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Households debt restructuring : the re-default effect of a debt suspension
Fraisse, Henri - 2017
). The HDC can order an immediate repayment or grant a debt suspension. Exploiting the random assignment of bankruptcy … importance of regulation of credit distribution to avoid both entering into bankruptcy and re-filing for bankruptcy. …
Persistent link: https://www.econbiz.de/10011732088
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Debt Renegotiation
Moraux, Franck - 2012
bankruptcy costs. We investigate situations where the manager can optimally (on behalf of the equity holder) impose a permanent …
Persistent link: https://www.econbiz.de/10013105032
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Exit Consents in Debt Restructurings
Liu, Benjamin - 2017
• The exit consent technique refers to an offer by a bond issuer to all the bondholders to exchange the existing bonds for new bonds or other types of securities, on the condition that the tendering bondholders must consent to a resolution which will amend the terms of the existing bonds so as...
Persistent link: https://www.econbiz.de/10012963092
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Debt Restructuring
Friedman, Benjamin M. - 2000
What difference does it make, and for whom, whether the nonperforming debts of emerging market borrowers are restructured? This paper begins by positing a set of counterfactual conditions under which restructuring would not matter, and then shows how several ways in which the actual world of...
Persistent link: https://www.econbiz.de/10012471039
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Debt Restructuring
Friedman, Benjamin M. - 2021
What difference does it make, and for whom, whether the nonperforming debts of emerging market borrowers are restructured? This paper begins by positing a set of counterfactual conditions under which restructuring would not matter, and then shows how several ways in which the actual world of...
Persistent link: https://www.econbiz.de/10013248231
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Good Debt, Bad Debt : Family Debt Portfolios and Financial Burdens
Xiao, Jing Jian; Yao, Rui - 2021
Purpose: Over the past a few decades, there has been an increasing body of research on debt and wellbeing. However, research on the potential effect of various debt portfolios on family financial wellbeing is limited. The purpose of this study is to fill this research gap by examining the...
Persistent link: https://www.econbiz.de/10013313876
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Inside Debt and Recoveries in Bankruptcy
Pawliczek, Andrea - 2016
I examine the theoretical prediction that executive inside debt results in higher recoveries in bankruptcy. Using a … unsecured debt in bankruptcy. Firms where CEOs have inside debt at the sample mean experience $0.053 greater recoveries per … dollar of debt in the event of bankruptcy relative to firms where the CEO does not have inside debt. Consistent with theory …
Persistent link: https://www.econbiz.de/10012995133
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The Future of UK Debt Restructuring
Payne, Jennifer - 2016
The importance of regimes containing an effective mechanism to enable the rescue of distressed but viable businesses is increasingly recognised. In the UK the importance of developing a rescue culture has been appreciated for some time and a number of different mechanisms exist which can be used...
Persistent link: https://www.econbiz.de/10012981867
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Debtor Fraud in Consumer Debt Renegotiation
Mikhed, Vyacheslav; Raina, Sahil; Scholnick, Barry; … - 2022
We study how forcing financially distressed consumer debtors to repay a larger fraction of debt can lead them to misreport data fraudulently. Using a plausibly exogenous policy change that required debtors to increase repayment to creditors, we document that debtors manipulated data to avoid...
Persistent link: https://www.econbiz.de/10014236487
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Debt Restructuring in Transition
Payne, Jennifer - 2022
UK debt restructuring is undergoing a period of immense change. Two developments in particular have contributed to this transformation. The first is legislative: the Corporate Insolvency and Governance Act 2020 (CIGA) introduced a number of powerful new tools into the armoury of financially...
Persistent link: https://www.econbiz.de/10013307879