The Economics of Bankruptcy Reform

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Publisher :
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 : 312 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 312 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 this book, 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.

Bankruptcy Reform

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Publisher :
ISBN 13 :
Total Pages : 730 pages
Book Rating : 4.:/5 (327 download)

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Book Synopsis Bankruptcy Reform by : United States. Congress. House. Committee on the Judiciary. Subcommittee on Economic and Commercial Law

Download or read book Bankruptcy Reform written by United States. Congress. House. Committee on the Judiciary. Subcommittee on Economic and Commercial Law and published by . This book was released on 1994 with total page 730 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Bankruptcy

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Publisher : Nova Publishers
ISBN 13 : 9781590332184
Total Pages : 136 pages
Book Rating : 4.3/5 (321 download)

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Book Synopsis Bankruptcy by : D. Ellsworth Blanc

Download or read book Bankruptcy written by D. Ellsworth Blanc and published by Nova Publishers. This book was released on 2002 with total page 136 pages. Available in PDF, EPUB and Kindle. Book excerpt: For many businesses, bankruptcy is a looming reality, one that can take many forms. Bankruptcy is such a fact of life that a tangle of laws exist in the U.S. legal code. The most widely recognised type, Chapter 11, permits the reorganisation, as opposed to the liquidation, of financially troubled businesses. An economic analysis has to start with the observation that business failure is not always bad, as efficiency in the economy demands continual reallocation of resources. This book offers a thorough overview of the bankruptcy laws and procedures American businesses and consumers are faced with.

The Economics of Bankruptcy Reform

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Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (17 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 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Do Reorganization Costs Matter for Efficiency?

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Publisher : World Bank Publications
ISBN 13 :
Total Pages : 42 pages
Book Rating : 4./5 ( download)

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Book Synopsis Do Reorganization Costs Matter for Efficiency? by : Xavier Gine

Download or read book Do Reorganization Costs Matter for Efficiency? written by Xavier Gine and published by World Bank Publications. This book was released on 2006 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The authors study the effect of reorganization costs on the efficiency of bankruptcy laws. They develop a simple model that predicts that in a regime with high costs, the law fails to achieve the efficient outcome of liquidating unviable businesses and reorganizing viable ones. The authors test the model using the Colombian bankruptcy reform of 1999. Using data from 1,924 firms filing for bankruptcy between 1996 and 2003, they find that the pre-reform reorganization proceeding was so inefficient that it failed to separate economically viable firms from inefficient ones. In contrast, by substantially lowering reorganization costs, the reform improved the selection of viable firms into reorganization. In this sense, the new law increased the efficiency of the bankruptcy system in Colombia."--World Bank web site.

Seismic Effects of the Bankruptcy Reform (rev. Ed. )

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Publisher : DIANE Publishing
ISBN 13 : 1437929818
Total Pages : 30 pages
Book Rating : 4.4/5 (379 download)

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Book Synopsis Seismic Effects of the Bankruptcy Reform (rev. Ed. ) by : Donald P. Morgan

Download or read book Seismic Effects of the Bankruptcy Reform (rev. Ed. ) written by Donald P. Morgan and published by DIANE Publishing. This book was released on 2010-08 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: The 2005 Bankruptcy Abuse Reform (BAR) act contributed to the surge in subprime foreclosures that followed its passage. Before BAR, over-indebted mortgagors could free up income to pay the mortgage by filing bankruptcy and having their unsecured debts discharged. BAR blocks that maneuver for better-off filers by way of a means test. Identifies the effects of BAR using state home equity bankruptcy exemptions; filers in low-exemption states were not very protected before BAR, so they would be less affected by the reform. Regressions confirm four predictions implied by that identification strategy. Adds to research trying to explain the surge in subprime foreclosures and to a broader literature on household bankruptcy demand and credit supply. Illustrations.

The Oxford Handbook of Law and Economics

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Publisher : Oxford University Press
ISBN 13 : 0199684200
Total Pages : 593 pages
Book Rating : 4.1/5 (996 download)

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Book Synopsis The Oxford Handbook of Law and Economics by : Francesco Parisi

Download or read book The Oxford Handbook of Law and Economics written by Francesco Parisi and published by Oxford University Press. This book was released on 2017 with total page 593 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Oxford Handbook of Law and Economics covers over one-hundred topics on issues ranging from law and neuroeconomics to European Union law and economics to feminist theory and law and economics. The book gathers together scholars and experts in law and economics to create the most inclusive and current work on law and economics. It begins at the origins of the field of law and economics, tracks its progression and increased importance to both law and economics, and looks to the future of the field and its continued development by examining a cornucopia of fields touched by work in law and economics.

Bankruptcy Reform

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Publisher :
ISBN 13 :
Total Pages : 112 pages
Book Rating : 4.0/5 ( download)

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Book Synopsis Bankruptcy Reform by : United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs. Subcommittee on Financial Institutions and Regulatory Relief

Download or read book Bankruptcy Reform written by United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs. Subcommittee on Financial Institutions and Regulatory Relief and published by . This book was released on 1999 with total page 112 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Two Hundred Years of Bankruptcy

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Publisher :
ISBN 13 :
Total Pages : 74 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Two Hundred Years of Bankruptcy by : Ian Domowitz

Download or read book Two Hundred Years of Bankruptcy written by Ian Domowitz and published by . This book was released on 1997 with total page 74 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Commercial and Public Sector Issues in Bankruptcy

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Publisher :
ISBN 13 :
Total Pages : 458 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Commercial and Public Sector Issues in Bankruptcy by : United States. Congress. House. Committee on the Judiciary. Subcommittee on Economic and Commercial Law

Download or read book Commercial and Public Sector Issues in Bankruptcy written by United States. Congress. House. Committee on the Judiciary. Subcommittee on Economic and Commercial Law and published by . This book was released on 1992 with total page 458 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Bankrupt in America

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Publisher : University of Chicago Press
ISBN 13 : 022667973X
Total Pages : 237 pages
Book Rating : 4.2/5 (266 download)

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Book Synopsis Bankrupt in America by : Mary Eschelbach Hansen

Download or read book Bankrupt in America written by Mary Eschelbach Hansen and published by University of Chicago Press. This book was released on 2020-02-05 with total page 237 pages. Available in PDF, EPUB and Kindle. Book excerpt: In 2005, more than two million Americans—six out of every 1,000 people—filed for bankruptcy. Though personal bankruptcy rates have since stabilized, bankruptcy remains an important tool for the relief of financially distressed households. In Bankrupt in America, Mary and Brad Hansen offer a vital perspective on the history of bankruptcy in America, beginning with the first lasting federal bankruptcy law enacted in 1898. Interweaving careful legal history and rigorous economic analysis, Bankrupt in America is the first work to trace how bankruptcy was transformed from an intermittently used constitutional provision, to an indispensable tool for business, to a central element of the social safety net for ordinary Americans. To do this, the authors track federal bankruptcy law, as well as related state and federal laws, examining the interaction between changes in the laws and changes in how people in each state used the bankruptcy law. In this thorough investigation, Hansen and Hansen reach novel conclusions about the causes and consequences of bankruptcy, adding nuance to the discussion of the relationship between bankruptcy rates and economic performance.

Bankruptcy Reform

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Publisher :
ISBN 13 :
Total Pages : 124 pages
Book Rating : 4.:/5 (319 download)

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Book Synopsis Bankruptcy Reform by :

Download or read book Bankruptcy Reform written by and published by . This book was released on 1924 with total page 124 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.

Bankruptcy Reform and Financial Services Issues

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Publisher :
ISBN 13 :
Total Pages : 128 pages
Book Rating : 4.0/5 ( download)

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Book Synopsis Bankruptcy Reform and Financial Services Issues by : United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs

Download or read book Bankruptcy Reform and Financial Services Issues written by United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs and published by . This book was released on 2000 with total page 128 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Report of the Commission on the Bankruptcy Laws of the United States: Report of the Commission ... pt.3. Some considerations concerning bankruptcy reform, by Selwyn Enzer

Download Report of the Commission on the Bankruptcy Laws of the United States: Report of the Commission ... pt.3. Some considerations concerning bankruptcy reform, by Selwyn Enzer PDF Online Free

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Publisher :
ISBN 13 :
Total Pages : 342 pages
Book Rating : 4.3/5 (243 download)

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Book Synopsis Report of the Commission on the Bankruptcy Laws of the United States: Report of the Commission ... pt.3. Some considerations concerning bankruptcy reform, by Selwyn Enzer by : Commission on the Bankruptcy Laws of the United States

Download or read book Report of the Commission on the Bankruptcy Laws of the United States: Report of the Commission ... pt.3. Some considerations concerning bankruptcy reform, by Selwyn Enzer written by Commission on the Bankruptcy Laws of the United States and published by . This book was released on 1973 with total page 342 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Bankruptcy Reform Act

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Publisher :
ISBN 13 :
Total Pages : 356 pages
Book Rating : 4.0/5 (13 download)

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Book Synopsis The Bankruptcy Reform Act by : United States. Congress. Senate. Committee on the Judiciary. Subcommittee on Improvements in Judicial Machinery

Download or read book The Bankruptcy Reform Act written by United States. Congress. Senate. Committee on the Judiciary. Subcommittee on Improvements in Judicial Machinery and published by . This book was released on 1975 with total page 356 pages. Available in PDF, EPUB and Kindle. Book excerpt: