Effects of the BAPCPA on the chapter composition of consumer bankruptcies

Christopher Cornwell and Bing Xu

Economics Letters, 2014, vol. 124, issue 3, 439-442

Abstract: The 2005 Bankruptcy Abuse Prevention and Consumer Protection Act limited homestead exemptions and imposed means test to discourage petitioners seeking financial benefits. We find that these restrictions were effective in steering petitioners away from Chapter 7 filings and into Chapter 13.

Keywords: Bankruptcy; BAPCPA; Homestead exemption; Means test (search for similar items in EconPapers)
JEL-codes: D14 K35 R21 (search for similar items in EconPapers)
Date: 2014
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:124:y:2014:i:3:p:439-442

DOI: 10.1016/j.econlet.2014.07.009

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