Arbeitspapier
The impact of bankruptcy reform on insolvency choice and consumer credit
We examine the impact of the 2009 amendments to the Canadian Bankruptcy and Insolvency Act on insolvency decisions. Rule changes steered debtors out of division I proposals and into the more cost-effective division II proposals. This also led to a significant substitution out of bankruptcies and into proposals. Using credit bureau data on credit card limits we test, but do not find, any evidence that this substitution into more creditor-friendly insolvencies had any impact on average lending behavior, either immediately following the amendments or up to six years removed.
- Sprache
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Englisch
- Erschienen in
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Series: Bank of Canada Staff Working Paper ; No. 2016-26
- Klassifikation
-
Wirtschaft
Household Saving; Personal Finance
Personal Bankruptcy Law
- Thema
-
Financial system regulation and policies
Financial institutions
Credit and credit aggregates
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Allen, Jason
Basiri, Kiana
- Ereignis
-
Veröffentlichung
- (wer)
-
Bank of Canada
- (wo)
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Ottawa
- (wann)
-
2016
- DOI
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doi:10.34989/swp-2016-26
- Handle
- Letzte Aktualisierung
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10.03.2025, 11:41 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Allen, Jason
- Basiri, Kiana
- Bank of Canada
Entstanden
- 2016
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