Who Files for Bankruptcy? State Laws and the Characteristics of Bankrupt Households

Miller, Michelle M.

doi:10.2139/ssrn.1983371

Cited by 11 publications

(13 citation statements)

References 0 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…First, the average limit in the treatment group is lower than in the control group, both before and after the 2009 BIA amendments. This is different than Miller (2011), who finds lower levels of unsecured credit in highversus low-asset exemption states. The argument in that paper is that higher interest rates on unsecured debt arising from higher exemption levels leads to less borrowing.…”

Section: Controlcontrasting

confidence: 80%

The Impact of Bankruptcy Reform on Insolvency Choice and Consumer Credit

Allen

Basiri

2016

SSRN Journal

View full text Add to dashboard Cite

Section: Controlcontrasting

confidence: 80%

The Impact of Bankruptcy Reform on Insolvency Choice and Consumer Credit

Allen

Basiri

2016

SSRN Journal

View full text Add to dashboard Cite

“…These results are consistent with Stanley and Girth (), Caplovitz (), and Hynes (), all of which find little overlap between bankrupt debtors and households that have been sued by their creditors. This lack of overlap confirms that many defaulting debtors choose informal bankruptcy (simply refusing to repay their debts) instead of formal bankruptcy (Dawsey & Ausubel ; Miller ).…”

Section: Estimationmentioning

confidence: 89%

Social Networks and Personal Bankruptcy

Miller¹

2015

J Empirical Legal Studies

Self Cite

View full text Add to dashboard Cite

While social networks have been examined in the context of many economic decisions, this study is the first to examine the role of social networks in a household's bankruptcy decision. Networks may affect a household's bankruptcy decision in many ways: they could provide information about the required paperwork, recommend an attorney, reduce the stigma associated with bankruptcy, or increase awareness of its benefits. Using data from the Panel Study of Income Dynamics (PSID), I exploit county and racial variation to identify network effects ---my empirical strategy asks whether being surrounded by others of the same race increases bankruptcy use more for those in racial groups with high filing rates. This methodology allows me to include both county-year and racial group fixed effects in my regressions. The results strongly confirm the importance of networks in a household's bankruptcy decision. I would like to thank

show abstract

“…To capture the general movement in bankruptcy rates during and after recessions, we will assume commonality in the states' experiences 5 Lefgren and McIntyre (2009) provide explanations for the cross-state differences. See also Miller (2009), who looks at how state laws affect who files for bankruptcy.…”

Section: State Bankruptcy Ratesmentioning

confidence: 99%

Personal-Bankruptcy Cycles

Garrett

Wall

2013

Macroecon. Dynam.

View full text Add to dashboard Cite

This paper estimates the dynamics of the personal-bankruptcy rate over the business cycle by exploiting large cross-state variation. We find that bankruptcy rates are significantly higher than normal during a recession and rise as a recession persists. After a recession ends, there is a hangover whereby bankruptcy rates begin to fall but remain above normal for several more quarters. Recovery periods see a strong bounce-back effect with bankruptcy rates significantly below normal for several quarters. Despite the significant increases in bankruptcies during recessions, the largest contributor to rising bankruptcies during these periods has tended to be the longstanding upward trend. JEL: K35, D14, E32

show abstract

Who Files for Bankruptcy? State Laws and the Characteristics of Bankrupt Households

Cited by 11 publications

References 0 publications

The Impact of Bankruptcy Reform on Insolvency Choice and Consumer Credit

The Impact of Bankruptcy Reform on Insolvency Choice and Consumer Credit

Social Networks and Personal Bankruptcy

Personal-Bankruptcy Cycles

Contact Info

Product

Resources

About