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Seismic effects of the bankruptcy reform
Morgan, Donald P.; Iverson, Benjamin; Botsch, Matthew - 2009 - Rev.
We argue that the 2005 bankruptcy abuse reform (BAR) contributed to the surge in subprime foreclosures that followed its passage. Before BAR, over-indebted mortgagors could free up income to pay the mortgage by filing bankruptcy and having their unsecured debts discharged. BAR blocks that...
Persistent link: https://www.econbiz.de/10003812548
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Probleme des Insolvenzplanverfahrens
Henselmann, Klaus; Gutbier, Manuel - 2010
The paper analyses options in case of insolvency. Although insolvency plans empirically are very successful, they are …. -- Insolvenz ; Insolvenzplan ; Insolvenzverwalter ; Planinitiativrecht ; Gläubigerversammlung ; Entscheidungssituation ; Pre …-Packaged-Plan ; Eigenverwaltung ; insolvency ; bankruptcy code ; liquidation ; liquidator ; insolvency plan ; chapter 11 plan ; Pre-Packaged-Plan …
Persistent link: https://www.econbiz.de/10003948384
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Who invests in home equity to exempt wealth from bankruptcy?
Corradin, Stefano; Gropp, Reint; Huizinga, Harry - 2011
Homestead exemptions to personal bankruptcy allow households to retain their home equity up to a limit determined at the state level. Households that may experience bankruptcy thus have an incentive to bias their portfolios towards home equity. Using US household data from the Survey of Income...
Persistent link: https://www.econbiz.de/10009006623
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Personal bankcuptcy law, wealth and entrepreneurship : theory and evidence from the introduction of a "fresh start"
Fossen, Frank M. - 2011
entrepreneurship. -- Personal bankruptcy law ; insolvency ; entrepreneurship ; fresh start …
Persistent link: https://www.econbiz.de/10009008042
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Personal bankruptcy law, wealth and entrepreneurship : theory and evidence from the introduction of a "fresh start“
Fossen, Frank M. - 2011
entrepreneurship. -- Personal bankruptcy law ; insolvency ; entrepreneurship ; fresh start …
Persistent link: https://www.econbiz.de/10009308943
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Better winding up : a proposal for improved winding up of executory contracts
Dilger, Alexander - 2015
An evaluation problem exists when winding up executory contracts in case of insolvency. The trustee has difficulties in …Bei der Abwicklung schwebender Verträge in der Insolvenz gibt es ein Bewertungsproblem. Der Insolvenzverwalter hat bei …
Persistent link: https://www.econbiz.de/10010526693
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Who invests in home equity to exempt wealth from bankruptcy?
Corradin, Stefano; Gropp, Reint; Huizinga, Harry; … - 2013 - This draft: May 2013
Homestead exemptions to personal bankruptcy allow households to retain their home equity up to a limit determined at the state level. Households that may experience bankruptcy thus have an incentive to bias their portfolios towards home equity. Using US household data for the period 1996 to...
Persistent link: https://www.econbiz.de/10010225805
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Using bankruptcy to reduce foreclosures : does strip-down of mortgages affect the supply of mortgage credit?
Li, Wenli; Ishani, Tewari; White, Michelle J. - 2014 - Current version: February 2014
We assess the credit market impact of allowing mortgage "strip-down" as a foreclosure-prevention measure, where strip-down reduces the principal of underwater residential mortgages to the current market value of the property for homeowners in Chapter 13 bankruptcy. Our identification is provided...
Persistent link: https://www.econbiz.de/10010337629
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Auto credit and the 2005 Bankruptcy Reform : the impact of eliminating cramdowns
Chakrabarti, Rajashri; Pattison, Nathaniel - 2016
Auto lenders were perhaps the biggest winners of the 2005 Bankruptcy Reform. Cars depreciate quickly, so borrowers often owe more than their car is worth. Prior to the Reform, these borrowers could reduce the principal on their auto loan to the market value of the car through a "cramdown" in...
Persistent link: https://www.econbiz.de/10011547738
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The democratization of credit and the rise in consumer bankruptcies
Livshits, Igor; MacGee, James; Tertilt, Michele - 2014
Financial innovations are a common explanation for the rise in credit card debt and bankruptcies. To evaluate this story, we develop a simple model that incorporates two key frictions: asymmetric information about borrowers' risk of default and a fixed cost of developing each contract lenders...
Persistent link: https://www.econbiz.de/10011490464