bankruptcy for qualified financial contracts (QFCs) such as derivatives and repurchase agreements, particularly those held by … systemically important major dealer banks. Under current U.S. bankruptcy law, these contracts are exempted from the automatic stay …

The lenders that fund Chapter 11 reorganizations exert significant influence over the bankruptcy process through the … Chapter 11. In fact, today's DIP loan agreements routinely go so far as to dictate the very outcome of the restructuring … process. When managers sell control over the bankruptcy case to a subset of the creditors in exchange for compensation, we …

Claims trading has become a significant and controversial feature of American bankruptcy practice over the past thirty … years. This Report chronicles the rise of claims trading in the second decade of the Bankruptcy Reform Act of 1978 and … 11 or distressed corporations and may have actually improved the capacity of the American bankruptcy system to reorganize …

that a market-oriented bankruptcy statute was enacted. Although the bankruptcy statute enshrines basic elements of modern … bankruptcy law, it fails to stipulate specific rules for partnership bankruptcy. As partnership with limited liability acquires … increasing importance, especially limited partnerships as a popular form of private equity firms, a partnership bankruptcy regime …

We present new evidence on the violation of priority of claims in bankruptcy and recovery rates for secured creditors …, unsecured creditors, equity holders using a sample of firms that filed for Chapter 11 bankruptcy between 1993 and 2004. Our …

share ownership. Furthermore, creditor control rights during bankruptcy (through debtor-in-possession financing and large … stay until filing), the median incumbent does not reduce his stock ownership as the firm approaches bankruptcy …

Recent empirical legal scholarship on the consumer bankruptcy system has uncovered a marked rise in the proportion of … elder Americans filing for relief under the Bankruptcy Code. But these studies have not probed the reasons behind that rise … Consumer Bankruptcy Project (CBP), the largest national sample of consumer debtors in this country, which he uses to explore …

We develop a model of neural networks to study the bankruptcy of U.S. banks. We provide a new model to predict bank … defaults some time before the bankruptcy occurs, taking into account the specific features of the current financial crisis …