"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 …

structure, finance and the structure of lending to firms, and how firms respond to the economic environment by restructuring … informal and family sources of finance. The authors find evidence of an inverse-U pattern, with the peak of restructuring …

Introduction : toward better practices in systemic corporate restructuring / Michael Pomerleano -- Ch. 1. Synopsis of … conference papers / William Shaw -- Ch. 2. Policy approaches to corporate restructuring around the world : what worked, what … out-of-court workouts : lessons from East Asia, 1998-2001 / William P. Mako -- Ch. 5. Are more restructuring regimes …

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 …

and efficient commercial insolvency law. It is also recommends the necessary amendments to the Bankruptcy Act and …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 …

The importance of a modern, binding and effective insolvency regime is undeniable. Nearly 90 countries around the world … have reformed their bankruptcy codes since Second World War, and over half of them have done so during the last decade. One … of the key aspects in the reform process is the delicate balance addressed by a modern insolvency system which encourages …

. 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 …. At the same time, a new Enterprise Restructuring Law became effective. As of November 2001, only a few cases had been …

infrastructure, and its implementation supporting debtor-creditor relationships, corporate insolvency and credit risk management, and … resolution practices, including among others, members of the Inter-Agency Commission for the preparation of a new insolvency law … allowed subject to posting of appropriate bond. In addition; the Bankruptcy Law should be further amended to include mandatory …