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 … process. When managers sell control over the bankruptcy case to a subset of the creditors in exchange for compensation, we … call this transaction a “bankruptcy process sale.” We model two situations where process sales raise bankruptcy policy …

have failed if it has faced bankruptcy or judicial administration in the past. Based on the model results, companies are …

In an RCT with US small businesses, we document that a large share of firms are not well-informed about bankruptcy …. Many assume that bankruptcy necessarily entails the death of a business and do not know about Chapter 11 bankruptcy, where … reform that lowered the costs of bankruptcy procedures to enhance their protection. In addition, they exhibit substantial …