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bankruptcy procedure is triggered off. This arbitration depends on the legal context and, more specifically, on the national … bankruptcy code. No study has been done on the French Civil Law. Yet, this legal system has inspired other important legislations … inclination for liquidation, collaterals may increase the occurrence of bankruptcy, provided the law facilitates such liquidation …
Persistent link: https://www.econbiz.de/10008684728
Using data from financial reorganization plans filed by insolvent Canadian firms, we estimate the discount rate implicit in theunsecured creditors' reorganization decision. Using (HARA) utility functions, we find the implicit monthly discount rate of creditors to be 4.9%, which corresponds to an...
Persistent link: https://www.econbiz.de/10010552082
. Furthermore, Canadian data yield no support for the claim that problems with bankruptcy law result from an over-abundance of small … dernière décennie, le Chapitre 11 du U.S. Bankruptcy Code a été l'objet de critiques importantes de la part de juristes et d …
Persistent link: https://www.econbiz.de/10005273030
during the period 1977-87. Descriptive statistics from the data are used to characterize the0501n features of the bankruptcy … process in Canada. Firms in bankruptcy or in reorganization are typically small firms; the former being significantly smaller … than the latter. The data shows that firms in bankruptcy are in significantly worse financial condition than firms in …
Persistent link: https://www.econbiz.de/10005168993
The0501n objective of the new Bankruptcy Act (Bill C-22) is to promote the use of financial reorganization in order to …, that there are several reasons to believe that encouraging firms that would otherwise have opted for bankruptcy to …
Persistent link: https://www.econbiz.de/10005168996
discussion of the solutions to financial distress with a particular emphazis on the use of the bankruptcy law. We discuss the … functionning of the Canadian bankruptcy law, the problems arising from the use of legal frameworks such as those prevailing in …
Persistent link: https://www.econbiz.de/10005417563
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