Similar Search Results

The uneasy case for the priority of secured claims in bankruptcy : further thoughts and a reply to critics

Bebchuk, Lucian A.; Fried, Jesse M. - 1998

Persistent link: https://www.econbiz.de/10000659289

The uneasy case for the priority of secured claims in bankruptcy

Bebchuk, Lucian A. - In: The Yale law journal 105 (1996) 4, pp. 857-934

Persistent link: https://www.econbiz.de/10015126114

Leverage and default in binomial economies : a complete characterization

Fostel, Ana; Geanakoplos, John - In: Econometrica : journal of the Econometric Society, an … 83 (2015) 6, pp. 2191-2229

Persistent link: https://www.econbiz.de/10011431541

The Uneasy Case for the Priority of Secured Claims in Bankruptcy : Further Thoughts and a Reply to Critics

Bebchuk, Lucian Arye - 1998

In an earlier article, The Uneasy Case for the Priority of Secured Claims in Bankruptcy,' 105 Yale Law Journal 857 (1996), we suggested that the case for a full priority of secured claims in bankruptcy is an uneasy one. In this paper, we address various reactions and objections to our analysis...

Persistent link: https://www.econbiz.de/10012472333

Corporate board vigilance and insolvency risk : a mediated moderation model of debt maturity and fixed collaterals

Hussain, Rana Yassir; Wen, Xuezhou; Hussain, Haroon; … - In: International journal of management and economics 57 (2021) 1, pp. 14-33

theory, leverage acquisition is subject to the presence of fixed assets which can be used as collateral. The current study …Studies indicate that a consistent rise in insolvency risk should be addressed at the strategic level. Vigilant boards … can use leverage maturity structure as a tool to control insolvency risk. However, according to the information asymmetry …

Persistent link: https://www.econbiz.de/10012519593

Debt Covenant Renegotiations and Creditor Control Rights

Denis, David J. - 2013

Using a large sample of private debt renegotiations from 1996 to 2011, we report that, even in the absence of any covenant violation, debt covenants are frequently renegotiated. These renegotiations primarily relax existing restrictions and result in economically large changes in existing...

Persistent link: https://www.econbiz.de/10013076958

The Paradoxes of Secured Lending : Is There a Less Uneasy Case for the Priority of Secured Claims in Bankruptcy?

Zhang, Wei - 2013

This paper is inspired directly by two articles coauthored by Professors Bebchuk and Fried, which comprehensively questioned the efficiency of the bankruptcy priority awarded to secured claims. It starts by pointing out the following efficiency benefit of such priority largely unmentioned in the...

Persistent link: https://www.econbiz.de/10013091788

The Uneasy Case for the Priority of Secured Claims in Bankruptcy : Further Thoughts and a Reply to Critics

Bebchuk, Lucian A.; Fried, Jesse M. - 2021

Persistent link: https://www.econbiz.de/10013242902

The paradox of pledgeability

Donaldson, Jason Roderick; Gromb, Denis; Piacentino, Giorgia - In: Journal of financial economics 137 (2020) 3, pp. 591-605

Persistent link: https://www.econbiz.de/10012588329

Secured and unsecured debt in creditor-friendly bankruptcy

François, Pascal; Naqvi, Hassan - In: The journal of corporate finance : contracting, … 80 (2023), pp. 1-18

Persistent link: https://www.econbiz.de/10014365661