enacted benign modern laws in the area of bankruptcy. Unscrupulous merchants now use these benign laws for fraudulent purposes … about the important legal and institutional issues that are involved in bankruptcy reform in a critical region of the global … economy. The authors note that effective bankruptcy policy balances several requirements for the conduct of a stable …

We propose a valuation model for a bank which faces a bankruptcy risk. Banks are identified with a possibly infinite …

In this paper, we model and estimate the effects of both bankruptcy stigma and financial benefit on household …'s decisions to file for bankruptcy. We show that the probability of debtors ling for bankruptcy rises when the level of bankruptcy … stigma falls. We also show that the level of bankruptcy stigma has external effects , so that individual households are …

Although U.S. bankruptcy ling rates are at an all-time high, I argue in this paper that many more households would … benet nancially from ling for bankruptcy than actually le. While the current bankruptcy ling rate is slightly above one … gure could be several times higher if households tend to behave strategically in planning for bankruptcy. …

This article rst examines the economic justication for having a personal bankruptcy procedure at all. I argue that it … is economically worthwhile to have a bankruptcy pro- cedure, but that costs rise more quickly than benets as the …

The main factors influencing the probability of bankruptcy are analyzed on Czech Republic 1993-1999 firm data. Basic … models of the bankruptcy are compared: neoclassical, financial and corporate governance. The corporate governance hypothesis …