FRANKS, JULIAN R.; TOROUS, WALTER N. - In: Journal of Finance 44 (1989) 3, pp. 747-769
type="main" xml:lang="en" <title type="main">ABSTRACT</title> <p>The purpose of this paper is to understand the institutional features of Chapter 11 from an empirical examination of thirty firms that have emerged from reorganization. We find the recontracting framework of Chapter 11 to be complex, lengthy, and costly....</p>