The Economics Of Bankruptcy Reform PDF Download
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Author | : Philippe Aghion |
Publisher | : |
Total Pages | : 78 |
Release | : 1992 |
Genre | : Bankruptcy |
ISBN | : |
Download The Economics of Bankruptcy Reform Book in PDF, ePub and Kindle
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.
Author | : Thomas H. Jackson |
Publisher | : Hoover Press |
Total Pages | : 267 |
Release | : 2015-10-01 |
Genre | : Political Science |
ISBN | : 0817918868 |
Download Making Failure Feasible Book in PDF, ePub and Kindle
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.
Author | : |
Publisher | : |
Total Pages | : 206 |
Release | : 1977 |
Genre | : |
ISBN | : |
Download The Economics of Bankruptcy Reform Book in PDF, ePub and Kindle
Author | : |
Publisher | : |
Total Pages | : 124 |
Release | : 1924 |
Genre | : Bankruptcy |
ISBN | : |
Download Bankruptcy Reform Book in PDF, ePub and Kindle
Author | : John Hampton Moore |
Publisher | : |
Total Pages | : 206 |
Release | : 1978 |
Genre | : Bankruptcy |
ISBN | : |
Download The Economics of Bankruptcy Reform Book in PDF, ePub and Kindle
Author | : United States. Congress. House. Committee on the Judiciary. Subcommittee on Economic and Commercial Law |
Publisher | : |
Total Pages | : 726 |
Release | : 1994 |
Genre | : Law |
ISBN | : |
Download Bankruptcy Reform Book in PDF, ePub and Kindle
Author | : United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs |
Publisher | : |
Total Pages | : 136 |
Release | : 2000 |
Genre | : Business & Economics |
ISBN | : |
Download Bankruptcy Reform and Financial Services Issues Book in PDF, ePub and Kindle
Author | : United States. Congress. Senate. Committee on the Judiciary |
Publisher | : |
Total Pages | : 272 |
Release | : 2008 |
Genre | : Law |
ISBN | : |
Download Bankruptcy Reform Book in PDF, ePub and Kindle
Author | : Ian Domowitz |
Publisher | : |
Total Pages | : 74 |
Release | : 1997 |
Genre | : Bankruptcy |
ISBN | : |
Download Two Hundred Years of Bankruptcy Book in PDF, ePub and Kindle
Author | : Donald P. Morgan |
Publisher | : DIANE Publishing |
Total Pages | : 30 |
Release | : 2010-08 |
Genre | : Law |
ISBN | : 1437929818 |
Download Seismic Effects of the Bankruptcy Reform (rev. Ed. ) Book in PDF, ePub and Kindle
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.