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Diane Publishing Books
Seismic Effects of the Bankruptcy Reform (rev. ed.)
Donald P. Morgan (au); Benjamin Iverson (au); Matthew Botsch (au)
The 2005 Bankruptcy Abuse Reform (BAR) act 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 maneuver for better-off filers by way of a means test. Identifies the effects of BAR using state home equity bankruptcy exemptions; filers in low-exemption states were not very protected before BAR, so they would be less affected by the reform. Regressions confirm four predictions implied by that identification strategy. Adds to research trying to explain the surge in subprime foreclosures and to a broader literature on household bankruptcy demand and credit supply. Illustrations.
Natural Beauty Care with Flowers & Plants: A Magna Colour Guide
Small Sects in America (rev. ed.)
Woman’s Guide to Making Therapy Work
Embracing Defeat: Japan in the Wake of World War II
Sale Price: $15.00
Reading from the Heart: Women, Literature & the Search for True Love
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