"This paper surveys research on the economics of corporate and personal bankruptcy law. Since the literatures on the two types of bankruptcy have developed in isolation of each other, a goal of the survey is to draw out parallels between them. Both theoretical and empirical research are...

The first three years of operation of the new Russian personal bankruptcy procedure reveal a troubling flaw common to such new regimes: While the law on the books suggests a permissive and effective relief delivery procedure, the law in action has seen the vast majority of debtors barred from...