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. Creditor strategy in individual insolvency. Managerial Finance, 28(6), is available at: www.emeraldinsight.com/0307-4358.htm. …Under UK Insolvency law creditors face a strategic choice when dealing with someinsolvent individual debtors. Since … 1986 Individual Voluntary Arrangements (IVAs) havebeen available to return better recoveries than bankruptcy but returns …
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, etc.), as well as those in proceedings. of pre-insolvency / insolvency. In this paper we aim to identify and analyze the … legislative changes that the Romanian authorities have operated in the field of insolvency while highlighting their implications … on economic activity. Our scientific approach begins with defining and specifying the scope of insolvency as well as …
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Why do banks remain passive? In a model of bank-firm relationship we study the trade-off a bank faces when having defaulting firms declared bankrupt. First, the bank receives a payoff if a firm is liquidated. Second, it provides information about a firm's type to its competitors. Thereby,...
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the bankruptcy code in Germany that effectively removes their potential impact on CDS firms. Using a unique dataset on … constrained embed the empty creditor effect into their probability of default estimates of affected firms to a larger extent. So …
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likelihood of future bankruptcy. …
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The restructuring of a bankrupt company often entails the sale of such company. This paper suggests a way to sell the company that maximizes the creditors' proceeds. The key to this proposal is the option left to the creditors to retain a fraction of the shares of the company. Indeed, by...
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