This Article is the first comprehensive analysis of the complicated voting rules of Chapter 11. Under these rules, only the debtor may propose a plan of reorganization during a lengthy exclusivity period, creditors are placed in classes which vote separately on the plan, voting is based on a bicameral system with both majority and supermajority requirements, and a plan may be confirmed only if, among other things, every nonconsenting creditor receives at least as much as it would have if the firm were liquidated under Chapter Z Chapter 11\u27s rules are idiosyncratic and difficult to understand, yet the literature on these rules is sparse. Several scholars have argued that it should be replaced with a system that avoids voting and relies on...
We develop a contingent claims model of a firm in financial distress with a formal account for reneg...
Chapter 11 of the Bankruptcy Code is the only form of bankruptcy that requires winning the consent o...
The voting rules in Chapter 11 are supposed to ensure that debtor firms are appropriately liquidated...
In this Essay, written for a symposium honoring Sam Gerdano, I offer an assessment of current Chapte...
(Excerpt) In Chapter 11 bankruptcy, after a debtor has submitted a reorganization plan, the creditor...
The voting rules in Chapter 11 are supposed to ensure that debtor firms are appropriately liquidated...
In this Essay, written for a symposium honoring Sam Gerdano, I offer an assessment of current Chapte...
Chapter 11 is widely believed to be among the industrialized world\u27s most debtor-oriented reorgan...
Chapter 11 is widely believed to be among the industrialized world\u27s most debtor-oriented reorgan...
The voting rules in Chapter 11 are supposed to ensure that debtor firms are appropriately liquidated...
(Excerpt) Businesses and, in some cases, individuals who have incurred a significant amount of debt ...
(Excerpt) Businesses and, in some cases, individuals who have incurred a significant amount of debt ...
Governing a corporation during a Chapter 11 reorganization presents a special case of the age-old pr...
In the 1980s and early 1990s, many observers believed that the American corporate bankruptcy laws we...
In the 1980s and early 1990s, many observers believed that the American corporate bankruptcy laws we...
We develop a contingent claims model of a firm in financial distress with a formal account for reneg...
Chapter 11 of the Bankruptcy Code is the only form of bankruptcy that requires winning the consent o...
The voting rules in Chapter 11 are supposed to ensure that debtor firms are appropriately liquidated...
In this Essay, written for a symposium honoring Sam Gerdano, I offer an assessment of current Chapte...
(Excerpt) In Chapter 11 bankruptcy, after a debtor has submitted a reorganization plan, the creditor...
The voting rules in Chapter 11 are supposed to ensure that debtor firms are appropriately liquidated...
In this Essay, written for a symposium honoring Sam Gerdano, I offer an assessment of current Chapte...
Chapter 11 is widely believed to be among the industrialized world\u27s most debtor-oriented reorgan...
Chapter 11 is widely believed to be among the industrialized world\u27s most debtor-oriented reorgan...
The voting rules in Chapter 11 are supposed to ensure that debtor firms are appropriately liquidated...
(Excerpt) Businesses and, in some cases, individuals who have incurred a significant amount of debt ...
(Excerpt) Businesses and, in some cases, individuals who have incurred a significant amount of debt ...
Governing a corporation during a Chapter 11 reorganization presents a special case of the age-old pr...
In the 1980s and early 1990s, many observers believed that the American corporate bankruptcy laws we...
In the 1980s and early 1990s, many observers believed that the American corporate bankruptcy laws we...
We develop a contingent claims model of a firm in financial distress with a formal account for reneg...
Chapter 11 of the Bankruptcy Code is the only form of bankruptcy that requires winning the consent o...
The voting rules in Chapter 11 are supposed to ensure that debtor firms are appropriately liquidated...