Home eBooks Download › the economics of bankruptcy reform

The Economics Of Bankruptcy Reform

Download The Economics Of Bankruptcy Reform PDF/ePub or read online books in Mobi eBooks. Click Download or Read Online button to get The Economics Of Bankruptcy Reform book now. This website allows unlimited access to, at the time of writing, more than 1.5 million titles, including hundreds of thousands of titles in various foreign languages. If the content not found or just blank you must refresh this page

The Economics Of Bankruptcy Reform

DOWNLOAD
AUDIOBOOK
READ ONLINE
Author : Philippe Aghion
language : en
Publisher:
Release Date : 1992

The Economics Of Bankruptcy Reform written by Philippe Aghion and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1992 with Bankruptcy categories.

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

DOWNLOAD
AUDIOBOOK
READ ONLINE
Author : Thomas H. Jackson
language : en
Publisher: Hoover Press
Release Date : 2015-10-01

Making Failure Feasible written by Thomas H. Jackson and has been published by Hoover Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-10-01 with Political Science categories.

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.

The Economics Of Bankruptcy Reform

DOWNLOAD
AUDIOBOOK
READ ONLINE
Author : Philippe Aghion
language : en
Publisher:
Release Date : 1992

Bankruptcy Reform

DOWNLOAD
AUDIOBOOK
READ ONLINE
Author : United States. Congress. House. Committee on the Judiciary. Subcommittee on Economic and Commercial Law
language : en
Publisher:
Release Date : 1994

Bankruptcy Reform written by United States. Congress. House. Committee on the Judiciary. Subcommittee on Economic and Commercial Law and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1994 with Law categories.

Corporate Insolvency Law And Bankruptcy Reforms In The Global Economy

DOWNLOAD
AUDIOBOOK
READ ONLINE
Author : Kashyap, Amit
language : en
Publisher: IGI Global
Release Date : 2018-09-28

Corporate Insolvency Law And Bankruptcy Reforms In The Global Economy written by Kashyap, Amit and has been published by IGI Global this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-09-28 with Business & Economics categories.

With the increasing interdependence of global economies, international relations are becoming a more complex system. Through this, the growth of any economy is dependent upon the ease of business transactions; however, in recent times, there has been a growing impact of corporate insolvency law. Corporate Insolvency Law and Bankruptcy Reforms in the Global Economy is an essential reference source that discusses the importance of insolvency laws in the financial architecture of emerging economies, as well as its fundamental issues. Featuring research on topics such as business restructuring, debt recovery, and governance regulations, this book is ideally designed for law students, policymakers, economists, lawyers, and business researchers seeking coverage on the jurisprudence and policy of corporate insolvency law in a globalized context.

Do Reorganization Costs Matter For Efficiency

DOWNLOAD
AUDIOBOOK
READ ONLINE
Author : Xavier Gine
language : en
Publisher: World Bank Publications
Release Date : 2006

Do Reorganization Costs Matter For Efficiency written by Xavier Gine and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006 with Bankruptcy categories.

"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.

Two Hundred Years Of Bankruptcy

DOWNLOAD
AUDIOBOOK
READ ONLINE
Author : Ian Domowitz
language : en
Publisher:
Release Date : 1997

Two Hundred Years Of Bankruptcy written by Ian Domowitz and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1997 with Bankruptcy categories.

Seismic Effects Of The Bankruptcy Reform Rev Ed

DOWNLOAD
AUDIOBOOK
READ ONLINE
Author : Donald P. Morgan
language : en
Publisher: DIANE Publishing
Release Date : 2010-08

Seismic Effects Of The Bankruptcy Reform Rev Ed written by Donald P. Morgan and has been published by DIANE Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-08 with Law categories.

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.

Bankruptcy

DOWNLOAD
AUDIOBOOK
READ ONLINE
Author : D. Ellsworth Blanc
language : en
Publisher: Nova Publishers
Release Date : 2002

Bankruptcy written by D. Ellsworth Blanc and has been published by Nova Publishers this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002 with Business & Economics categories.

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.

Global Insolvency And Bankruptcy Practice For Sustainable Economic Development

DOWNLOAD
AUDIOBOOK
READ ONLINE
Author : Dubai Economic Council
language : en
Publisher: Springer
Release Date : 2016-04-29

Global Insolvency And Bankruptcy Practice For Sustainable Economic Development written by Dubai Economic Council and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-04-29 with Business & Economics categories.

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. ?

The Economics Of Bankruptcy Reform

Recent Posts