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A comparative study on the compensation of bankruptcy trustees in insolvent estates

open access: yesInternational Insolvency Review, EarlyView.
Abstract A well‐functioning bankruptcy system is essential for economic stability, ensuring the efficient resolution of bankruptcies and the fair distribution of remaining assets. However, many jurisdictions face the issue of “empty,” “assetless,” or “insolvent” estates, where the assets of bankrupt entities are insufficient to cover the costs of the ...
R. D. Vriesendorp, J. M. W. Pool
wiley   +1 more source

An Ensemble Model Minimising Misjudgment Cost: Empirical Evidence From Chinese Listed Companies

open access: yesInternational Journal of Finance &Economics, EarlyView.
ABSTRACT Predicting corporate financial distress is critical for bank lending and corporate bond investment decisions. Incorrect identification of default status can mislead lenders and investors, leading to substantial losses. This paper proposes an ensemble model that minimises the overall cost of misjudgment by considering the imbalanced ratio ...
Kunpeng Yuan   +2 more
wiley   +1 more source

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