Blazy, Régis; Chopard, Bertrand; Fimayer, Agnès; … - Luxembourg School of Finance, Faculté de droit, … - 2007
, 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 … reorganization plans generate the highest recovery rates for all classes of creditors. (4) Contrary to the expected trade-off between …