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bankruptcy has an extra 4.7 years of unlife and is 20.8% more indebted than bankrupt firms with better capitalized banks. This is …
Persistent link: https://www.econbiz.de/10013128467
We analyse the strategies undertaken by financially-distressed companies and test the hypothesis that the probability of corporate recovery is positively related to the adoption of cash based strategies. We show that, companies that recover from financial distress are focused, diligent and adopt...
Persistent link: https://www.econbiz.de/10013136297
reduces the incentives of the bank to monitor debtor, a ‘harsh' bankruptcy environment (as evidenced in the shift from the … buyer) could implicitly collude has important bankruptcy related implications. We show that when the credit derivatives …
Persistent link: https://www.econbiz.de/10013139530
Persistent link: https://www.econbiz.de/10013115019
Since the April 2005 passage of the Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA), companies have … discovered that bankruptcy has become a quicksand of unexpected surprises that quickly forces companies into liquidation or … forced asset sales under section 363 of the Bankruptcy Code. This paper summarizes four big 'surprises' that await companies …
Persistent link: https://www.econbiz.de/10013116830
bankruptcy of a financial institution. The paper uses insights of law and economics to predict the effects of compensation …
Persistent link: https://www.econbiz.de/10013117821
In this paper, we test the characteristics of bankruptcy procedures that are likely to generate recoveries for the … creditors. Such recoveries are related to the performance of bankruptcy law as they stem from the procedures' ability to … United Kingdom (Common Law).In order to identify the characteristics of bankruptcy procedures that generate recoveries, we …
Persistent link: https://www.econbiz.de/10013120326
The drafting of a new bankruptcy law for China proved to be a lengthy and agonizing process, but a new Enterprise … Bankruptcy Law was finally enacted in 2006; China had reviewed the experiences of other countries and sought to introduce a new … area. The introduction of a new insolvency law which provided for corporate rescue or reorganization of companies was the …
Persistent link: https://www.econbiz.de/10013096964
Persistent link: https://www.econbiz.de/10013096965
. Not only are regulatory constraints tightening by the day, but the risk of insolvency is also becoming an increasingly … pooling and insolvency. Each chapter follows the same template for ease of reference; topics featured include specific legal ….This practical handbook is an essential guide for any insolvency professional, in-house counsel or adviser in banking and finance …
Persistent link: https://www.econbiz.de/10013100209