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Different approaches to bankruptcy
Hart, Oliver - In: CESifo DICE Report 04 (2006) 1, pp. 3-8
Persistent link: https://www.econbiz.de/10011696570
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Debt Enforcement Around the World
Djankov, Simeon - 2010
We present insolvency practitioners from 88 countries with an identical case of a hotel about to default on its debt, and ask them to describe in detail how debt enforcement against this hotel will proceed in their countries. We use the data on time, cost, and the likely disposition of the...
Persistent link: https://www.econbiz.de/10012760474
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Different Approaches to Bankruptcy
Hart, Oliver - 2010
have turned their attention to the topic of bankruptcy. A large amount of work has resulted, both theoretical and empirical …, some of which has been concerned with the functioning of existing bankruptcy procedures and some with bankruptcy reform …, e.g., the goals of bankruptcy and some of the characteristics of an efficient bankruptcy procedure. This paper …
Persistent link: https://www.econbiz.de/10012763296
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Default and Renegotiation : A Dynamic Model of Debt
Hart, Oliver; Moore, John - 2021
We analyze the role of debt in persuading an entrepreneur to pay out cash flows, rather than to divert them. In the first part of the paper we study the optimal debt contract -- specifically, the trade-off between the size of the loan and the repayment -- under the assumption that some debt...
Persistent link: https://www.econbiz.de/10013215359
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The Economics of Bankruptcy Reform
Aghion, Philippe; Hart, Oliver; Moore, John - 2021
We propose a new bankruptcy procedure. Initially, a firm's debts are cancelled, and cash and non-cash bids are …
Persistent link: https://www.econbiz.de/10013240544
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Debt Enforcement around the World
Djankov, Simeon; Hart, Oliver; McLiesh, Caralee - 2008
Insolvency practitioners from 88 countries describe how debt enforcement will proceed against an identical hotel about to default on its debt. We use the data on time, cost, and the likely disposition of the assets (preservation as a going concern vs. piecemeal sale) to construct a measure of...
Persistent link: https://www.econbiz.de/10012562526
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Debt Enforcement Around the World
Djankov, Simeon - 2006
We present insolvency practitioners from 88 countries with an identical case of a hotel about to default on its debt, and ask them to describe in detail how debt enforcement against this hotel will proceed in their countries. We use the data on time, cost, and the likely disposition of the...
Persistent link: https://www.econbiz.de/10012465852
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Different Approaches to Bankruptcy
Hart, Oliver - 2000
have turned their attention to the topic of bankruptcy. A large amount of work has resulted, both theoretical and empirical …, some of which has been concerned with the functioning of existing bankruptcy procedures and some with bankruptcy reform …, e.g., the goals of bankruptcy and some of the characteristics of an efficient bankruptcy procedure. This paper …
Persistent link: https://www.econbiz.de/10012470816
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A New Bankruptcy Procedure that Uses Multiple Auctions
Hart, Oliver - 1997
We develop a new bankruptcy procedure that makes use of multiple auctions. The procedure" is designed to work even when …
Persistent link: https://www.econbiz.de/10012472534
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Default and Renegotiation : A Dynamic Model of Debt
Hart, Oliver - 1997
We analyze the role of debt in persuading an entrepreneur to pay out cash flows, rather than to divert them. In the first part of the paper we study the optimal debt contract -- specifically, the trade-off between the size of the loan and the repayment -- under the assumption that some debt...
Persistent link: https://www.econbiz.de/10012472921