Company (NOC) fully owned by Venezuela, which operates the oil and gas industry in the country, and its eventual insolvency … examines (i) the nature of PDVSA as a SOE, (ii) its ability to fail or be subject to insolvency proceedings, before Venezuelan … courts; and (iii) how would an eventual insolvency and default on its external indebtedness would need to be conducted in the …

This paper is a follow up study commissioned by the UK Insolvency Practices Council which builds on our earlier study … of complaints handling and disciplinary systems in the UK insolvency practitioner profession: see http …://ssrn.com/abstract=1094757. For this study we compared the complaints handling and disciplinary systems of the UK insolvency practitioner …

, especially, the financial cost of filing for bankruptcy. We study the effects of the reform on bankruptcy, insolvency, and …. We find that the decline in bankruptcy filings resulted in a rise in the rate and persistence of insolvency as well as an … that insolvency is associated with worse financial outcomes than bankruptcy, as insolvent individuals have less access to …

The paper analyses options in case of insolvency. Although insolvency plans empirically are very successful, they are …