Under the U.S. Bankruptcy Code, company-debtors can sell assets, out of the ordinary course of business, if there is a … that courts use to justify early asset sales. This brings into question recent decision making and trends in bankruptcy …

probability of emergence. Our results suggest that KERPs are an efficient contracting solution to the problem of retaining and … incentivizing key employees in bankruptcy …

In U.S. Chapter 11 bankruptcy cases, some firms are liquidated. Others emerge and continue operating. I show that … assignment of bankruptcy judges to estimate a structural model of bankruptcy. I estimate that 21% of the cases in my sample …

In prior work I have argued that the derivative “safe harbors” in the Bankruptcy Code should be either repealed, or at … from the Bankruptcy Code, or must the Code be further adapted to reflect the prevalence of derivatives throughout the … economy? And if repeal is not enough, what kinds of issues should the Bankruptcy Code legitimately accommodate, and what …

The creation of a market in bankruptcy claims is the single most important development in the bankruptcy world since … the Bankruptcy Code's enactment in 1978. Claims trading has revolutionized bankruptcy by making it a much more market … on doctrinal issues or used claims trading as a touchstone for the “Great Normative Bankruptcy Debate” about whether …

in bankruptcy. This result is consistent with the hypothesis that inside debt incentivizes managers to preserve firm … value in bankruptcy …

When contemplating Chapter 11, firms often need to seek financing for their continuing operations in bankruptcy …. Because such financing would otherwise be hard to find, the Bankruptcy Code authorizes debtors to offer sweeteners to debtor … important implications for bankruptcy policymakers and judges struggling to evaluate whether extraordinary DIP lending …

CEOs of large firms filing for bankruptcy are more likely to exit the executive labor market after bankruptcy and …-taking and manifest itself as lower rates of entrepreneurship and job growth, the mechanisms through which bankruptcy affects CEO … careers are not well understood. In this paper, we examine the effect of "random bankruptcy" decisions on small and medium …

The bankruptcy system plays an important role in resolving financial distress and reallocating resources in the economy …. While many believe that transparency is central to an efficient bankruptcy system, the Bankruptcy Code lacks clear standards … for disclosure and financial reporting. In this paper, I study the effects of information disclosure on bankruptcy …

The role of Insolvency and Bankruptcy Code, 2016 in India, as foreseen by the Bankruptcy Law Reforms Committee Report … Insolvency and Bankruptcy Code, 2016 desperately for insolvency resolution, the Government of India suspended the filing of any … new insolvency cases through the Insolvency and Bankruptcy Code (Amendment) Ordinance, 2020. This was done mainly to save …