run-up in debt during the bubble period of the early 2000s, the change in borrowing behavior that took place as the …Since the onset of the 2008 financial crisis, consumer financial and borrowing behavior, once considered a relatively … the Great Recession, there was a historic run-up in household debt, driven primarily by housing debt, which coincided with …

We study how forcing financially distressed consumer debtors to repay a larger fraction of debt can lead them to …. Finally, we find that those debtors who misreported income had a lower probability of default on their debt repayment plans …