Unlike Chapter 11 in the U.S., the Belgian reorganization legislation requires that distressed firms remain under court … bankruptcy-liquidation during this post-confirmation stage. More profitable debtors are less likely to fail. If banks are secured …

bankruptcy bargain for the price of the asset in a secondary market. With this framework we are able to isolate the influence of …' valuations and the range of uncertainty concerning potential bankruptcy costs. In particular, even though mean bankruptcy costs …

bankruptcy of the issuer. Design/methodology/approach – The models developed use the same techniques as the textbook models but …

supervisory, remedial, and insolvency practices. Design/methodology/approach – The paper compares provisions of different EU …

/methodology/approach – The study selects four specific bankruptcy studies and employs canonical correlation analysis to determine the …

payments of principal and interest to creditors, who in turn have strong incentives not to declare bankruptcy. In such …

We study the nature of judicial bias in bankruptcy proceedings following the enactment of bankruptcy law in Russia in … 1998. We find that regional political characteristics affected judicial decisions about the numbers and types of bankruptcy … procedures initiated after the law took effect. In particular, controlling for indicators of firms’ insolvency and the quality of …

empirically using bankruptcy filings in Sweden, where a filing automatically terminates CEO employment and requires the firm to be … sold in an open auction. The median CEO income loss is a dramatic 40%, suggesting that bankruptcy filing damages CEO … CEO being rehired by the buyer in the auction, as predicted. Moreover, we find that the rehired CEOs generate a post-bankruptcy …