). 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-default … importance of regulation of credit distribution to avoid both entering into bankruptcy and re-filing for bankruptcy. …

). 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-default … importance of regulation of credit distribution to avoid both entering into bankruptcy and re-filing for bankruptcy. …

decision on the creditors' recovery rate, the household's re-default rate and the net benefit of the treatment, defined as the …

). 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-default … importance of regulation of credit distribution to avoid both entering into bankruptcy and re-filing for bankruptcy …

Since 1976, Congress has progressively amended the bankruptcy laws to treat some types of student loans differently … in bankruptcy. Proponents of this change argued that it was necessary to prevent strategic borrower behavior and reduce …-Oaxaca, matching, and difference-in-difference methods. We find that both opponents and proponents of bankruptcy reform were wrong …

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 …

How do job losers use default -- a phenomenon 6x more prevalent than bankruptcy -- as a type of "informal" unemployment … facts: (i) job loss is the main reason for default, not negative equity (ii) people default because they are credit …

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