• DOI:10.1093/ALER/AHP002
Corpus ID: 34474008

Bankruptcy: Past Puzzles, Recent Reforms, and the Mortgage Crisis

@article{White2008BankruptcyPP,
  title={Bankruptcy: Past Puzzles, Recent Reforms, and the Mortgage Crisis},
  author={M. White},
  journal={NBER Working Paper Series},
  year={2008}
}

M. White

Published 2008

Business, Economics

NBER Working Paper Series

This paper discusses four bankruptcy-related policy issues. First, what is the economic rationale for having a bankruptcy procedure at all and what defines an economically efficient bankruptcy procedure? Second, why did the number of U.S. bankruptcy filings increase so dramatically between 1980 and 2005? Third, a major bankruptcy reform went into effect in the U.S. in 2005--what did it do and how did it affect credit and mortgage markets? Finally, the paper discusses the mortgage crisis, the… CONTINUE READING

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