In early 2005 a new bankruptcy law was approved by the Brazilian Congress, taking effect a few months later. The new … legislation improved creditor protection and the bankruptcy system's efficiency. This paper tries to shed some light on the … empirical consequences of a bankruptcy reform on a poorly developed credit market. Using data from Brazilian and non …

In early 2005, the Brazilian Congress approved a new bankruptcy law. The new legislation increased creditor protection … and improved the efficiency of the bankruptcy system. This paper evaluates the empirical consequences of a bankruptcy … different models, the effect of the bankruptcy reform on contractual and non-contractual debt variables. In general, both models …

This chapter is forthcoming in an edited research handbook on corporate bankruptcy law. It reviews the theoretical and … covenants that impose milestones and deadlines on the bankruptcy process. The paper highlights two fundamental challenges: what … an inefficient distortion of asset-deployment decisions in bankruptcy …

This paper studies intercreditor conflict arising from political interference in the bankruptcy process. The U … of the automakers’ senior creditors in violation of bankruptcy priority rules. Critics predicted that businesses would …

event of bankruptcy, is probably a far more decisive factor. Equity ratios decline in parallel with creditor …

In early 2005 a new bankruptcy law was approved by the Brazilian Congress, taking effect a few months later. The new … legislation improved creditor protection and the bankruptcy system's efficiency. This paper tries to shed some light on the … empirical consequences of a bankruptcy reform on a poorly developed credit market. Using data from Argentine, Brazilian, Chilean …

European countries, the United States and every state that has incorporated UNCITRAL's Model Law on Cross Border Insolvency …

a direct comparison between the two, has resulted in a narrowing of the accepted influence of bankruptcy law to post … indicates that the shadow of bankruptcy has lengthened, making bankruptcy law a central tenet of governance policy regardless of … distinct groupings with little overlap. Separately investigating rates of turnover in-bankruptcy and out-of-bankruptcy, without …