Insolvency systems play a crucial role in protection of creditor rights, yet micro-level empirical evidence on the … functioning of insolvency regimes worldwide is sparse. We investigate whether creditors' recovery of outstanding claims, a measure … of ex-post efficiency of an insolvency regime, depends on the characteristics of the trustee delegated the administration …

Insurance insolvency is a global phenomenon and a national issue. It is an interesting part of the field of study … Philippines and classified the survivability of the firms into strong, moderate, weak and insolvent. Selected insolvency …

, especially, the financial cost of filing for bankruptcy. We study the effects of the reform on bankruptcy, insolvency, and …. We find that the decline in bankruptcy filings resulted in a rise in the rate and persistence of insolvency as well as an … that insolvency is associated with worse financial outcomes than bankruptcy, as insolvent individuals have less access to …

sectors to insolvency on their survival and the probability that they will go bankrupt. We collected data from solvent and … in all industries, but profitability and turnover are also essential for the group with the highest levels of insolvency … contribution of this paper is the analysis of insolvency in the two dimensions of survival and probability according to the …