Out-of-Court Debt Restructuring

This study provides a conceptual framework for the analysis of the questions of out-of-court debt restructuring from a policy-oriented perspective. The starting point of the analysis is given by the World Bank Principles for Effective Insolvency and Creditor Rights Systems.The study offers an overview of out-of-court restructuring, which is not seen as fundamentally opposed to formal insolvency procedures. Actually, the study contemplates different restructuring techniques as forming a continuum to the treatment of financial difficulties. Thus, from the purely contractual - or informal - arran

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Year of publication:	2012
Authors:	Worldbank
Publisher:	Washington : World Bank Publications
Subject:	Umschuldung \| Debt restructuring \| Insolvenz \| Insolvency \| Verbindlichkeiten \| Corporate debt \| Öffentliche Schulden \| Public debt \| Schuldenmanagement \| Debt management \| Unternehmensfinanzierung \| Corporate finance \| Schulden \| Debt \| Welt \| World
Description of contents:	Table of Contents [external.dandelon.com]

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Extent:	Online-Ressource (76 p.)
Series:	World Bank studies World Bank Study
Type of publication:	Book / Working Paper
Language:	English
Notes:	Description based upon print version of record Contents; Foreword; Acknowledgments; Abstract; About The Author; I. Background to Out-of-Court Debt Restructuring; 1. Introduction; 2. Relations Between Informal and Formal Insolvency Procedures; 3. Pre-Conditions for Debt Restructurings; 4. Advantages and Disadvantages of Informal Procedures; II. Enabling Legislative Framework; 1. General Conditions of an Enabling Framework; 2. Other Legislative Provisions For an Enabling Framework; III. Informal Workout Procedure; 1. Introduction; 2. Contractual Workouts; 3. Enhanced Restructurings; 4. Hybrid Procedures 5. Relationships Between Out-of-Court Procedures and Formal Insolvency Procedures6. Systemic Crises and Debt Restructuring: Decentralized and Centralized Approaches; IV. Conclusion: A Policy Agenda for Out-of-Court Debt Restructurings; Figures; Figure 1.1: The continuum of procedures for the treatment of financial difficulties; Figure 1.2: Overlapping relations between out-of- court restructurings and formal insolvency proceedings; Tables; Table 2.1: Checklist for tax regulation issues in corporate restructurings Table 2.2: List of elements of a legal system to be assessed to verify the existence of obstacles and incentives for out-of-court restructurings
ISBN:	978-0-8213-8983-6 ; 978-0-8213-8956-0 ; 978-0-8213-8983-6
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10012676599