Why It Pays to File for Bankruptcy: A Critical Look at Incentives Under U.S. Bankruptcy Laws and A Proposal for Change

M.J. White

Working Papers from Michigan - Center for Research on Economic & Social Theory

Abstract: This article rst examines the economic justication for having a personal bankruptcy procedure at all. I argue that it is economically worthwhile to have a bankruptcy pro- cedure, but that costs rise more quickly than benets as the exemption level increases.

Keywords: BANKRUPTCY; DECISION MAKING (search for similar items in EconPapers)
JEL-codes: G30 G33 (search for similar items in EconPapers)
Pages: 37 pages
Date: 1998
References: Add references at CitEc
Citations: View citations in EconPapers (14)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fth:michet:98-02

Access Statistics for this paper

More papers in Working Papers from Michigan - Center for Research on Economic & Social Theory UNIVERSITY OF MICHIGAN, DEPARTMENT OF ECONOMICS CENTER FOR RESEARCH ON ECONOMIC AND SOCIAL THEORY, ANN ARBOR MICHIGAN U.S.A..
Bibliographic data for series maintained by Thomas Krichel ().