as a going concern or liquidation). Addressing this dilemma, we discuss the determinants of bankruptcy courts’ selection … which bankruptcy courts have to combine both social efficiency (maintaining employment) and ex post financial efficiency …, using a large sample of decisions of French commercial courts concerning the future of bankrupt firms (reorganization, sale …

as a going concern or liquidation). Addressing this dilemma, we discuss the determinants of bankruptcy courts’ selection … which bankruptcy courts have to combine both social efficiency (maintaining employment) and ex post financial efficiency …, using a large sample of decisions of French commercial courts concerning the future of bankrupt firms (reorganization, sale …

liquidation and reorganization during economic transformation. The reforms of the financial system and other important factors in … economic transformation influence the impact of bankruptcy regulation in a way distorting it towards liquidation. …This paper looks at simple decision rules in bankruptcy procedures. It describes special issues of enterprise …

formal reorganization procedure. The U.S. has a debtor friendly bankruptcy codes while in the U.K. and Japan, creditors have …This paper presents a comprehensive analysis of reorganization provisions available to financially distressed firms in … of the various bankruptcy laws in resolving corporate financial distress and providing opportunities for efficient and …