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. Creditor strategy in individual insolvency. Managerial Finance, 28(6), is available at: www.emeraldinsight.com/0307-4358.htm. …Under UK Insolvency law creditors face a strategic choice when dealing with someinsolvent individual debtors. Since … 1986 Individual Voluntary Arrangements (IVAs) havebeen available to return better recoveries than bankruptcy but returns …
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subjects enter into insolvency proceedings with a very small amount of assets compared to their liabilities. In such a … attempts to revive such a business are in the majority of cases clearly mistaken. Insufficient debtor property is also … Czech Republic most of the time significantly behind the OECD country average when comparing insolvency proceedings. One of …
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Why do banks remain passive? In a model of bank-firm relationship we study the trade-off a bank faces when having defaulting firms declared bankrupt. First, the bank receives a payoff if a firm is liquidated. Second, it provides information about a firm's type to its competitors. Thereby,...
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the bankruptcy code in Germany that effectively removes their potential impact on CDS firms. Using a unique dataset on … constrained embed the empty creditor effect into their probability of default estimates of affected firms to a larger extent. So …
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likelihood of future bankruptcy. …
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The restructuring of a bankrupt company often entails the sale of such company. This paper suggests a way to sell the company that maximizes the creditors' proceeds. The key to this proposal is the option left to the creditors to retain a fraction of the shares of the company. Indeed, by...
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