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The paper analyses options in case of insolvency. Although insolvency plans empirically are very successful, they are …. -- Insolvenz ; Insolvenzplan ; Insolvenzverwalter ; Planinitiativrecht ; Gläubigerversammlung ; Entscheidungssituation ; Pre …-Packaged-Plan ; Eigenverwaltung ; insolvency ; bankruptcy code ; liquidation ; liquidator ; insolvency plan ; chapter 11 plan ; Pre-Packaged-Plan …
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A basic question for the design of bankruptcy law concerns whether value should be divided in accordance with absolute priority. Research done in the past decade has suggested that deviations from absolute priority have beneficial ex ante effects. In contrast, this paper shows that ex post...
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This paper analyzes the costs and benefits of a no-fault-default debt structure as an alternative to the typical bankruptcy process. We show that the deadweight costs of bankruptcy can be avoided or substantially reduced through no-fault-default debt, which permits a relatively seamless transfer...
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We present insolvency practitioners from 88 countries with an identical case of a hotel about to default on its debt …
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