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Auto lenders were perhaps the biggest winners of the 2005 Bankruptcy Reform. Cars depreciate quickly, so borrowers … to the market value of the car through a "cramdown" in Chapter 13 bankruptcy. The Reform prohibited cramdowns during the … eliminating cramdowns affected only one of the two types of consumer bankruptcy: Chapter 13. They exploit persistent historical …
Persistent link: https://www.econbiz.de/10011547738
employees, we analyze plant-level employment patterns before bankruptcy, plant closure without bankruptcy, and mass layoff … bankruptcy. Our analysis of worker flows underlines that bankruptcies seem to struggle for survival while closures follow a … largest for closures without bankruptcy. …
Persistent link: https://www.econbiz.de/10011523595
way that the firms and the territories behave mainly in case of bad economic performance and even bankruptcy. Within this …
Persistent link: https://www.econbiz.de/10011529511
Limited liability may result in inefficient accident prevention, because a relevant portion of the expected harm is externalized on victims. This paper shows that under some restrictive conditions further limiting liability by means of a liability cap can improve caretaking.
Persistent link: https://www.econbiz.de/10011349185
The restructuring of a bankrupt company often entails the sale of such company. This paper suggests a way to sell the company that maximizes the creditors' proceeds. The key to this proposal is the option left to the creditors to retain a fraction of the shares of the company. Indeed, by...
Persistent link: https://www.econbiz.de/10009781568
increased worker flows. These patterns point to an intended and controlled shrinking strategy for closures without bankruptcy …
Persistent link: https://www.econbiz.de/10011978249
This study is intended to identify the predictors of financial distress for the Pakistani firms. Variables used are the financial ratios representing profitability, liquidity, leverage, and cash flows, as well as two important market factors which are size and idiosyncratic standard deviation of...
Persistent link: https://www.econbiz.de/10012023254
on the capital market in relation to the amended Bankruptcy Law in Poland. A study was carried out to determine the … of overly aggressive policies may influence solvency, which is defined by Bankruptcy Law. …
Persistent link: https://www.econbiz.de/10011993141
This article has a following thesis: changes in banking and a role of banks in real economy in last years, give an argument for treating banks as public good. Banks received a great support from governments as a result of the subprime crisis. G-20 and European Commission recommended new...
Persistent link: https://www.econbiz.de/10012002038
restructuring models for companies who have business issues. The pre-bankruptcy agreement is available in cases when the debtor is …. However, it is necessary that the pre-bankruptcy procedure is finished within a short deadline. The bankruptcy procedure is … Croatia is initiated in cases where large enterprises are faced with bankruptcy or pre-bankruptcy reasons. During this …
Persistent link: https://www.econbiz.de/10012120534