Author: Publisher:
ISBN:
Category : Bankruptcy
Languages : en
Pages : 134
Book Description
Economic Aspects of Personal Bankruptcy
Author: Economic Aspects of Personal Bankruptcy
Author: Economic aspects of personal bankruptcy
Author: An Analysis of Economic and Personal Factors Leading to Consumer Bankruptcy
Author: Robert DolphinEconomic Factors Associated with Personal Bankruptcy
Author: A. Charlene SullivanPublisher:
ISBN:
Category : Bankruptcy
Languages : en
Pages : 56
Book Description
Personal Bankruptcy Law
Author: Eva-Maria SteigerPublisher: Deutscher Universitätsverlag
ISBN: 9783824483440
Category : Business & Economics
Languages : en
Pages : 117
Book Description
Eva-Maria Steiger classifies the mechanisms triggered by U.S. and European consumer bankruptcy regulations and tests them within a hidden action model. She identifies an influence on consumer effort choice at two dates - prior to distress and post filing -, appraises the capacity of the regulations to implement the efficient choice at both dates, and proposes a regulation to mitigate the identified distortions.
The Economics of Personal Bankruptcy
Author: Frederick LinkPublisher:
ISBN:
Category :
Languages : en
Pages : 183
Book Description
(Cont.) Chapter 3 considers the effect of bankruptcy law on credit markets with asymmetric information. I find that the possibility to receive a discharge of debt provided by bankruptcy law may cause consumers to distort their borrowing choices. Optimal exemption levels balance costs due to distortions in borrowing with benefits associated with increases in insurance. Chapter 4 presents a model of the effect of bankruptcy law on incentives to work. I find that increasing exemption levels may either increase or decrease incentives to work or to take risk. Chapter 5 examines the effect of exemption levels on household borrowing. I find that increasing personal property exemption levels are associated with higher levels of home mortgage debt and decreased probabilities that non-homeowners have greater than $50,000 in debt. Homestead exemptions are negatively associated with homeownership. Chapter 6 finds that personal property exemption levels are positively related to bankruptcy filing rates.
An Empirical Analysis of Personal Bankruptcy and Delinquency
Author: David B. GrossPublisher:
ISBN:
Category : Bankruptcy
Languages : en
Pages : 66
Book Description
This paper uses a new panel data set of credit card accounts to analyze credit card delinquency, personal bankruptcy, and the stability of credit risk models. We estimate duration models for default and assess the relative importance of different variables in predicting default. We investigate how the propensity to default has changed over time, disentangling the two leading explanations for the recent increase in default rates - a deterioration in the risk - composition of borrowers versus an increase in borrowers' willingness to default due to declines in default costs, including social, information, and legal costs. Even after controlling for risk-composition and other economic fundamentals, the propensity to default significantly increased between 1995 and 1997. By contrast, increases in credit limits and other changes in risk-composition explain only a small part of the change in default rates. Standard default models appear to have missed an important time-varying default factor, consistent with a decline in default costs.
Personal Bankruptcy Law
Author: Eva-Maria SteigerPublisher: Deutscher Universitätsverlag
ISBN: 9783322819659
Category : Business & Economics
Languages : en
Pages : 0
Book Description
Eva-Maria Steiger classifies the mechanisms triggered by U.S. and European consumer bankruptcy regulations and tests them within a hidden action model. She identifies an influence on consumer effort choice at two dates - prior to distress and post filing -, appraises the capacity of the regulations to implement the efficient choice at both dates, and proposes a regulation to mitigate the identified distortions.
One Million Personal Bankruptcies a Year
Author: Mark JicklingPublisher:
ISBN:
Category : Bankruptcy
Languages : en
Pages : 16
Book Description