. Finally, we find that those debtors who misreported income had a lower probability of default on their debt repayment plans …

Chapter 7 bankruptcy, the main debt relief program for U.S. households, provides more than $150 billion in debt relief … each year, yet its impact on consumers remains unclear. Using unique hand-collected data from individual bankruptcy …

Increasing personal bankruptcy protection raises consumers' desire to borrow and lenders' cost of extending credit; the … impact on equilibrium borrowing is ambiguous. Using bankruptcy protection changes between 1999 and 2005 across U.S. states …

This paper examines the disparity in default risk between vulnerable and non-vulnerable populations in consumer lending … the probability of default. We find that vulnerable individuals have a higher risk than non-vulnerable individuals …. Specifically, interest rates explain at least 30 percent of the risk gap. We also find that the default probabilities faced by …

after the financial crisis. We also nd that consumers with a bankruptcy history, a conspicuous signal of higher default risk …

significantly reduces severe financial distress, decreasing the likelihood of filing for bankruptcy by 61% in the three years …

We examine how financial technology affects household hardship in terms of personal bankruptcy. We exploit an exogenous … bankruptcy arise principally from reversing access to new lending technology …