Recasens, Gilles - In: Revue Finance Contrôle Stratégie 6 (2003) 1, pp. 119-153
Bankruptcy choices condition, i) the efficiency of liquidation or reorganization decisions, ii) the incen-tives delivered to the debtor-in-place and its creditors. On the one hand, there is no incompatibility between a pro-creditors system and the possibility to reach informal agreements and a...