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Recent Evidence on the Distribution Patterns in Chapter 11 Reorganizations (Classic Reprint) - Tapa blanda
Sinopsis
Explore how bankruptcy law shapes who gets paid in Chapter 11 restructurings. This study analyzes how often the absolute priority rule is violated across real-world cases and what that means for creditors and equity holders.
In a focused look at 26 firms emerging from Chapter 11 between 1988 and 1990, the book examines who receives distributions and how recovery varies by claim type and security. It highlights patterns across secured and unsecured creditors, as well as equity holders, with concrete recovery numbers and case examples.
- Evidence showing frequent deviations from the absolute priority rule in reorganization plans
- Comparative recovery rates for different debt and equity classes
- Discussion of factors that influence negotiation outcomes and plan approvals
Ideal for readers seeking a practical, data-driven view of bankruptcy outcomes and the forces that shape distributions in corporate reorganizations.
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Reseña del editor
Excerpt from Recent Evidence on the Distribution Patterns in Chapter 11 Reorganizations
In this paper we continue with this investigation of the extent of violation of absolute priority for publicly-traded firms that emerged from Chapter 11 between September 1, 1988 and April 1, 1990. We also determine which asset class bears the cost of violations of absolute priority and derive an initial estimate of total distributed value relative to liquidation value.
Before we discuss our sample and empirical evidence, we review the five hypotheses suggested in the literature to explain why one might expect a violation of absolute priority in reorganizations.
About the Publisher
Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com
This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
Reseña del editor
Excerpt from Recent Evidence on the Distribution Patterns in Chapter 11 Reorganizations
When a firm files a bankruptcy petition, it will generally either be liquidated under Chapter 7 of the Bankruptcy Code or be reorganized, under' Chapter 11. (occasionally; a. Debtor 'will liquidate under Chapter Once a company files for protection under the Bankruptcy Code, the company generally becomes a debtor-ih-possession, and continues to operate its business under the supervision of the court. The purpose of the Bankruptcy Code is to give the debtor: (1) time to decide whether to reorganize or liquidate; and (2) time to formulate a plan of chosen action.
When a firm is liquidated, creditors receive distributions based on the absolute priority rule to the extent assets are available The absolute priority rule is the principle that senior creditors are paid in full before junior creditors are paid anything.1 For secured creditors and unsecured creditors, the absolute priority rule guarantees their seniority to equity holders.
In liquidations, the absolute priority rule generally holds.
About the Publisher
Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com
This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
"Sobre este título" puede pertenecer a otra edición de este libro.
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Recent Evidence on the Distribution Patterns in Chapter 11 Reorganizations
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Paperback. Condición: New. Print on Demand. This book investigates the distribution of assets, specifically in firms emerging from Chapter 11 bankruptcy reorganization. It concerns the often-violated 'absolute priority rule', which states that, during liquidation, senior creditors must be paid in full before junior creditors receive any distribution. However, in practice, the authors find that this rule is often breached; creditors' incentives to reduce bankruptcy costs, and the influence of stockholders on reorganization plans, among other reasons, result in secured creditors, unsecured creditors, and equity holders receiving a distribution that diverges from legal entitlement. Such violations raise questions about the true entitlements of different asset classes and also about the relative importance of different hypotheses explaining the phenomenon. The authors conclude that no single hypothesis is correct for all firms, but that the relative importance of different hypotheses depends on the specifics of each reorganization. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item. Nº de ref. del artículo: 9781333749040_0
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Recent Evidence on the Distribution Patterns in Chapter 11 Reorganizations Classic Reprint
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PAP. Condición: New. New Book. Shipped from UK. Established seller since 2000. Nº de ref. del artículo: LW-9781333749040
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Recent Evidence on the Distribution Patterns in Chapter 11 Reorganizations Classic Reprint
Librería: PBShop.store UK, Fairford, GLOS, Reino Unido
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PAP. Condición: New. New Book. Shipped from UK. Established seller since 2000. Nº de ref. del artículo: LW-9781333749040
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Recent Evidence on the Distribution Patterns in Chapter 11 Reorganizations (Classic Reprint)
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Forgotten Books, 2018
ISBN 10: 133374904X
ISBN 13: 9781333749040
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Librería: Bulrushed Books, Moscow, ID, Estados Unidos de America
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Condición: Like New. In unused condition, may show some slight shelf wear, but otherwise unread. This title was digitally scanned from a rare, out of print edition, and will have some visual artifacts from that process. Nº de ref. del artículo: #252B-0081
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