Zhu, Ning - School of Management, Yale University - 2003
This paper offers large sample evidence on bankruptcy costs for more than 800 Chapter 7 and Chapter 11 cases in two U … about 23 months, also similar between Chapter 7 and Chapter 11 cases. Contrary to previous belief, Chapter 7 procedure …, which is essentially a cash auction system, is not particularly economical or timesaving than Chapter 11 procedure. Firms …