Bankruptcy Reform and Its Implication on the Economy

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Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)

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Book Synopsis Bankruptcy Reform and Its Implication on the Economy by : Harish Kamal

Download or read book Bankruptcy Reform and Its Implication on the Economy written by Harish Kamal and published by . This book was released on 2023 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The study investigates the impact of bankruptcy reform, Insolvency and Bankruptcy Code (IBC) 2016, on the bank's transformation risk across Indian states. Using state-level data over the period of 2012 to 2019 and by employing a difference-in-difference methodology, we find a significant increase in the financial depth among states with high bank transformation risk compared to other states in the post-IBC period. Further exploration suggests that the IBC has relaxed entrepreneurs' financial constraints, causing an increase in the real economic activities among states with high transformation risk than those with low transformation risk. Furthermore, we find that the reform has significantly increased household income and reduced their reliance on the government-sponsored employment guarantee scheme. Our results are robust to a battery of tests on potential endogeneity concerns. Our study highlights the importance of a sound bankruptcy design to optimally balance the bargaining power of borrowers and lenders which essentially increases the pay-off of both parties during bankruptcy proceedings. That, in turn, contributes significantly to the financial and economic development across states.

The Economics of Bankruptcy Reform

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ISBN 13 :
Total Pages : 78 pages
Book Rating : 4.3/5 ( download)

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Book Synopsis The Economics of Bankruptcy Reform by : Philippe Aghion

Download or read book The Economics of Bankruptcy Reform written by Philippe Aghion and published by . This book was released on 1992 with total page 78 pages. Available in PDF, EPUB and Kindle. Book excerpt: We propose a new bankruptcy procedure. Initially, a firm's debts are cancelled, and cash and non-cash bids are solicited for the 'new" (all-equity) firm. Former claimants are given shares, or options to buy shares, in the new firm on the basis of absolute priority. Options are exercised once the bids are in. Finally, a shareholder vote is taken to select one of the bids. In essence, our procedure is a variant on the U.S. Chapter 7, in which non-cash bids are possible; this allows for reorganization. We believe our scheme is superior to Chapter 11 since it is simpler, quicker, market-based, avoids conflicts, and places appropriate discipline on management.

Making Failure Feasible

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Publisher : Hoover Press
ISBN 13 : 0817918868
Total Pages : 267 pages
Book Rating : 4.8/5 (179 download)

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Book Synopsis Making Failure Feasible by : Thomas H. Jackson

Download or read book Making Failure Feasible written by Thomas H. Jackson and published by Hoover Press. This book was released on 2015-10-01 with total page 267 pages. Available in PDF, EPUB and Kindle. Book excerpt: In 2012, building off work first published in 2010, the Resolution Project proposed that a new Chapter 14 be added to the Bankruptcy Code, exclusively designed to deal with the reorganization or liquidation of the nation's large financial institutions. In Making Failure Feasible, the contributors expand on their proposal to improve the prospect that our largest financial institutions—particularly with prebankruptcy planning—could be successfully reorganized or liquidated pursuant to the rule of law and, in doing so, both make resolution planning pursuant to Title I of Dodd-Frank more fruitful and make reliance on administrative proceedings pursuant to Title II of Dodd-Frank largely unnecessary. This book highlights the problems of dealing with large financial institutions in distress, and Chapter 14's responses to those twin issues. The contributors first outline the basic features of Chapter 14 and point to their continuation as well as additional features to ensure the quick resolution of large financial institutions that would not depend on government discretion and would mesh with emerging ideas about cross-border resolution. The remaining chapters provide the context for reform and show how Chapter 14, as envisioned in this book, would be a substantial advance on administrative-focused resolution procedures.

An Analysis of the Impact of the Bankruptcy Reform Act of 1978

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Publisher :
ISBN 13 :
Total Pages : 62 pages
Book Rating : 4.:/5 (122 download)

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Book Synopsis An Analysis of the Impact of the Bankruptcy Reform Act of 1978 by : William J. Boyes

Download or read book An Analysis of the Impact of the Bankruptcy Reform Act of 1978 written by William J. Boyes and published by . This book was released on 1985* with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Creditor Passivity and Bankruptcy

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Publisher :
ISBN 13 :
Total Pages : 25 pages
Book Rating : 4.:/5 (263 download)

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Book Synopsis Creditor Passivity and Bankruptcy by : Janet Mitchell

Download or read book Creditor Passivity and Bankruptcy written by Janet Mitchell and published by . This book was released on 1992 with total page 25 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Bankruptcy Around the World

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Publisher : World Bank Publications
ISBN 13 :
Total Pages : 40 pages
Book Rating : 4./5 ( download)

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Book Synopsis Bankruptcy Around the World by : Stijn Claessens

Download or read book Bankruptcy Around the World written by Stijn Claessens and published by World Bank Publications. This book was released on 2002 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:

More on the Impact of Bankruptcy Reform

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Publisher :
ISBN 13 :
Total Pages : 18 pages
Book Rating : 4.:/5 (222 download)

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Book Synopsis More on the Impact of Bankruptcy Reform by : Jocelyn Martel

Download or read book More on the Impact of Bankruptcy Reform written by Jocelyn Martel and published by . This book was released on 1996 with total page 18 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Political Economy of the Bankruptcy Reform Act of 1978

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Publisher :
ISBN 13 :
Total Pages : 80 pages
Book Rating : 4.:/5 (383 download)

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Book Synopsis The Political Economy of the Bankruptcy Reform Act of 1978 by : Eric A. Posner

Download or read book The Political Economy of the Bankruptcy Reform Act of 1978 written by Eric A. Posner and published by . This book was released on 1997 with total page 80 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Global Insolvency and Bankruptcy Practice for Sustainable Economic Development

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Publisher : Palgrave Macmillan
ISBN 13 : 9781137515742
Total Pages : 0 pages
Book Rating : 4.5/5 (157 download)

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Book Synopsis Global Insolvency and Bankruptcy Practice for Sustainable Economic Development by : Dubai Economic Council

Download or read book Global Insolvency and Bankruptcy Practice for Sustainable Economic Development written by Dubai Economic Council and published by Palgrave Macmillan. This book was released on 2015-12-01 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: How an economy handles financial and business distress has a major impact on confidence in business, the availability of investment, the cost of credit, and economic growth. The financial crisis of 2007-2008 and its aftermath was a catalyst to legal reform in the field of bankruptcy and restructuring law and brought an added focus to the systemic threat of bank failure to the financial system. This book explores the general principles and practice of legal reform within bankruptcy. From a variety of specialists including practitioners, lawyers, bankers, accountants and judges from the United Arab Emirates, the UK and Singapore, it provides a variety of perspectives on the topic. Chapters include topics such as the 'Four Pillars of Regulatory Framework', the history and application of the UNCITRAL Model Law on Cross-Border Insolvency, the challenges for financial institutions and the treatment of the insolvency of natural persons. The book also offers a comparative study of Islamic Shari'ah principles with modern bankruptcy regimes, an analysis of bankruptcy in the UAE and an evaluation of the legal infrastructure of the DIFC Courts. The authors explore core questions surrounding bankruptcy law, including its ability to facilitate the turnaround of business, to enable efficient reallocation of capital, to provide coherent rules for entrepreneurs, investors, employees, and creditors, and to provide for both appropriate sanctions and for rehabilitation. ?

Bankruptcy Reform

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Publisher :
ISBN 13 :
Total Pages : 24 pages
Book Rating : 4.:/5 (597 download)

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Book Synopsis Bankruptcy Reform by : A.S. Pratt & Sons

Download or read book Bankruptcy Reform written by A.S. Pratt & Sons and published by . This book was released on 2005 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Economics of Bankruptcy Reform

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Publisher :
ISBN 13 :
Total Pages : 206 pages
Book Rating : 4.:/5 (258 download)

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Book Synopsis The Economics of Bankruptcy Reform by :

Download or read book The Economics of Bankruptcy Reform written by and published by . This book was released on 1977 with total page 206 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Economics of Bankruptcy Reform

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Publisher :
ISBN 13 :
Total Pages : 206 pages
Book Rating : 4.:/5 (781 download)

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Book Synopsis The Economics of Bankruptcy Reform by : John Hampton Moore

Download or read book The Economics of Bankruptcy Reform written by John Hampton Moore and published by . This book was released on 1978 with total page 206 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Why So Many Bankruptcies and what to Do about it

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Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (533 download)

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Book Synopsis Why So Many Bankruptcies and what to Do about it by : Todd J. Zywicki

Download or read book Why So Many Bankruptcies and what to Do about it written by Todd J. Zywicki and published by . This book was released on 2003 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Debt's Dominion

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Publisher : Princeton University Press
ISBN 13 : 1400828503
Total Pages : 296 pages
Book Rating : 4.4/5 (8 download)

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Book Synopsis Debt's Dominion by : David A. Skeel Jr.

Download or read book Debt's Dominion written by David A. Skeel Jr. and published by Princeton University Press. This book was released on 2014-04-24 with total page 296 pages. Available in PDF, EPUB and Kindle. Book excerpt: Bankruptcy in America, in stark contrast to its status in most other countries, typically signifies not a debtor's last gasp but an opportunity to catch one's breath and recoup. Why has the nation's legal system evolved to allow both corporate and individual debtors greater control over their fate than imaginable elsewhere? Masterfully probing the political dynamics behind this question, David Skeel here provides the first complete account of the remarkable journey American bankruptcy law has taken from its beginnings in 1800, when Congress lifted the country's first bankruptcy code right out of English law, to the present day. Skeel shows that the confluence of three forces that emerged over many years--an organized creditor lobby, pro-debtor ideological currents, and an increasingly powerful bankruptcy bar--explains the distinctive contours of American bankruptcy law. Their interplay, he argues in clear, inviting prose, has seen efforts to legislate bankruptcy become a compelling battle royale between bankers and lawyers--one in which the bankers recently seem to have gained the upper hand. Skeel demonstrates, for example, that a fiercely divided bankruptcy commission and the 1994 Republican takeover of Congress have yielded the recent, ideologically charged battles over consumer bankruptcy. The uniqueness of American bankruptcy has often been noted, but it has never been explained. As different as twenty-first century America is from the horse-and-buggy era origins of our bankruptcy laws, Skeel shows that the same political factors continue to shape our unique response to financial distress.

The World Bank Research Observer

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ISBN 13 :
Total Pages : 300 pages
Book Rating : 4.:/5 (319 download)

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Book Synopsis The World Bank Research Observer by :

Download or read book The World Bank Research Observer written by and published by . This book was released on 2003 with total page 300 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Doing Business 2020

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Publisher : World Bank Publications
ISBN 13 : 1464814414
Total Pages : 241 pages
Book Rating : 4.4/5 (648 download)

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Book Synopsis Doing Business 2020 by : World Bank

Download or read book Doing Business 2020 written by World Bank and published by World Bank Publications. This book was released on 2019-11-21 with total page 241 pages. Available in PDF, EPUB and Kindle. Book excerpt: Seventeen in a series of annual reports comparing business regulation in 190 economies, Doing Business 2020 measures aspects of regulation affecting 10 areas of everyday business activity.

Resolution of Financial Distress

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Publisher : World Bank Publications
ISBN 13 : 9780821349069
Total Pages : 428 pages
Book Rating : 4.3/5 (49 download)

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Book Synopsis Resolution of Financial Distress by : Stijn Claessens

Download or read book Resolution of Financial Distress written by Stijn Claessens and published by World Bank Publications. This book was released on 2001-01-01 with total page 428 pages. Available in PDF, EPUB and Kindle. Book excerpt: The understanding of the economic and legal structure of the institutions of bankruptcy has increased considerably over the past decade. This publication describes the state of current knowledge. Containing both theoretical studies and evidence from recent case studies, it shows the possibilities and methods of legal reform and the pitfalls of misguided political action.