Our comparative case studies of bankruptcy lawmaking reveal an apparent political universal. In neither advanced (U ….S., Britain) nor developing countries (China, Indonesia, Korea) do debtors consistently play a major role in corporate bankruptcy … reforms. This is a puzzle. Debtors (managers/owners) are the subjects of bankruptcy law. It is their corporations that are …

This Article proposes reforms to bankruptcy law’s venue rules. These reforms would expand venue choice, reduce … selection rules for bankruptcy cases have ignored simpler alternatives that can reduce opportunistic misbehavior while … venue, reforms should (1) allow firms to make an ex ante commitment to a procedure for choosing a bankruptcy district, and …