This survey discusses recent contributions to the quantitative literature on unsecured
consumer debt and default, and some ongoing challenges for the literature. Key topics …

A large body of literature has examined factors leading to filing for personal bankruptcy, but
little is known about household borrowing after bankruptcy. This paper augments the …

This paper studies the role of job displacement in the household bankruptcy decision. Using
an event-study methodology, I find that NLSY respondents are over three times more likely …

ABSTRACT The 2005 Bankruptcy Abuse Prevention and Consumer Protection Act
(BAPCPA) is the most important reform of personal bankruptcy in the United States in recent …

This paper examines how filing for bankruptcy under Chapter 13 helps financially distressed
homeowners. We develop a model of debtors' decisions to default on their mortgages and …

This paper questions several long-standing descriptions of consumer bankruptcy in the
United States. We focus on Chapter 13, which discharges debts after consumers pay …

In this paper we examine the relationship between homeowners' bankruptcy decisions and
their mortgage default decisions and the relationship between homeowners' bankruptcy …

Part two of this series deals with the rights and duties of both creditors and debtors in the
bankruptcy process, dealing with Chapter 7 Liquidation Proceedings, Chapter 11 …

The Chapter 7 bankruptcy code was motivated by the notion of a “fresh start,” which was
justified in part by the Supreme Court on the grounds that it would encourage work …

This article provides the first indepth analysis of the homeownership experience of
homeowners in bankruptcy. These homeowners are typically seriously delinquent on their …