Eraslan, Hulya (contributor) - 2002 - [Elektronische Ressource]
with business failures. Under the Code, a bankrupt
firm can either liquidate (Chapter 7), or try to reorganize and continue … in Chapter 11 business reorganizations. The
purpose of this paper is to take a first step in this direction by developing … business is typically entirely
owned by the management. Thus, the management’s incentives and bargaining power can
be …