-sheet insolvency whereas a zombie firm is a distressed company that has received new credit. We carry out several analyses to test the …

much scope to improve the design of insolvency regimes in order to reduce the barriers to restructuring of weak firms and … the personal costs associated with entrepreneurial failure. Insolvency regime reform can not only address the … markets. As the zombie firm problem may partly stem from bank forbearance, complementary reforms to insolvency regimes are …

firm-level and bank-firm level information in Spain. A distressed firm exhibits both cash-flow and balance-sheet insolvency …

Encouraged by the forbearance of creditors and exit barriers (e.g., inefficient insolvency regimes), the zombie …' recovery. The insolvency environment is also found to be a strong factor in stimulating business restructuring. …

The paper analyses options in case of insolvency. Although insolvency plans empirically are very successful, they are …. -- Insolvenz ; Insolvenzplan ; Insolvenzverwalter ; Planinitiativrecht ; Gläubigerversammlung ; Entscheidungssituation ; Pre …-Packaged-Plan ; Eigenverwaltung ; insolvency ; bankruptcy code ; liquidation ; liquidator ; insolvency plan ; chapter 11 plan ; Pre-Packaged-Plan …