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Court-supervised Restructuring: Pre-bankruptcy Dynamics, Debt Structure and Debt Rescheduling
LEYMAN, B.; SCHOORS, K.; COUSSEMENT, P. - Faculteit Economie en Bedrijfskunde, Universiteit Gent - 2008
contributions in the running up to bankruptcy-reorganization. First, small firms accumulate overdue taxes and social contributions …, pushing the government administration in the unintended role of lender of last resort during the pre-bankruptcy period. Second … during the pre-bankruptcy period very well. Our findings suggest that pre-bankruptcy dynamics strongly affect the debt …
Persistent link: https://www.econbiz.de/10004983097
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The Role of Firm Viability, Creditor Behavior and Judicial Discretion in the Failure of Distressed Firms under Courtsupervised Restructuring: Evidence from Belgium
LEYMAN, B.; SCHOORS, K.; COUSSEMENT, P. - Faculteit Economie en Bedrijfskunde, Universiteit Gent - 2008
bankruptcy-liquidation during this post-confirmation stage. More profitable debtors are less likely to fail. If banks are secured …
Persistent link: https://www.econbiz.de/10004983100
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Le gouvernement de l'entreprise défaillante: étude de trente plans de continuation
Pochet, Christine - In: Revue Finance Contrôle Stratégie 4 (2001) 2, pp. 149-181
What kind of modifications does bankruptcy induce on corporate governance in the French context? This issue is … addressed using a conceptual framework that links together the bankruptcy process, institutional factors and the firm …
Persistent link: https://www.econbiz.de/10005604404
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The unavoidable persistence of forum shopping in the Insolvency Regulation
Mucciarelli, Federico M. - Dipartimento di Economia "Marco Biagi", Università … - 2013
One of the goals of the EU Insolvency Regulation, confirmed by recent reform proposals developed by the European Parliament and the Commission, is to limit forum shopping. The real world, however, looks quite different, as insolvency forum shopping is increasingly common in the EU. As is well...
Persistent link: https://www.econbiz.de/10010640752
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Ein neues Bankinsolvenzrecht für die Schweiz
Birchler, Urs W.; Egli, Dominik - In: Swiss Journal of Economics and Statistics (SJES) 139 (2003) II, pp. 125-154
In Switzerland, new bank insolvency legislation is under consideration. The article compares the proposed regulation with the rules that would be optimal from an economic point of view. Optimal rules are a compromise between value maximization and absolute priority on the one hand (ex post...
Persistent link: https://www.econbiz.de/10005580997
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AMENDMENT OF INSOLVENCY LEGISLATION IN THE CONTEXT OF THE SARS-COV-2 PANDEMIC AND ITS IMPLICATIONS
Cristinel, Ichim - 2021
The health crisis generated by the COVID-19 pandemic that broke out in early 2020 in most economies of the world has forced measures to be taken that have had the effect of closing economic activities to varying degrees. In order to counteract the negative economic effects determined by the...
Persistent link: https://www.econbiz.de/10012522060
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Pedidos de recuperação judicial no Brasil : uma explicação com variáveis econômicas
Silva, Vinicius Augusto Brunassi; Sampaio, Joelson Oliveira - In: Revista Brasileira de Finanças : RBFin 16 (2018) 3, pp. 429-454
Persistent link: https://www.econbiz.de/10012125319
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German experience with reorganization in the frame of insolvency proceeding
Kupec, Olga - In: Ekonomika a managment 2011 (2011) 3, pp. 13-32
replaced former bankruptcy code and compensation code. The pattern was set by American Chapter 11 US Bankruptcy codes. One of …
Persistent link: https://www.econbiz.de/10009398905
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Judicial reorganization – solution for crisis periods
UHER, Marina; NAGY, Cristina Mihaela - In: Anale. Seria Stiinte Economice. Timisoara XVIII (2012) May, pp. 420-424
Currently in the Romanian economic landscape the insolvency phenomenon began to be increasingly better known to the business community first through the impact on business partners from different areas of the industry, and then through the personal experience. For creditors supporting a...
Persistent link: https://www.econbiz.de/10010641593
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Creditor passivity : the effects of bank competition and institutions on the strategic use of bankruptcy filings
Hainz, Christa - 2007
Why do banks remain passive? In a model of bank-firm relationship we study the trade-off a bank faces when having defaulting firms declared bankrupt. First, the bank receives a payoff if a firm is liquidated. Second, it provides information about a firm's type to its competitors. Thereby,...
Persistent link: https://www.econbiz.de/10003951440