between reorganization and liquidation. The results highlighted that the bankruptcy code and its enforceability efficiency … into the factors that determined the outcomes of two formal bankruptcy resolution procedures, reorganization, and … liquidation. The evidence shows that the judicial efficiency of debt enforcement had greater effects on the reorganization choice …

as a going concern or liquidation). Addressing this dilemma, we discuss the determinants of bankruptcy courts’ selection … which bankruptcy courts have to combine both social efficiency (maintaining employment) and ex post financial efficiency …, using a large sample of decisions of French commercial courts concerning the future of bankrupt firms (reorganization, sale …

as a going concern or liquidation). Addressing this dilemma, we discuss the determinants of bankruptcy courts’ selection … which bankruptcy courts have to combine both social efficiency (maintaining employment) and ex post financial efficiency …, using a large sample of decisions of French commercial courts concerning the future of bankrupt firms (reorganization, sale …

liquidation and reorganization during economic transformation. The reforms of the financial system and other important factors in … economic transformation influence the impact of bankruptcy regulation in a way distorting it towards liquidation. …This paper looks at simple decision rules in bankruptcy procedures. It describes special issues of enterprise …

This paper considers bankruptcy law design in a setting that is appropriate for entrepreneurial firms. These firms are … providing the entrepreneur with this stake and this leaves the entrepreneur emerging from bankruptcy with a larger debt burden … than is socially efficient. In this setting, a fresh start bankruptcy policy provides greater debt relief than the bank …