serious doubts about the capacity of that country’s insolvency regime to deliver an outcome viewed as fair and consistent with …

bankruptcy proceeding in these countries are outlined. …

Economic theory conjectures complementarities between the ranking of creditors in formal insolvency proceedings and the … the insolvency law, like culture and history. …

The paper analyses options in case of insolvency. Although insolvency plans empirically are very successful, they are …

insolvency and employment law, stakeholder interests are better represented, thanks to European Community influence. Moreover …

Corporate insolvency regulation is of decisive relevance for banks in terms of their secure operation and ability to … corporate insolvency regulation has been undergoing reforms since 2003. One of the main objectives in this regard was to adopt …

This survey provides a synthetic and evaluative survey of issues in corporate financial distress and bankruptcy. This … empirics relating to financial distress, corporate bankruptcy, and the use of apparently cost-effective private mechanisms for … bankruptcy succeeds and fails, and the recent empirics on the subject. The review also grapples with the efficiency of bankruptcy …

We study the restructuring process of small and medium-sized firms in financial distress. We have a unique dataset with … firms in the Netherlands that are guided in their restructuring effort by banks. Part of our dataset consists of firms that … success and failure in restructuring. We find that banks guide firms in their restructuring effort and that their assistance …