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For the past several decades, Congress has steadily expanded the exclusion of securities market operations from core bankruptcy protections. This Article focuses on three of the most important of these issues: the exclusion of brokerage firms from Chapter 11; the protection of settlement payments...
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contributes to this scarce literature by shedding light on the possible interaction of bankruptcy auctions with Auction Theory. To … demonstrate its potential contribution, we employ Auction Theory to analyze current auction practices, including the question of …). The application of Auction Theory to the bankruptcy context educes three important contributions. First, we suggest a …
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