Results 251 to 260 of about 81,421 (304)
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The Journal of Legal Studies, 1998
Abstract This article offers new evidence on the determinants of U.S. consumer bankruptcy filing rates, which tripled from 1984 to 1991. The run‐up in filing rates does not appear to be a consequence of legal changes since the increase coincided with Bankruptcy Code amendments designed to reduce filing rates by rejecting opportunistic petitions.
Brinig, Margaret F., Buckley, F. H.
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Abstract This article offers new evidence on the determinants of U.S. consumer bankruptcy filing rates, which tripled from 1984 to 1991. The run‐up in filing rates does not appear to be a consequence of legal changes since the increase coincided with Bankruptcy Code amendments designed to reduce filing rates by rejecting opportunistic petitions.
Brinig, Margaret F., Buckley, F. H.
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Journal of Corporate Finance, 1999
Abstract This paper examines whether mandatory auctions promote the efficient restructuring of distressed firms relative to a reorganization-based bankruptcy system such as Chapter 11. Under a mandatory auction system, aggressive bidding by a coalition of incumbent management and pre-bankruptcy creditors may deter outside bidders, may result in the ...
Edith S. Hotchkiss, Robert M. Mooradian
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Abstract This paper examines whether mandatory auctions promote the efficient restructuring of distressed firms relative to a reorganization-based bankruptcy system such as Chapter 11. Under a mandatory auction system, aggressive bidding by a coalition of incumbent management and pre-bankruptcy creditors may deter outside bidders, may result in the ...
Edith S. Hotchkiss, Robert M. Mooradian
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Zeitschrift für Operations Research, 1987
Bankruptcy problems are considered from a game theoretic point of view. Solution concepts from cooperative game theory are studied for bankruptcy games. A necessary and sufficient condition for a division rule for bankruptcy problems to be a game theoretic rule is given. A new division rule which is an adjustment of the proportional rule is given. This
Curiel, I., Maschler, M., Tijs, S.H.
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Bankruptcy problems are considered from a game theoretic point of view. Solution concepts from cooperative game theory are studied for bankruptcy games. A necessary and sufficient condition for a division rule for bankruptcy problems to be a game theoretic rule is given. A new division rule which is an adjustment of the proportional rule is given. This
Curiel, I., Maschler, M., Tijs, S.H.
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SMU Annual Texas Survey, 2021
This article is a survey of relevant developments in bankruptcy law from December 1, 2019, through November 30, 2020. The article focuses on law likely to be influential to Texas practitioners.
Hale, Honorable Harlin D. +1 more
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This article is a survey of relevant developments in bankruptcy law from December 1, 2019, through November 30, 2020. The article focuses on law likely to be influential to Texas practitioners.
Hale, Honorable Harlin D. +1 more
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Bankruptcy related contracting and bankruptcy functions
2020A bankruptcy system is believed necessary to solve a coordination problem among the creditors of a distressed firm. The firm should survive if its going concern value exceeds its liquidation value, but each creditor, who is assumed to hold debt that is small in relation to the total, has too little at stake to coordinate a restructuring, and so pursues
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2015
There is a disconnect between the operation of the Australian Bankruptcy Act 1966 (Cth) and the various State and Territory Succession Acts. The lack of harmonisation between the operation of the national bankruptcy provisions and the State-based provisions provides a perverse incentive by allowing a choice as to the legislative regime that governs the
Anderson, Colin, Morrison, David
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There is a disconnect between the operation of the Australian Bankruptcy Act 1966 (Cth) and the various State and Territory Succession Acts. The lack of harmonisation between the operation of the national bankruptcy provisions and the State-based provisions provides a perverse incentive by allowing a choice as to the legislative regime that governs the
Anderson, Colin, Morrison, David
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RAILROAD BANKRUPTCY PROPENSITY
The Journal of Finance, 1971THE RECENT POOR PERFORMANCE of our nation's economy has been marked by a rash of business failures in all sectors.' One industry which has been particularly sensitive to economic downturns in the past is the nation's railroad carriers. In 1970, four railroads petitioned the courts for bankruptcy under Section 77 of the National Bankruptcy Act.
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2015
Bankruptcy is a legal process that generally seeks to effectuate two goals: (1) an orderly distribution of a debtor's prebankruptcy assets and/or future income for the benefit of creditors and (2) financial rehabilitation of the debtor. The first goal can be viewed as the law's response to the common-pool problem that arises when a debtor has ...
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Bankruptcy is a legal process that generally seeks to effectuate two goals: (1) an orderly distribution of a debtor's prebankruptcy assets and/or future income for the benefit of creditors and (2) financial rehabilitation of the debtor. The first goal can be viewed as the law's response to the common-pool problem that arises when a debtor has ...
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The bankruptcy risk matrix as a tool for interpreting the outcome of bankruptcy prediction models
Finance Research Letters, 2023Christian Lohmann
exaly