasting failure

Kurunmäki, Liisa; Miller, Peter - In: Business history 55 (2013) 7, pp. 1100-1118

Persistent link: https://www.econbiz.de/10010225074

Predicting insolvency of the construction companies in the creditworthiness assessment process : empirical evidence from Poland

Balina, Rafał; Idasz-Balina, Marta; Achsani, Noer Azam - In: Journal of risk and financial management : JRFM 14 (2021) 10, pp. 1-16

Prediction insolvency is one of the most important issues during creditworthiness assessment, especially in the turmoil … environment. That is why the problem of insolvency and bankruptcy prediction has been the subject of numerous studies focused on … effectively used in practice to analyze and signal the risk of insolvency and bankruptcy of a construction firms. Also, the …

Persistent link: https://www.econbiz.de/10012628749