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Okamura, Ken - 2011

This paper finds evidence that regulatory forbearance toward weakly capitalized banks, which creates “zombie” banks, leads to the creation of “zombie” firms in the Japanese banking crisis of 1997-2003. Capital weak banks bankrupt large borrowers at higher levels of indebtedness than...

Persistent link: https://www.econbiz.de/10013128467

Corporate Financial Distress and Recovery : The UK Evidence

Lasfer, Meziane - 2010

We analyse the strategies undertaken by financially-distressed companies and test the hypothesis that the probability of corporate recovery is positively related to the adoption of cash based strategies. We show that, companies that recover from financial distress are focused, diligent and adopt...

Persistent link: https://www.econbiz.de/10013136297

Raising Corporate Governance Standards in Response to Corporate Rescue and Insolvency

Tomasic, Roman - 2009

standards of corporate conduct, they have also fallen behind comparable legal developments in other parts of the world, such as …

Persistent link: https://www.econbiz.de/10013158938

Insolvency of Significant Non-Financial Enterprises : Lessons from Bank Failures and Bank Resolution

Kokorin, Ilya - 2020

seek to preserve financial stability and ensure continuity of critical functions. The same cannot be said of insolvency …, insolvency law has largely remained microprudential and reactive.Admittedly, unlike bank failures, corporate insolvencies usually … trigger contagion and cause disruptive consequences. Insofar as insolvency of SNFEs raises concerns common to bank failures …

Persistent link: https://www.econbiz.de/10012833155

Bankruptcy for Banks : A Tribute (and Little Plea) to Jay Westbrook

Skeel, David A. - 2018

issues in domestic bankruptcy law, and Jay has been the leading scholarly figure on cross-border insolvency. After surveying …

Persistent link: https://www.econbiz.de/10012910928

Too Important to Fail : Bankruptcy versus Bailout of Socially Important Non-Financial Institutions

Azgad-Tromer, Shlomit - 2017

Systemically important financial institutions are broadly considered to impose a risk to the entire economy upon failure; thus taxpayers act upon their failure, providing them with an implied insurance policy for ongoing liquidity. Yet taxpayers frequently provide de-facto liquidity insurance for...

Persistent link: https://www.econbiz.de/10012972260

The New Synthesis of Bank Regulation and Bankruptcy in the Dodd-Frank Era

Skeel, David A. - 2016

Since the enactment of the Dodd-Frank Act in 2010, U.S. bank regulation and bankruptcy have become far more closely intertwined. In this Article, I ask whether the new synthesis of bank regulation and bankruptcy is coherent, and whether it is likely to prove effective.I begin by exploring some...

Persistent link: https://www.econbiz.de/10013004282

Busy Bankruptcy Courts and the Cost of Credit

Müller, Karsten - 2020

What are the costs of congested court systems? This paper studies the 2005 consumer bankruptcy reform, which caused the largest recorded drop in the caseload of bankruptcy courts in the United States. The reform changed the law for individual debtors but left corporate bankruptcies unaffected....

Persistent link: https://www.econbiz.de/10012853260

A Note to Congress-Amend Section 546(e) of the Bankruptcy Code to Harmonize the Underlying Policies of Fraudulent Conveyance Law and Protection of the Financial Markets

Marchetti, Peter - 2018

Persistent link: https://www.econbiz.de/10012931408

It Takes Two to Tango : An Empirical Tale of Distressed Firms and Assisting Banks

de Jong, Abe; Couwenberg, Oscar - 2013

We study the restructuring process of small and medium-sized firms in financial distress. We have a unique dataset with firms in the Netherlands that are assisted in their restructuring effort by banks. Part of our dataset consists of firms that successfully restructure their operations and...

Persistent link: https://www.econbiz.de/10014050854