Add to ORKGMost nations have enacted statutes governing business liquidation and reorganization. These statutes are the primary focus when policymakers and scholars discuss ways to improve laws governing business failure. This focus is misplaced, at least for distressed small businesses in the United States. Evidence from a major credit bureau shows that over eighty percent of these businesses liquidate or reorganize without invoking the formal Bankruptcy Code. The businesses instead invoke procedures derived from the laws of contracts, secured lending, and trusts. These procedures can be cheaper and speedier than a formal bankruptcy filing, but they typically require unanimous consent of senior, secured lenders. This essay identifies the conditions u...
Professor Carter Snead delivered a lecture “The Law, Ethics and Public Policy of Assisted Suicide: A...
The power of the state to compulsorily acquire the privately held real property of citizens is recog...
UpFront: Looking Backwards to Move Forward -- Nance Receives $1 Million Gift -- EMBA Class of 2009 V...
When credit markets froze up in the fall of 2008, many economists pronounced the crisis both inexpli...
A junior mortgage lien cannot be stripped off in a Chapter 7 bankruptcy just because it is entirely ...
The United States is a distinctive case for studying the way extensive direct democracy can affect f...
In order to understand the nature of the rights asserted here, it is important to properly classify ...
In large Chapter 11 cases, the prototypical creditor is no longer a small player holding a claim muc...
The management of catastrophic risk comprises a growing social, political, and economic challenge of...
What kinds of services and support should be expected after the sale? Vendors are increasingly provi...
Each library’s budget is unique; however, the importance of providing information about the budget i...
The increase in institutional ownership of recent decades has been accompanied by an enhanced role p...
The long-term health and stability of the social security program is currently being threatened by s...
UpFront: Looking Back at a Successful Year -- EMBA Students Provide Solutions to Enterprise Problems...
This paper discusses the need for better information on investment risks. The information should be ...
Professor Carter Snead delivered a lecture “The Law, Ethics and Public Policy of Assisted Suicide: A...
The power of the state to compulsorily acquire the privately held real property of citizens is recog...
UpFront: Looking Backwards to Move Forward -- Nance Receives $1 Million Gift -- EMBA Class of 2009 V...
When credit markets froze up in the fall of 2008, many economists pronounced the crisis both inexpli...
A junior mortgage lien cannot be stripped off in a Chapter 7 bankruptcy just because it is entirely ...
The United States is a distinctive case for studying the way extensive direct democracy can affect f...
In order to understand the nature of the rights asserted here, it is important to properly classify ...
In large Chapter 11 cases, the prototypical creditor is no longer a small player holding a claim muc...
The management of catastrophic risk comprises a growing social, political, and economic challenge of...
What kinds of services and support should be expected after the sale? Vendors are increasingly provi...
Each library’s budget is unique; however, the importance of providing information about the budget i...
The increase in institutional ownership of recent decades has been accompanied by an enhanced role p...
The long-term health and stability of the social security program is currently being threatened by s...
UpFront: Looking Back at a Successful Year -- EMBA Students Provide Solutions to Enterprise Problems...
This paper discusses the need for better information on investment risks. The information should be ...
Professor Carter Snead delivered a lecture “The Law, Ethics and Public Policy of Assisted Suicide: A...
The power of the state to compulsorily acquire the privately held real property of citizens is recog...
UpFront: Looking Backwards to Move Forward -- Nance Receives $1 Million Gift -- EMBA Class of 2009 V...