The creation of a market in bankruptcy claims is the single most important development in the bankruptcy world since … the Bankruptcy Code’s enactment in 1978. Claims trading has revolutionized bankruptcy by making it a much more market … on doctrinal issues or used claims trading as a touchstone for the “Great Normative Bankruptcy Debate” about whether …

We study the impacts of bankruptcy risk on the performance of market-based pollution control policies. In chapter one …, we concentrate on emissions trading markets. We find that firms that risk bankruptcy demand more permits than if they … were financially secure. Thus, bankruptcy risk in a competitive market for tradable permits causes an inefficient …

quantified on the date of transaction completion, serve as indicators of future transaction bankruptcy. The results of this paper … suggest that the effective federal funds rate is significantly and positively correlated with the bankruptcy of private equity … performed using two types of binary-response models, which predict the likelihood of the occurrence of bankruptcy, and a matched …

relationship between this secondary gift card market and the corporate bankruptcy risk of companies with gift cards listed on the … correlated to some forms of bankruptcy risk. Specifically, the gift cardholders act like unsecured creditors in terms of excess …

ultimately to a bankruptcy filing. Over the past decade, the airline industries’ performance has been dismal, leading to 20 … bankruptcy filings. As competition increases, it is crucial for airlines to know which core business areas are essential to … American Airlines (AA), highlighting the factors leading to TWA’s bankruptcy filing during the same time period American …

of outside funds. If bankruptcy law favors reorganization over liquidation, the managers’s value of debt for a given …

liquidaciones ineficientes ; The paper warns about the potential efficiency losses associated with low business bankruptcy rates … (number of fi rms filing for bankruptcy as a proportion of the total stock of firms) and shows that welfare could be improved … by increasing the protection of creditors in the bankruptcy system. These ideas are illustrated with the Spanish case …

acuerdos preconcursales para grandes empresas ; Traditionally, bankruptcy procedures in Spain have been lengthy and costly … with the large increase in bankruptcy filings during the crisis that started in 2008 and the ensuing congestion of the … courts. In order to resolve these and other problems, the Bankruptcy Law has been reformed several times. The goal of this …