Chapter 11 structures complex negotiations between creditors and debtors that are overseen by a bankruptcy court. This …

incorporates the possibility of bankruptcy. …

Under the assumption that asset markets are incomplete, this paper introduces bankruptcy in an intertemporal … argues that intervention in the form of a level of bankruptcy exemption can enhance not only social welfare but also … distributive equity. The bankruptcy law is carefully specified in the model. The model generates distributional changes in …

general equilibrium model. Binding ceilings on loan rates reduce the probability of bankruptcy. Lower bankruptcy rates result … in lower bankruptcy and liquidation costs. The authors state conditions under which the resources freed by this cost …

bankruptcy proceedings with stock in the reorganized company, while others receive warrants. By proposing a reorganization plan …

Revised. In this article we provide a rationale for bankruptcy law that is based on the conflicts among creditors that … occur when a debtor’s liabilities exceed its assets. In the absence of a bankruptcy law, the private debt … important insight because previous theories supporting a role for bankruptcy law are based on the notion that creditors want to …