Bankruptcy is the legal process whereby financially distressed firms, individuals, and occasionally governments resolve … their debts. The bankruptcy process for firms plays a central role in economics, because competition drives inefficient … corporate bankruptcy is to reduce the cost of default by having a government-sponsored procedure that resolves all debts …

). The HDC can order an immediate repayment or grant a debt suspension. Exploiting the random assignment of bankruptcy … importance of regulation of credit distribution to avoid both entering into bankruptcy and re-filing for bankruptcy. …

We analyze the relationship between the intensity of banks' use of soft-information and household bankruptcy patterns …. Using a unique data set on the universe of Canadian household bankruptcies, we document that bankruptcy rates are higher in … mergers as exogenous variation in local market structure, we show that the differences in bankruptcy rates are not due to …

We examine the impact of the 2009 amendments to the Canadian Bankruptcy and Insolvency Act on insolvency decisions …

to the U.S. economy, and then consider the effect of alternative personal bankruptcy regimes. For reasonable parameter … values, a less lenient (higher post bankruptcy garnishment of income) bankruptcy law deters households with moderate … entrepreneurial ability from entering entrepreneurship, while variations in bankruptcy systems have negligible effects on higher …

This paper analyzes the relationship between consumer bankruptcy patterns and banks' soft-information. Using a major … merger exhibit a relative increase in consumer bankruptcy rates following the merger. We analyze different plausible …

In this paper, we empirically assess the role of individual social capital on personal bankruptcy and default outcomes … economic environments, we find that default/bankruptcy risk rises and then falls over the lifecycle, while a borrower who owns … a home or is married has a lower risk of default/bankruptcy. Moreover, a borrower who migrates 190 miles from his “state …