The explosion of personal financial crisis, especially foreclosure, across large and diverse segments of the American population in 2007 and 2008 significantly impacted the American and global economies. This causal connection supports a hypothesis that reducing the incidence of personal...

During the past century, three decision-making systems have arisen to accomplish a bankruptcy restructuring—judicial administration, a deal among the firm's dominant players, and a sale of the firm's operations in their entirety. Each is embedded in the Bankruptcy Code today, with all having...