Bankruptcy is the legal process whereby financially distressed firms, individuals, and occasionally governments resolve … their debts. The bankruptcy process for firms plays a central role in economics, because competition drives inefficient … corporate bankruptcy is to reduce the cost of default by having a government-sponsored procedure that resolves all debts …

financial distress. This finding is consistent with the usual finding of the studies on bankruptcy prediction using statistical …

Nepal. It is to be understood that liquidation, or privatization in case of public enterprises can be prevented if …

influence the outcome of the bankruptcy process (liquidation or reorganization). We analyze unique accounting data from 2 …The aim of this work is to analyze the factors that help companies avoid liquidation following the spirit of the … Spanish insolvency law. This work focuses on the phase starting when companies file for bankruptcy and ending with the …