Focusing on home owners, the paper discusses the reduction in a household’s credit access due to bankruptcy filing and … its two effects that may deter a household from filing for bankruptcy. Empirical evidence presented in the paper suggests … that a household with a bankruptcy record is about 30% more likely to lose home ownership and consequently the mortgage …

conflicting goals---mitigating systemic risk, which is thought to emerge when large financial firms enter the bankruptcy process … bailout to save them from bankruptcy and prevent systemic problems. In this article, we review the features of both bankruptcy … features of bankruptcy when resolving systemically important financial institutions, and specifically, how these provisions …

On July 18, 2013, Detroit became the largest municipality to seek protection under Chapter 9 of the U.S. Bankruptcy … Code. This article describes several ways in which Detroit’s bankruptcy filing has the potential to alter some of the key …

Medical illness and medical bills will continue to be leading causes of personal bankruptcy in the United States, even …

that receives relatively little media attention is household bankruptcy. While bankruptcy, particularly Chapter 7 … bankruptcy, offers a fresh financial start to the petitioner, certain types of obligations, such as child support, tax liens, and … security interests in automobiles and homes, remain the responsibility of the petitioner (i.e., the person seeking bankruptcy …

On October 17, 2005, a major U.S. federal bankruptcy reform law took effect. This change (the Bankruptcy Abuse … Prevention and Consumer Protection Act of 2005, a.k.a. the Bankruptcy Reform Act of 2005) had been over 10 years in the making … regulators and others. This act amended the 1978 bankruptcy code, and was the most significant and sweeping change since that …