When contemplating Chapter 11, firms often need to seek financing for their continuing operations in bankruptcy …. Because such financing would otherwise be hard to find, the Bankruptcy Code authorizes debtors to offer sweeteners to debtor … important implications for bankruptcy policymakers and judges struggling to evaluate whether extraordinary DIP lending …

What are the costs of congested court systems? This paper studies the 2005 consumer bankruptcy reform, which caused the … largest recorded drop in the caseload of bankruptcy courts in the United States. The reform changed the law for individual … backlog across bankruptcy districts. Using a difference-in-differences approach, I find that lower court congestion decreases …

This paper studies how bank competition influences the resolution of distress and bankruptcy of firms. We compile a …' bankruptcy filings. The effect is particularly strong for private firms and in areas with higher densities of small firms. Bank …

. Controlling for industry contagion and local economic conditions, firms headquartered near a bankruptcy event experience a seven …

When contemplating Chapter 11, firms often need to seek financing for their continuing operations in bankruptcy …. Because such financing would otherwise be hard to find, the Bankruptcy Code authorizes debtors to offer sweeteners to debtor … important implications for bankruptcy policymakers and judges struggling to evaluate whether extraordinary DIP lending …

In the U.S., individual parties who file for bankruptcy can exempt a certain dollar amount of property from creditor … businesses. Our results indicate that additional debtor protection, brought about by changes to bankruptcy laws, significantly …