I analyze whether the higher financing costs following the idiosyncratic bankruptcy or default of one firm affect the …

We develop a stochastic dynamic model of bank value maximization under limited liability and in which bankruptcy can …

In response to the financial crisis of 2007, Congress created the Orderly Liquidation Authority (OLA) as part of its … conflicting goals---mitigating systemic risk, which is thought to emerge when large financial firms enter the bankruptcy process … bailout to save them from bankruptcy and prevent systemic problems. In this article, we review the features of both bankruptcy …

Saving a company from bankruptcy may require the help of crisis consultants who have experience stabilizing … bankruptcy by applying creativity and problem‐solving skills. In the case of MicroNet, the crisis consultants’ actions included …

Purpose – The purpose of this paper is to study the effect of changes in creditors' priority defined by the bankruptcy … law on firms' capital structure. Design/methodology/approach – Taking advantage of the Brazilian bankruptcy law reform as …

Purpose – The purpose of this paper is to analyze the consequences of the “safe harbor” provisions of the US Bankruptcy … Code that were enacted from 1984 through 2005 and that protect certain financial contracts from standard bankruptcy … procedures. Design/methodology/approach – Qualitative methods are used to evaluate whether these provisions of the Bankruptcy …