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As is known, there is no rule satisfying Adittivity on the complete domain of bankruptcy problems. This paper explores some Partial-Adittivity properties in this context. We determine that Adittivity restricted to bankruptcy problems which in some way keep the conflictivity of the creditors'...
Persistent link: https://www.econbiz.de/10014210329
This unique proposal is an effort to reduce the number of foreclosures currently being processed in America. The proposal offers a solution that would stabilize real estate markets while minimizing the number of foreclosures and keeping homeowners in their homes. The bases of this proposal are...
Persistent link: https://www.econbiz.de/10014210471
The sharp fall of property prices after the Asian financial crisis has led many residential mortgage holders in Hong Kong to experience negative equity. Among other factors, this study looks at the impact of negative equity on the probability of default on mortgage loans, which is an important...
Persistent link: https://www.econbiz.de/10014211092
We show that very little is needed to create liquidity under-supply in equilibrium. Credit constraints on demand by … themselves can cause an under-supply of liquidity, without the uncertainty, intermediation, asymmetric information or complicated …
Persistent link: https://www.econbiz.de/10014211277
The law of insolvency can trace its early modern beginnings to the equitable jurisdiction of the Court of Chancery. It is therefore unsurprising to note that throughout the development of the subject of insolvency numerous questions surrounding the law of trusts have percolated through for...
Persistent link: https://www.econbiz.de/10014211281
This article examines the several competing systems proposed for international cooperation in the bankruptcy cases of multinational companies and concludes that a cooperative form of territoriality would work best. Universalism, the system that currently dominates the scholarship, diplomacy, and...
Persistent link: https://www.econbiz.de/10014211605
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In Australia, financial hardship caused by over-indebtedness is no longer only experienced by the most vulnerable social group but is now prevalent among the general population. This scoping paper analyses the money advice and debt management system in Australia with emphasis on their...
Persistent link: https://www.econbiz.de/10013541872