skip to content
Saving your home in Chapter 13 bankruptcy Preview this item
ClosePreview this item
Checking...

Saving your home in Chapter 13 bankruptcy

Author: Michelle J White; Ning S Zhu; National Bureau of Economic Research.
Publisher: Cambridge, Mass. : National Bureau of Economic Research, 2008.
Series: Working paper series (National Bureau of Economic Research), no. 14179.
Edition/Format:   eBook : Document : EnglishView all editions and formats
Database:WorldCat
Summary:
This paper examines how filing for bankruptcy under Chapter 13 helps financially distressed debtors save their homes. Filing under Chapter 13 stops lenders from foreclosing and gives debtors extra time to repay mortgage arrears, but does not reduce the total amount owed. We develop a model of debtors' decisions to default on their mortgages and file for bankruptcy and we evaluate it using a new dataset of debtors  Read more...
Rating:

(not yet rated) 0 with reviews - Be the first.

Subjects
More like this

 

Find a copy online

Links to this item

Find a copy in the library

&AllPage.SpinnerRetrieving; Finding libraries that hold this item...

Details

Additional Physical Format: Print version:
White, Michelle J.
Saving your home in Chapter 13 bankruptcy.
Cambridge, Mass. : National Bureau of Economic Research, 2008
(DLC) 2008610996
Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Michelle J White; Ning S Zhu; National Bureau of Economic Research.
OCLC Number: 234287783
Description: 1 online resource (1 volume).
Series Title: Working paper series (National Bureau of Economic Research), no. 14179.
Responsibility: Michelle J. White, Ning Zhu.

Abstract:

This paper examines how filing for bankruptcy under Chapter 13 helps financially distressed debtors save their homes. Filing under Chapter 13 stops lenders from foreclosing and gives debtors extra time to repay mortgage arrears, but does not reduce the total amount owed. We develop a model of debtors' decisions to default on their mortgages and file for bankruptcy and we evaluate it using a new dataset of debtors who filed for bankruptcy under Chapter 13 in 2006. We also examine the effect of allowing "strip-down" of residential mortgages in Chapter 13, so that bankruptcy judges could reduce the total amount owed. The paper documents that 96% of Chapter 13 filers are homeowners and that more than 90% of Chapter 13 plans involve repayment of mortgages or car loans. The model predicts that introducing strip-down would allow an additional 100,000 debtors to save their homes each year.

Reviews

User-contributed reviews
Retrieving GoodReads reviews...
Retrieving DOGObooks reviews...

Tags

Be the first.
Confirm this request

You may have already requested this item. Please select Ok if you would like to proceed with this request anyway.

Linked Data


Primary Entity

<http://www.worldcat.org/oclc/234287783> # Saving your home in Chapter 13 bankruptcy
    a schema:CreativeWork, schema:MediaObject, schema:Book ;
   library:oclcnum "234287783" ;
   library:placeOfPublication <http://experiment.worldcat.org/entity/work/data/140224604#Place/cambridge_mass> ; # Cambridge, Mass.
   library:placeOfPublication <http://id.loc.gov/vocabulary/countries/mau> ;
   schema:about <http://dewey.info/class/330/> ;
   schema:about <http://id.worldcat.org/fast/1026642> ; # Mortgages
   schema:about <http://id.worldcat.org/fast/931742> ; # Foreclosure
   schema:about <http://id.loc.gov/authorities/subjects/sh2008107953> ; # Mortgages--United States
   schema:about <http://id.worldcat.org/fast/1204155> ; # United States.
   schema:about <http://id.loc.gov/authorities/subjects/sh2007101807> ; # Bankruptcy--United States
   schema:about <http://id.loc.gov/authorities/subjects/sh2008104012> ; # Foreclosure--United States
   schema:about <http://id.worldcat.org/fast/826826> ; # Bankruptcy
   schema:bookFormat schema:EBook ;
   schema:contributor <http://viaf.org/viaf/135446122> ; # National Bureau of Economic Research.
   schema:contributor <http://viaf.org/viaf/9421394> ; # Ning S. Zhu
   schema:creator <http://viaf.org/viaf/3014741> ; # Michelle J. White
   schema:datePublished "2008" ;
   schema:description "This paper examines how filing for bankruptcy under Chapter 13 helps financially distressed debtors save their homes. Filing under Chapter 13 stops lenders from foreclosing and gives debtors extra time to repay mortgage arrears, but does not reduce the total amount owed. We develop a model of debtors' decisions to default on their mortgages and file for bankruptcy and we evaluate it using a new dataset of debtors who filed for bankruptcy under Chapter 13 in 2006. We also examine the effect of allowing "strip-down" of residential mortgages in Chapter 13, so that bankruptcy judges could reduce the total amount owed. The paper documents that 96% of Chapter 13 filers are homeowners and that more than 90% of Chapter 13 plans involve repayment of mortgages or car loans. The model predicts that introducing strip-down would allow an additional 100,000 debtors to save their homes each year."@en ;
   schema:exampleOfWork <http://worldcat.org/entity/work/id/140224604> ;
   schema:inLanguage "en" ;
   schema:isPartOf <http://experiment.worldcat.org/entity/work/data/140224604#Series/nber_working_paper_series> ; # NBER working paper series ;
   schema:isPartOf <http://experiment.worldcat.org/entity/work/data/140224604#Series/working_paper_series_national_bureau_of_economic_research> ; # Working paper series (National Bureau of Economic Research) ;
   schema:isSimilarTo <http://worldcat.org/entity/work/data/140224604#CreativeWork/saving_your_home_in_chapter_13_bankruptcy> ;
   schema:name "Saving your home in Chapter 13 bankruptcy"@en ;
   schema:productID "234287783" ;
   schema:publication <http://www.worldcat.org/title/-/oclc/234287783#PublicationEvent/cambridge_mass_national_bureau_of_economic_research_2008> ;
   schema:publisher <http://experiment.worldcat.org/entity/work/data/140224604#Agent/national_bureau_of_economic_research> ; # National Bureau of Economic Research
   schema:url <http://ezproxy.eui.eu/login?url=http://papers.nber.org/papers/> ;
   schema:url <http://papers.nber.org/papers/w14179> ;
   wdrs:describedby <http://www.worldcat.org/title/-/oclc/234287783> ;
    .


Related Entities

<http://experiment.worldcat.org/entity/work/data/140224604#Agent/national_bureau_of_economic_research> # National Bureau of Economic Research
    a bgn:Agent ;
   schema:name "National Bureau of Economic Research" ;
    .

<http://experiment.worldcat.org/entity/work/data/140224604#Place/cambridge_mass> # Cambridge, Mass.
    a schema:Place ;
   schema:name "Cambridge, Mass." ;
    .

<http://experiment.worldcat.org/entity/work/data/140224604#Series/nber_working_paper_series> # NBER working paper series ;
    a bgn:PublicationSeries ;
   schema:hasPart <http://www.worldcat.org/oclc/234287783> ; # Saving your home in Chapter 13 bankruptcy
   schema:name "NBER working paper series ;" ;
    .

<http://experiment.worldcat.org/entity/work/data/140224604#Series/working_paper_series_national_bureau_of_economic_research> # Working paper series (National Bureau of Economic Research) ;
    a bgn:PublicationSeries ;
   schema:hasPart <http://www.worldcat.org/oclc/234287783> ; # Saving your home in Chapter 13 bankruptcy
   schema:name "Working paper series (National Bureau of Economic Research) ;" ;
    .

<http://id.loc.gov/authorities/subjects/sh2007101807> # Bankruptcy--United States
    a schema:Intangible ;
   schema:name "Bankruptcy--United States"@en ;
    .

<http://id.loc.gov/authorities/subjects/sh2008104012> # Foreclosure--United States
    a schema:Intangible ;
   schema:name "Foreclosure--United States"@en ;
    .

<http://id.loc.gov/authorities/subjects/sh2008107953> # Mortgages--United States
    a schema:Intangible ;
   schema:name "Mortgages--United States"@en ;
    .

<http://id.worldcat.org/fast/1026642> # Mortgages
    a schema:Intangible ;
   schema:name "Mortgages"@en ;
    .

<http://id.worldcat.org/fast/1204155> # United States.
    a schema:Place ;
   schema:name "United States." ;
    .

<http://id.worldcat.org/fast/826826> # Bankruptcy
    a schema:Intangible ;
   schema:name "Bankruptcy"@en ;
    .

<http://id.worldcat.org/fast/931742> # Foreclosure
    a schema:Intangible ;
   schema:name "Foreclosure"@en ;
    .

<http://viaf.org/viaf/135446122> # National Bureau of Economic Research.
    a schema:Organization ;
   schema:name "National Bureau of Economic Research." ;
    .

<http://viaf.org/viaf/3014741> # Michelle J. White
    a schema:Person ;
   schema:familyName "White" ;
   schema:givenName "Michelle J." ;
   schema:name "Michelle J. White" ;
    .

<http://viaf.org/viaf/9421394> # Ning S. Zhu
    a schema:Person ;
   schema:familyName "Zhu" ;
   schema:givenName "Ning S." ;
   schema:name "Ning S. Zhu" ;
    .

<http://worldcat.org/entity/work/data/140224604#CreativeWork/saving_your_home_in_chapter_13_bankruptcy>
    a schema:CreativeWork ;
   rdfs:label "Saving your home in Chapter 13 bankruptcy." ;
   schema:description "Print version:" ;
   schema:isSimilarTo <http://www.worldcat.org/oclc/234287783> ; # Saving your home in Chapter 13 bankruptcy
    .


Content-negotiable representations

Close Window

Please sign in to WorldCat 

Don't have an account? You can easily create a free account.