"The authors study the effect of reorganization costs on the efficiency of bankruptcy laws. They develop a simple model … that predicts that in a regime with high costs, the law fails to achieve the efficient outcome of liquidating unviable … lowering reorganization costs, the reform improved the selection of viable firms into reorganization. In this sense, the new …

of debt transparency, the costs associated with the lack of it, and its benefits, are extensively discussed in recent …

Good practices reduce costs and produce timely results; poor practices lead to waste and delays and are often the cause …