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Skeel, David A. - 2010

As the recent economic crisis has unfolded, bankruptcy has offered possible solutions at several key junctures. The first of these solutions, often referred to as mortgage modification, was geared toward homeowners who faced the loss of their homes in the months - now several years - since the...

Persistent link: https://www.econbiz.de/10013147806

Selection of Candidates for Business Reorganization and Informational Efficiency of Canadian Bankruptcy and Insolvency Law Procedure

Papillon, Benoit Mario - 2011

There are two laws in Canada allowing for the reorganization of corporate businesses: Bankruptcy and Insolvency Act …

Persistent link: https://www.econbiz.de/10014217818

Beyond Uncitral : Alternatives to Universality in Transnational Insolvency

Kipnis, Alexander M. - 2006

establishment of an international body for administering transnational insolvency proceedings. It further addresses the UNCITRAL …

Persistent link: https://www.econbiz.de/10014057179

The Determinants of Professional Fees in Large Bankruptcy Reorganization Cases

LoPucki, Lynn M.; Doherty, Joseph W. - 2004

This article presents the findings of an empirical study of professional fee and expense awards by United States Bankruptcy Courts in 48 large public company bankruptcy cases concluded from 1998 through the first half of 2002. Data was gathered from fee applications and orders in the courts...

Persistent link: https://www.econbiz.de/10014078419

Is the Bankruptcy Code an Adequate Mechanism for Resolving the Distress of Systemically Important Institutions?

Morrison, Edward R. - 2010

Lehman's bankruptcy has triggered calls for new approaches to rescuing systemically important institutions. This essay assesses and confirms the need for a new approach. It identifies the inadequacies of the Bankruptcy Code and advocates an approach modeled on the current regime governing...

Persistent link: https://www.econbiz.de/10013149570

The Costs of Chapter 11 in Context : American and Dutch Business Bankruptcy

Couwenberg, Oscar - 2013

In this paper we adopt a new approach to the issue and contextualize the cost of chapter 11 by comparison to the costs of business bankruptcy in the Netherlands. Using unique data-sets that each author has developed in connection with other projects, we match a group of comparable cases from...

Persistent link: https://www.econbiz.de/10013095560

Firm Undercapitalization in Italy : Business Crisis and Survival Before and After COVID-19

Orlando, Tommaso; Rodano, Giacomo - 2021

In a context characterized by upcoming regulatory changes and deeply affected by the COVID-19 epidemic, this paper examines the diffusion of firm undercapitalization (i.e., the firm displaying a level of equity below the legal limit) among Italian corporations. In a proposal by the National...

Persistent link: https://www.econbiz.de/10013233155

Several Conclusions from Research of Insolvency Cases in the Czech Republic

Smrčka, Luboš; Schönfeld, Jaroslav - In: Central European Business Review 2014 (2014) 1, pp. 13-19

The survey of real outcomes of insolvency proceedings in the Czech Republic analysed by this study took place during … of certain crucial data as to the actual outcome of insolvency proceedings in the Czech Republic, i.e. especially as to … basic information on the structure of the insolvency act in the Czech Republic and possible changes in legislation that …

Persistent link: https://www.econbiz.de/10011195423

The Survival of Marginally-Distressed Firms : Evidence on the Duration of Turnaround

Das, Somnath; LeClere, Marc J. - 2008

In this paper, we examine firms with established profitability that suddenly experience financial distress and subsequently return to a profitable position. Our interest lies in the speed with which a firm reverses from a loss position to a position of income and we focus on the duration of time...

Persistent link: https://www.econbiz.de/10014074076

The impact of delay : evidence from formal out-of-court restructuring

Filer, Randall Keith; Kovač, Dejan; Shapiro, Jacob N.; … - 2021

Bankruptcy restructuring procedures are used in most legal systems to decide the fate of businesses facing financial hardship. We study how bargaining failures in such procedures impact the economic performance of participating firms in the context of Croatia, which introduced a...

Persistent link: https://www.econbiz.de/10012617601