Bris, Arturo; Schwartz, Alan; Welch, Ivo - In: The Journal of Legal Studies 34 (2005) 2, pp. 295-341
The fees of professionals (financial advisors, lawyers, accountants) are a substantial fraction of bankruptcy costs. Scholars have considered how best to reduce these costs but have not considered how they should be allocated among creditors. Creditors can spend redistributionally (to violate or...
