EconPapers    
Economics at your fingertips  
 

An Equilibrium Model of the Timing of Bankruptcy Filings

Satyajit Chatterjee ()

No 487, 2015 Meeting Papers from Society for Economic Dynamics

Abstract: Existing quantitative-theoretic models of bankruptcy do not make a distinction between bankruptcy and default. In reality, there is always a period of financial distress between default and a bankruptcy filing. The goal of this paper is to develop a model of the timing of bankruptcy filing that can account for financial distress (the period or state during which a delinquent debtor is being pursued by creditors) and informal bankruptcy (where a delinquent debtor does not file for bankruptcy but neither does she repay or be pursued by creditors). The model is used to shed light on time variation in the rate of bankruptcy filings during the last 25 years.

New Economics Papers: this item is included in nep-dge
Date: 2015
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
https://economicdynamics.org/meetpapers/2015/paper_487.pdf (application/pdf)

Related works:
Working Paper: An Equilibrium Model of the Timing of Bankruptcy Filings (2010)
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:red:sed015:487

Access Statistics for this paper

More papers in 2015 Meeting Papers from Society for Economic Dynamics Society for Economic Dynamics Marina Azzimonti Department of Economics Stonybrook University 10 Nicolls Road Stonybrook NY 11790 USA. Contact information at EDIRC.
Bibliographic data for series maintained by Christian Zimmermann ().

 
Page updated 2019-04-03
Handle: RePEc:red:sed015:487