bankruptcy for qualified financial contracts (QFCs) such as derivatives and repurchase agreements, particularly those held by … systemically important major dealer banks. Under current U.S. bankruptcy law, these contracts are exempted from the automatic stay …

debt, debt canellation, insolvency, restructuring, principles, non-performing loans …

This survey provides a synthetic and evaluative survey of issues in corporate financial distress and bankruptcy. This … empirics relating to financial distress, corporate bankruptcy, and the use of apparently cost-effective private mechanisms for … bankruptcy succeeds and fails, and the recent empirics on the subject. The review also grapples with the efficiency of bankruptcy …

empirically using bankruptcy filings in Sweden, where a filing automatically terminates CEO employment and requires the firm to be … sold in an open auction. The median CEO income loss is a dramatic 40%, suggesting that bankruptcy filing damages CEO … CEO being rehired by the buyer in the auction, as predicted. Moreover, we find that the rehired CEOs generate a post-bankruptcy …

A basic question for the design of bankruptcy law concerns whether value should be divided in accordance with absolute …

This paper studies intercreditor conflict arising from political interference in the bankruptcy process. The U … of the automakers’ senior creditors in violation of bankruptcy priority rules. Critics predicted that businesses would …

The paper analyzes the characteristics of bankruptcy procedures that may impact on creditors’ recoveries. We propose … 132 legal indexes accounting for the main functions of bankruptcy codes: namely, the accessibility of the procedures … bankrupt SMEs. Several bankruptcy rules are associated with higher recoveries: namely, accessibility of the procedure …