Fisher, Timothy C. G.; Martel, Jocelyn - Centre Interuniversitaire de Recherche en Analyse des … - 1996
financial distress and that creditors gain, in expected value terms, from reorganization over liquidation. Based on our … revising Chapter 11 have raised the possibility that the Canadian reorganization system might be a good alternative to the …-supervised reorganization. Canadian evidence shows that acceptance, confirmation, and consummation rates of proposals are very high. Moreover …