bankruptcy protections. This Article focuses on three of the most important of these issues: the exclusion of brokerage firms … exemption of derivatives from the automatic stay and other basic bankruptcy provisions. In Parts I, II and III of the Article, I … provisions has also raised even more questions, once again most prominently in the Lehman bankruptcy.In the final part of the …

usually ignored in macroeconomic models even though they are important in real economies. We argue that default and bankruptcy … near the chosen equilibrium. The theory and evidence together reinforce the idea that accounting, bankruptcy and possibly …

usually ignored in macroeconomic models even though they are important in real economies. We argue that default and bankruptcy … near the chosen equilibrium. The theory and evidence together reinforce the idea that accounting, bankruptcy and possibly …

macroeconomic models. Our basic argument is that default and bankruptcy laws are required to prevent strategic default, and these … equilibrium. The theory and evidence together reinforce the idea that accounting, bankruptcy and possibly other aspects of social …

.S. bankruptcy court. The proposed in-court persuasion mechanism reconciles excessive reorganizations of non-viable companies (and … of some non-viable companies, and exclusively management-initiated (i.e., voluntary) bankruptcy filings. This paper … bankruptcy multiple times. …

macroeconomic models. Our basic argument is that default and bankruptcy laws are required to prevent strategic default, and these … equilibrium. The theory and evidence together reinforce the idea that accounting, bankruptcy and possibly other aspects of social …

distress under formal bankruptcy as a non-cooperative game between claimants under the supervision of the bankruptcy judge. The … under bankruptcy, the likelihood of liquidation and the renegotiated value of claims. Our quantitative results confirm the … economic intuition that a bankruptcy design must trade-off the initial priority of claims with the viability of reorganized …