firms were more likely to reduce their debt levels. These findings are consistent with the trade-off theory of capital …

The legal and institutional framework governing creditor rights and insolvency proceedings in Chile reasonably complies … enjoying such instruments use ordinary proceedings whose duration is even longer (3 to 5 years). Insolvency legislation is …, however, is 2 to 3 years. The Insolvency Law also governs judicial reorganization proceedings but classification of creditors …

The Bank assessed the Mauritius insolvency and creditor rights systems pursuant to a joint IMF-World Bank initiative to … Insolvency and Creditor Rights Systems during 2002. The assessment team interviewed a cross section of country stakeholders …, corporate insolvency and credit risk management and resolution practices. Conclusions in this assessment are based largely on a …

The importance of a modern, binding and effective insolvency regime is undeniable. Nearly 90 countries around the world … of the key aspects in the reform process is the delicate balance addressed by a modern insolvency system which encourages … of insolvent companies high on the policy agenda. The three fundamental goals of any insolvency law are: 1) transparency …

. The insolvency process in Lithuania has been almost exclusively one of liquidation, plagued by delay and procedural … obstacles. A new insolvency law was adopted in July 2001, bringing to three the number of insolvency laws currently in effect …. The process may be aided by the developing training guides and programs. Regulation of insolvency remains fragmented and …