scholarly journals Tighter Credit and Consumer Bankruptcy Insurance

2021 ◽  
Author(s):  
Caterina Mendicino
Keyword(s):  
Consumer Bankruptcy

scholarly journals Race and Bankruptcy: Explaining Racial Disparities in Consumer Bankruptcy

2020 ◽  
Vol 63 (2) ◽  
pp. 269-295 ◽  
Author(s):  
Edward R. Morrison ◽  
Belisa Pang ◽  
Antoine Uettwiller
Keyword(s):  
Racial Disparities ◽  
Consumer Bankruptcy

scholarly journals Debt Relief and Debtor Outcomes: Measuring the Effects of Consumer Bankruptcy Protection

2015 ◽  
Vol 105 (3) ◽  
pp. 1272-1311 ◽  
Author(s):  
Will Dobbie ◽  
Jae Song
Keyword(s):  
United States ◽  
Social Insurance ◽  
The United States ◽  
Debt Relief ◽  
Random Assignment ◽  
Percentage Points ◽  
Consumer Bankruptcy ◽  
Annual Earnings ◽  
The Impact

Consumer bankruptcy is one of the largest social insurance programs in the United States, but little is known about its impact on debtors. We use 500,000 bankruptcy filings matched to administrative tax and foreclosure data to estimate the impact of Chapter 13 bankruptcy protection on subsequent outcomes. Exploiting the random assignment of bankruptcy filings to judges, we find that Chapter 13 protection increases annual earnings by $5,562, decreases five-year mortality by 1.2 percentage points, and decreases five-year foreclo-sure rates by 19.1 percentage points. These results come primarily from the deterioration of outcomes among dismissed filers, not gains by granted filers. (JEL D14, I12, J22, J31, K35)

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