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strategischen Umsetzung. Herausgeber und Autoren aus renommierten Unternehmen und aus der Wissenschaft zeigen, wie … Unternehmen Außergerichtliche Restrukturierung: Restrukturierungskonzept und Planung Außergerichtliche Restrukturierung … als Option Restrukturierungs- und Sanierungsabsichten von Unternehmen Internationalisierung der Restrukturierung Die …
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The purpose of this study is to analyze the judicial reorganization process in Romania and how the state supports the companies in financial difficulty. Judicial reorganization has been created as a legal tool for traders in insolvency but whose businesses are capable of overcoming difficult...
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Bankruptcy costs depend not only on the laws that govern financial distress but also on the ability of the court to rehabilitate distressed firms. This paper tests whether Chapter 11 restructuring outcomes are affected by time constraints in busy bankruptcy courts. Using the passage of the...
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Using data from financial reorganization plans filed by insolvent Canadian firms, we estimate the discount rate implicit in the unsecured creditor's reorganization decision. Using (HARA) utility functions, we find the implicit monthly discount rate of creditors to be 4.9%, which corresponds to...
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The paper empirically assesses evidence of bias among bankruptcy judges and predictability of judicial decision making in Serbia. For this purpose, we devised three hypothetical cases that were distributed to judges that preside over bankruptcy cases in Serbia. While the results do not indicate...
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