Corporate Bankruptcy

Corporate Bankruptcy

This collection is the first comprehensive selection of readings focusing on corporate bankruptcy.

Author: Jagdeep S. Bhandari

Publisher: Cambridge University Press

ISBN: 0521457173

Category: Business & Economics

Page: 584

View: 292

This collection is the first comprehensive selection of readings focusing on corporate bankruptcy. Its main purpose is to explore the nature and efficiency of corporate reorganization using interdisciplinary approaches drawn from law, economics, business, and finance. Substantive areas covered include the role of credit, creditors' implicit bargains, nonbargaining features of bankruptcy, workouts of agreements, alternatives to bankruptcy, and proceedings in countries including the United States, United Kingdom, Europe, and Japan. The Honorable Richard A. Posner, Chief Judge of the U.S. Court of Appeals for the Seventh Circuit, offers a foreword to the collection.
Categories: Business & Economics

Global Insolvency and Bankruptcy Practice for Sustainable Economic Development

Global Insolvency and Bankruptcy Practice for Sustainable Economic Development

This book is a comparative study of international practices in bankruptcy law, providing perspectives from a variety of specialisms including practitioners, lawyers, bankers, accountants and judges from the United Arab Emirates, the UK and ...

Author: Dubai Economic Council

Publisher: Palgrave Macmillan

ISBN: 1137561742

Category: Business & Economics

Page: 288

View: 145

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 is a comparative study of international practices in bankruptcy law, providing perspectives from a variety of specialisms including practitioners, lawyers, bankers, accountants and judges from the United Arab Emirates, the UK and Singapore. Including an in-depth study on English, US and Singaporean law, it offers an overview of corporate restructuring and insolvency in England and Wales and the role of insolvency practitioners in the UK. The authors explore the reorganisation process in the United States under chapter 11 of the US Bankruptcy Code, including enforcement perspectives on US bankruptcy law, before providing a comparative analysis of duties and liabilities of directors and officers under US and UK law. The final chapter offers a perspective on financial restructuring and bankruptcy from Singapore. 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. ?
Categories: Business & Economics

Bankruptcy

Bankruptcy

Excessive household debt has allowed for economic growth, but this model has become increasingly unstable. Spooner examines bankruptcy law as a potential solution.

Author: Joseph Spooner

Publisher: Cambridge University Press

ISBN: 9781107166943

Category: Business & Economics

Page: 309

View: 493

Excessive household debt has allowed for economic growth, but this model has become increasingly unstable. Spooner examines bankruptcy law as a potential solution.
Categories: Business & Economics

The Economics of Bank Bankruptcy Law

The Economics of Bank Bankruptcy Law

This book shows that a special bank bankruptcy regime is desirable for the efficient restructuring and/or liquidation of distressed banks.

Author: Matej Marinč

Publisher: Springer

ISBN: 3642445217

Category: Business & Economics

Page: 158

View: 208

This book shows that a special bank bankruptcy regime is desirable for the efficient restructuring and/or liquidation of distressed banks. It explores in detail both the principal features of corporate bankruptcy law and the specific characteristics of banks including the importance of public confidence, negative externalities of bank failures, fragmented regulatory framework, bank opaqueness, and the related asset-substitution problem and liquidity provision. These features distinguish banks from other corporations and are largely neglected in corporate bankruptcy law. The authors, an assistant professor for money and finance and a research economist at the Dutch Central Bank, propose changes in both prudential regulation and reorganization policies that should allow regulators and banking authorities to better mitigate disruptions in the financial system and minimize the social costs of bank failures. Their recommendations are complemented by a discussion of bank failures from the 2007–2009 financial crisis.
Categories: Business & Economics

The History of Bankruptcy

The History of Bankruptcy

This volume, from an international set of scholars, focuses on bankruptcy in early modern Europe, when its frequency made it not only an economic problem but the great personal and social tragedy it has become.

Author: Thomas Max Safley

Publisher: Routledge

ISBN: 9780415687300

Category: Business & Economics

Page: 258

View: 138

Always a natural companion to capitalism, bankruptcy has become much more prevalent in the public consciousness since the global financial crisis. This volume, from an international set of scholars, focuses on bankruptcy in early modern Europe, when its frequency made it not only an economic problem but the great personal and social tragedy it has become.
Categories: Business & Economics

Personal Bankruptcy Law

Personal Bankruptcy Law

Eva-Maria Steiger classifies the mechanisms triggered by U.S. and European consumer bankruptcy regulations and tests them within a hidden action model.

Author: Eva-Maria Steiger

Publisher: Deutscher Universitätsverlag

ISBN: 3824483440

Category: Business & Economics

Page: 117

View: 123

Eva-Maria Steiger classifies the mechanisms triggered by U.S. and European consumer bankruptcy regulations and tests them within a hidden action model. She identifies an influence on consumer effort choice at two dates - prior to distress and post filing -, appraises the capacity of the regulations to implement the efficient choice at both dates, and proposes a regulation to mitigate the identified distortions.
Categories: Business & Economics

Research Handbook on Corporate Bankruptcy Law

Research Handbook on Corporate Bankruptcy Law

In this Research Handbook, today's leading experts on the law and economics of corporate bankruptcy address fundamental issues such as the efficiency of bankruptcy, the role and treatment of creditors - particularly secured creditors - in ...

Author: Barry E. Adler

Publisher: Edward Elgar Publishing

ISBN: 1803920068

Category:

Page:

View: 317

In this Research Handbook, today's leading experts on the law and economics of corporate bankruptcy address fundamental issues such as the efficiency of bankruptcy, the role and treatment of creditors - particularly secured creditors - in the bankruptcy process, the allocation of going-concern surplus among claimants, the desirability of liquidation in the absence of such surplus, the role of contract in bankruptcy resolution, the role of derivatives in the bankruptcy process, the costs of the bankruptcy system, and the special case of financial institutions, among other topics. Chapters trace the historical path of both law and policy analysis, with a focus on how the bankruptcy process serves underlying policy objectives. Proposals to reform corporate bankruptcy are presented. Research Handbook on Corporate Bankruptcy Lawincludes policy analysis by both lawyers and economists and is thus an invaluable resource to law scholars and students interested in the economic analysis of corporate bankruptcy law, as well as to economics and business scholars and students studying the law of corporate bankruptcy. These pages will prove equally valuable to lawmakers and judges who are interested in policy analysis of corporate bankruptcy. Contributors include: K. Ayotte, D.G. Baird, A.J. Casey, T.H. Jackson, M.B. Jacoby, E.J. Janger, S.J. Lubben, E.R. Morrison, J.A.E. Pottow, R.K. Rasmussen, M.J. Roe, A. Schwartz, M. Simkovic, D. Skeel, R. Squire, G. Triantis, M.J. White, T.J. Zywicki
Categories:

Personal Bankruptcy Law

Personal Bankruptcy Law

Eva-Maria Steiger classifies the mechanisms triggered by U.S. and European consumer bankruptcy regulations and tests them within a hidden action model.

Author: Eva-Maria Steiger

Publisher: Deutscher Universitätsverlag

ISBN: 3322819655

Category: Business & Economics

Page: 0

View: 688

Eva-Maria Steiger classifies the mechanisms triggered by U.S. and European consumer bankruptcy regulations and tests them within a hidden action model. She identifies an influence on consumer effort choice at two dates - prior to distress and post filing -, appraises the capacity of the regulations to implement the efficient choice at both dates, and proposes a regulation to mitigate the identified distortions.
Categories: Business & Economics

The Bankruptcy of Economics Ecology Economics and the Sustainability of the Earth

The Bankruptcy of Economics  Ecology  Economics and the Sustainability of the Earth

This book is also concerned with the future of civilization, in particular with the conflict between economic growth and the sustainability of the biophysical lifesupport systems of the planet, arguing that the flawed system of orthodox neo ...

Author: Joseph Wayne Smith

Publisher: Palgrave Macmillan

ISBN: 1349275719

Category: Business & Economics

Page: 196

View: 233

We live in times of uncertainty and insecurity, at a personal, national and global level. Writers such as Samuel P. Huntington and Robert D. Kaplan, respectively, have spoken of an emerging 'clash of civilizations' and of 'coming anarchy'. This book is also concerned with the future of civilization, in particular with the conflict between economic growth and the sustainability of the biophysical lifesupport systems of the planet, arguing that the flawed system of orthodox neo-classical economics has justified the modernist belief in the necessity of unending economic growth and the ceaseless exploitation of nature.
Categories: Business & Economics