The recent availability of Chapter 12 bankruptcy and the more frequent use of lender liability suits by borrowers are … process. Lender liability has marginal significance in lowering the probability of granting an intermediate term loan. …

During the last decade, there was a growing body of case law of lender liability in the United States and France. This … management of commercial firms. This article explores the consequences of this doctrine of lender liability. We ask three … liability? Is the lender liability doctrine efficient? …

environmentally hazardous materials generated by its borrowing firm. Such a liability rule, so-called lender liability, is applied to … lender liability does not necessarily lead to the first-best allocation if the cleanup cost per material depends on an agent … show that lender liability can lead to the first-best allocation if the bank captures the firm's control right before the …