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Auto lenders were perhaps the biggest winners of the 2005 Bankruptcy Reform. Cars depreciate quickly, so borrowers … to the market value of the car through a "cramdown" in Chapter 13 bankruptcy. The Reform prohibited cramdowns during the … eliminating cramdowns affected only one of the two types of consumer bankruptcy: Chapter 13. They exploit persistent historical …
Persistent link: https://www.econbiz.de/10011547738
employees, we analyze plant-level employment patterns before bankruptcy, plant closure without bankruptcy, and mass layoff … bankruptcy. Our analysis of worker flows underlines that bankruptcies seem to struggle for survival while closures follow a … largest for closures without bankruptcy. …
Persistent link: https://www.econbiz.de/10011523595
way that the firms and the territories behave mainly in case of bad economic performance and even bankruptcy. Within this …
Persistent link: https://www.econbiz.de/10011529511
Limited liability may result in inefficient accident prevention, because a relevant portion of the expected harm is externalized on victims. This paper shows that under some restrictive conditions further limiting liability by means of a liability cap can improve caretaking.
Persistent link: https://www.econbiz.de/10011349185
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...
Persistent link: https://www.econbiz.de/10009781568
increased worker flows. These patterns point to an intended and controlled shrinking strategy for closures without bankruptcy …
Persistent link: https://www.econbiz.de/10011978249
This article has a following thesis: changes in banking and a role of banks in real economy in last years, give an argument for treating banks as public good. Banks received a great support from governments as a result of the subprime crisis. G-20 and European Commission recommended new...
Persistent link: https://www.econbiz.de/10012002038
restructuring models for companies who have business issues. The pre-bankruptcy agreement is available in cases when the debtor is …. However, it is necessary that the pre-bankruptcy procedure is finished within a short deadline. The bankruptcy procedure is … Croatia is initiated in cases where large enterprises are faced with bankruptcy or pre-bankruptcy reasons. During this …
Persistent link: https://www.econbiz.de/10012120534
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