Economic theory conjectures complementarities between the ranking of creditors in formal insolvency proceedings and the … use of collateral in bank loan contracts as well as the exist-ence of relational compared to arm's length lending. In this … neither confirm that a high priority for secured lenders explains an excessive use of collateral in bank loans nor that a …

Despite the modernization of secured transactions law in every common law province in Canada, the insolvency statutes … crucial issue is whether a seller or lessor falls within the definition of a secured creditor in the insolvency statutes … insolvency statutes are premised on the idea that title retention devices were intended to be included and that an extension of …

pre-packs which vividly highlights this trade-off. In a pre-pack, an insolvency practitioner, appointed by the secured …

We investigate the importance of the housing-based collateral lending channel on firm borrowing, investment and … opacity, and therefore the degree of their reliance on collateral to overcome borrowing constraints. We find that changing … collateral more important …