"The authors study the effect of reorganization costs on the efficiency of bankruptcy laws. They develop a simple model … businesses and reorganizing viable ones. The authors test the model using the Colombian bankruptcy reform of 1999. Using data … from 1,924 firms filing for bankruptcy between 1996 and 2003, they find that the pre-reform reorganization proceeding was …

lacks clear provisions on how to deal with subordination debt agreements and financial contracts in bankruptcy. Provisions … Bankruptcy Commission, a body meeting the requirements of an independent regulatory institution. The Bill on Second Capital …

required to broaden the use of security interests on movable and immovable property, and to ascertain the maximization of the … value of the assets for sale upon seizure; enforcement procedures should be streamlined further by accelerated debt recovery … and efficient commercial insolvency law. It is also recommends the necessary amendments to the Bankruptcy Act and …

have reformed their bankruptcy codes since Second World War, and over half of them have done so during the last decade. One … experienced in Pakistan, provide an opportunity for bankruptcy reform, as the potential employment impact often places the issue …

The legal environment in Lithuania to support creditor rights and debt enforcement is reasonably effective, and … granted in immoveable and moveable assets, including equipment, inventory, goods, receivables, and future property. In …, who are overloaded and poorly equipped to deal with bankruptcy cases, especially rehabilitations. The administrators …