Author: Michelle J. White
Publisher:
ISBN:
Category :
Languages : en
Pages : 80
Book Description
This paper surveys research on the economics of corporate and personal bankruptcy law. Since the literatures on the two types of bankruptcy have developed in isolation of each other, a goal of the survey is to draw out parallels between them. Both theoretical and empirical research are discussed.
Economic Analysis of Corporate and Personal Bankruptcy Law
Author: Michelle J. White
Publisher:
ISBN:
Category :
Languages : en
Pages : 80
Book Description
This paper surveys research on the economics of corporate and personal bankruptcy law. Since the literatures on the two types of bankruptcy have developed in isolation of each other, a goal of the survey is to draw out parallels between them. Both theoretical and empirical research are discussed.
Publisher:
ISBN:
Category :
Languages : en
Pages : 80
Book Description
This paper surveys research on the economics of corporate and personal bankruptcy law. Since the literatures on the two types of bankruptcy have developed in isolation of each other, a goal of the survey is to draw out parallels between them. Both theoretical and empirical research are discussed.
Corporate and Personal Bankruptcy Law
Author: Michelle J. White
Publisher:
ISBN:
Category : Bankruptcy
Languages : en
Pages : 43
Book Description
Bankruptcy is the legal process by which the debts of firms, individuals, and occasionally governments in financial distress are resolved. Bankruptcy law always includes three components. First, it provides a collective framework for simultaneously resolving all debts of the bankrupt entity, regardless of when they are due. Second, it provides rules for determining how the assets and earnings used to repay are divided among creditors. Third, bankruptcy law specifies punishments intended to discourage debtors from defaulting on their debts and filing for bankruptcy. This review discusses and evaluates bankruptcy law by examining whether and when the law encourages debtors and creditors to behave in economically efficient ways. It also considers how bankruptcy law might be changed to improve economic efficiency. The review shows that there are multiple economic objectives of bankruptcy law, because the law affects has very diverse effects. Some of these objectives differ for individuals versus corporations in bankruptcy.
Publisher:
ISBN:
Category : Bankruptcy
Languages : en
Pages : 43
Book Description
Bankruptcy is the legal process by which the debts of firms, individuals, and occasionally governments in financial distress are resolved. Bankruptcy law always includes three components. First, it provides a collective framework for simultaneously resolving all debts of the bankrupt entity, regardless of when they are due. Second, it provides rules for determining how the assets and earnings used to repay are divided among creditors. Third, bankruptcy law specifies punishments intended to discourage debtors from defaulting on their debts and filing for bankruptcy. This review discusses and evaluates bankruptcy law by examining whether and when the law encourages debtors and creditors to behave in economically efficient ways. It also considers how bankruptcy law might be changed to improve economic efficiency. The review shows that there are multiple economic objectives of bankruptcy law, because the law affects has very diverse effects. Some of these objectives differ for individuals versus corporations in bankruptcy.
Personal Bankruptcy Law
Author: Eva-Maria Steiger
Publisher: Deutscher Universitätsverlag
ISBN: 9783824483440
Category : Business & Economics
Languages : en
Pages : 117
Book Description
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.
Publisher: Deutscher Universitätsverlag
ISBN: 9783824483440
Category : Business & Economics
Languages : en
Pages : 117
Book Description
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.
Personal Bankruptcy Law
Author: Eva-Maria Steiger
Publisher: Deutscher Universitätsverlag
ISBN: 9783322819659
Category : Business & Economics
Languages : en
Pages : 0
Book Description
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.
Publisher: Deutscher Universitätsverlag
ISBN: 9783322819659
Category : Business & Economics
Languages : en
Pages : 0
Book Description
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.
Research Handbook on Corporate Bankruptcy Law
Author: B. Adler
Publisher: Edward Elgar Publishing
ISBN: 9781781007877
Category :
Languages : en
Pages : 512
Book Description
In this 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 Law includes 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.
Publisher: Edward Elgar Publishing
ISBN: 9781781007877
Category :
Languages : en
Pages : 512
Book Description
In this 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 Law includes 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.
Limited Liability
Author: Stephen M. Bainbridge
Publisher: Edward Elgar Publishing
ISBN: 1783473037
Category : Business & Economics
Languages : en
Pages : 335
Book Description
The modern corporation has become central to our society. The key feature of the corporation that makes it such an attractive form of human collaboration is its limited liability. This book explores how, by allowing those who form the corporation to limit their downside risk and personal liability to only the amount they invest, there is the opportunity for more risks taken at a lower cost.
Publisher: Edward Elgar Publishing
ISBN: 1783473037
Category : Business & Economics
Languages : en
Pages : 335
Book Description
The modern corporation has become central to our society. The key feature of the corporation that makes it such an attractive form of human collaboration is its limited liability. This book explores how, by allowing those who form the corporation to limit their downside risk and personal liability to only the amount they invest, there is the opportunity for more risks taken at a lower cost.
An Analysis of Economic and Personal Factors Leading to Consumer Bankruptcy
Corporate Bankruptcy
Author: Jagdeep S. Bhandari
Publisher: Cambridge University Press
ISBN: 9780521457170
Category : Business & Economics
Languages : en
Pages : 584
Book Description
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.
Publisher: Cambridge University Press
ISBN: 9780521457170
Category : Business & Economics
Languages : en
Pages : 584
Book Description
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.
Economic Analysis of Corporate Bankruptcy Law Reform in India
Author: Indrajit Mallick
Publisher:
ISBN:
Category : Bankruptcy
Languages : en
Pages : 148
Book Description
Publisher:
ISBN:
Category : Bankruptcy
Languages : en
Pages : 148
Book Description
Bankruptcy Around the World
Author: Stijn Claessens
Publisher: World Bank Publications
ISBN:
Category : Bankruptcy
Languages : en
Pages : 40
Book Description
Publisher: World Bank Publications
ISBN:
Category : Bankruptcy
Languages : en
Pages : 40
Book Description