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bankruptcy
(130 results)-
White Papers
How To Get An Unsecured Loan After Bankruptcy - Rebuild Your Credit History Good
Apr 2009
The word "Bankruptcy" does not let you to apply for the regular loan and you do not have any other source of income. Then you do not have to fret how to manage for the cash now. Unsecured loan...
Provided by Article Slide
-
Case Studies
Eldorado Hotel Casino & Silver Legacy Resort Casino
Aug 2009
The Silver Legacy Resort casino and its sister property both faced problems when their legacy communications solutions reached end of life. Download this case study to see how they partnered with...
Provided by NEC
-
White Papers
Maximizing Chapter 11 Success: Five Critical Areas For Chief Restructuring Officers
Dec 2009
A staggering 85% of Chapter 11 Bankruptcy cases never make it to a confirmed plan of reorganization. In fact, lack of cash causes many companies to liquidate within a few weeks after filing. Many...
Provided by Bank of America
-
White Papers
Saving Your Company Through Business Bankruptcy
Feb 2010
Business bankruptcy can be defined as a situation in which an organization has more liabilities than the assets and becomes incapable of meeting the financial obligations. All types of business...
Provided by Free Articles Directory
-
White Papers
How To Recover From Bankruptcy
Jan 2010
You can get back on track after filing for bankruptcy. While you're recovering from bankruptcy, the financial moves you make will impact how fast your credit score improves. Here's how to recover...
Provided by Bank of America
-
White Papers
Leverage, Value And Firm Scope
Oct 2008
This paper observes that holding-subsidiary structures (HS) provide a conditional guarantee to their lenders, and compares it to both the unconditional guarantee binding conglomerate divisions and...
Provided by City University of London (Cass)
-
White Papers
Bankruptcy, CEO Retention And The Evolution Of Contractual Practices
Mar 2009
This paper provides empirical evidence on the changing nature of agency problems between managers and creditors in firms filing for chapter 11 between the 1980s and 1990s. The author fined that...
Provided by University of Pittsburgh
-
White Papers
Corporate Social Responsibility And Financial Distress
Sep 2007
Using both multivariate regressions, simultaneous nonlinear equations and a discrete time hazard model, I find that the level of CSR (Corporate Social Responsibility) in a firm, proxied by KLD...
Provided by City University of London (Cass)
-
White Papers
Your Biggest Customer Just Went Bankrupt - Now What?
Jul 2010
According to the American Bankruptcy Institute (ABI), 69 percent of the 61,148 business bankruptcies declared during the 12-month period ending in March 2010 were Chapter 7 liquidations. In most...
Provided by American Express
-
White Papers
Small Business Debt Relief - How To Get Debt Relief For Small Business Financial Trouble
Dec 2009
There are many incentives to tackle small business debt problems immediately. For starters, the economy is showing signs of recovery. Secondly, the stimulus package still in operation and lenders...
Provided by SooperArticles
-
White Papers
Small Business Debt Emergencies - Why Small Business Debt Relief Is Not As Hard As You Think
Dec 2009
The global economic recession has gripped the modern world. Majority of the enterprise and established companies have tasted the flavor of global meltdown. But, naturally the overall impact of...
Provided by SooperArticles
-
White Papers
The Credit Market Consequences Of Job Displacement
Mar 2010
This paper demonstrates the important role of job displacement in the household bankruptcy decision. The author develops a dynamic, forward-looking model of unemployment and bankruptcy where...
Provided by Board of Governors of the Federal Reserve System
-
White Papers
Should Risky Firms Offer Risk-Free DB Pensions?
Apr 2009
This paper develops a simple model of pension financing to study the effects of pension risk on shareholder value. In the model, firms minimize costs, total compensation must clear the labor...
Provided by Board of Governors of the Federal Reserve System
-
White Papers
Bankruptcy And Firm Dynamics: The Case Of The Missing Firms
Feb 2010
Financial frictions have been documented to be an important factor behind the evolution of firms across the world. Within the theoretical strand of the literature, enforcement and information...
Provided by International Monetary Fund
-
White Papers
Deleveraging After Lehman-Evidence From Reduced Rehypothecation
Mar 2009
Rehypothecation is the practice that allows collateral posted by, say, a hedge fund to their prime broker to be used again as collateral by that prime broker for its own funding. In the United...
Provided by International Monetary Fund
-
White Papers
Structuring And Restructuring Sovereign Debt: The Role Of A Bankruptcy Regime
Aug 2007
In an environment characterized by weak contractual enforcement, sovereign lenders can enhance the likelihood of repayment by making their claims more difficult to restructure ex post. The authors...
Provided by International Monetary Fund
-
White Papers
Money For Nothing And Checks For Free: Recent Developments In U.S. Subprime Mortgage Markets
Jul 2007
After a number of warning signs, the U.S. "subprime mortgage crisis" became a headline issue in February 2007. Notwithstanding the bankruptcy of numerous mortgage companies, historically high...
Provided by International Monetary Fund
-
White Papers
21st Century Human Capital Management: Adapting to the Demands of Change (Row Henson Book Chapter)
Apr 2009
New Book chapter written by Row Henson, an Oracle HCM Fellow, from the IHRIM book "21 Tomorrows : HR Systems in the Emerging Workplace of the 21st Century". This chapter focusing on the...
Provided by Oracle
-
White Papers
Unsecured Debt, Consumer Bankruptcy, And Small Business
Feb 2008
In this paper the authors develop a quantitative model of entrepreneurial activity (risk-taking) and consumer bankruptcy choices and use the model to study the effects of bankruptcy regulations on...
Provided by Bank of Canada
-
White Papers
Bankruptcy Regimes During Financial Distress
May 2009
A question frequently asked at the onset of economic crises is whether the existing bankruptcy regimes can adequately deal with the increase in corporate and bank failures. This paper describes...
Provided by World Bank Group
-
White Papers
Managing Environmental Risk With Bankruptcy
Nov 2010
During the 12 month period ending September 30th 2008, the rate of businesses filing for Chapter 11 Bankruptcy protection increased by 49% over the prior year according to the Administrative...
Provided by Marsh
-
White Papers
Moral Hazards: Special Purpose Vehicles, Bankruptcy Remoteness And Non-Recourse Lending
Feb 2010
It has long been understood that moral hazard arises in debt financing. This paper considers the implications of moral hazard issues when a firm makes a sequence of investments and creditors...
Provided by University of California, Los Angeles (Anderson)
-
White Papers
Legal Research Digest: The Impact Of Airline Bankruptcies On Airports
May 2009
Papers produced by the Airport Continuing Legal Studies Project and published as ACRP Legal Research Digests are developed to assist these attorneys seeking to deal with the myriad of legal...
Provided by National Academy of Sciences
-
White Papers
Automobile Bankruptcies, Retiree Benefits, And The Futility Of Springing Priorities In Chapter 11 Reorganizations
Nov 2010
The strategic use of section 363 asset sales in reorganization cases is becoming so common that some courts and commentators predict that the asset-sale route to a chapter 11 plan confirmation may...
Provided by University of Iowa
-
White Papers
Misbehavior And Mistake In Bankruptcy Mortgage Claims
Nov 2007
The greatest fear of many families in serious financial trouble is that they will lose their homes. Bankruptcy offers a last chance for families save their houses by halting a foreclosure and by...
Provided by University of Iowa
-
White Papers
E-Discovery In Bankruptcy Cases: Everything You Need To Know To Be Prepared
Mar 2009
This white paper is designed to help quickly get up to speed on e-discovery. More important, it will outline challenges unique to the bankruptcy practitioner and provide a simple e-discovery...
Provided by Renew Data
-
White Papers
The Intersection Of State Law And Bankruptcy
Mar 2009
An understanding of the relationship between state and federal bankruptcy laws is not complete without a review of bankruptcy's beginnings in the formation of this country. The inclusion of a...
Provided by White & Allen
-
White Papers
Financial Ratios And The Prediction Of Bankruptcy: The Ohlson Model Applied To Chinese Publicly Traded Companies
Feb 2010
This study re-examines the well-known Ohlson (1980) model on firm failure prediction. The data come from china publicly listed companies and cover a range of 11 years (1998-2008). The Ohlson...
Provided by Montana State University Billings
-
White Papers
Bankruptcy Reform And Credit Cards
Jul 2007
From 1980 to 2004, the number of personal bankruptcy filings in the United States increased more than five-fold, from 288,000 to 1.5 million per year. Lenders responded to the high filing rate...
Provided by National Bureau of Economic Research
-
White Papers
A Non-cooperative Support For Equal Division In Estate Division Problems
Nov 2008
The authors consider estate division problems, a generalization of bankruptcy problems. They show that in a direct revelation claim game, if the underlying division rule satisfies efficiency,...
Provided by Harvard Business School
-
White Papers
Discriminant Methods For Bankruptcy Prediction - Theory And Applications
Jul 2010
Discriminant analysis consists of assigning an individual to two (or more) distinct populations, on the basis of observations of several characters of the individuals and a sample of observations...
Provided by Vilniaus Universiteto Leidykla
-
White Papers
Insolvency Of An Enterprise And Methods Of Financial Analysis For Predicting It
May 2010
The purpose of this paper is to draw attention to the topical problem of entity-level insolvency and the insolvency prediction models. Definitions, symptoms, causes and factors affecting...
Provided by Vilnius University
-
White Papers
Sovereign Bankruptcy In The European Union In The Comparative Perspective
Nov 2010
This paper distinguishes four alternative sovereign debt resolution mechanisms: pure market solutions, modified market solutions, crisis lending by the IMF and other institutions, and the proposed...
Provided by Peter G. Peterson Institute for International Economics
-
White Papers
Sovereign Bankruptcy In The EU In The Comparative Perspective
Dec 2010
The fiscal situation in Greece has focused attention on the issue of sovereign bankruptcy in the Eurozone or - more broadly - in the EU. However, it is difficult to discuss this problem in a...
Provided by Peter G. Peterson Institute for International Economics
-
White Papers
From Distress To Exit: Determinants Of The Time To Exit
May 2009
This paper analyses the duration of the time to exit of distressed firms, differentiating between involuntary exits (mainly bankruptcies) and voluntary liquidations. It examines how long firms...
Provided by Vlerick Leuven Gent Management School
-
White Papers
The Rise And Fall Of The Nonconventional Mortgage Industry
Apr 2010
The 2007-2009 financial crises were centered on the nonconventional mortgage industry. Scholars have just begun to carefully consider what really caused the crisis. This paper pushes the debate...
Provided by University of California
-
White Papers
On The Geographic And Cultural Determinants Of Bankruptcy
Jun 2007
This paper examines the role of geography and culture in explaining firm bankruptcy. The authors adopt survival analyses to model the bankruptcy risk of a firm, allowing for time-varying...
Provided by University of St. Gallen
-
White Papers
Hedge Funds As Liquidity Providers: Evidence From The Lehman Bankruptcy
Aug 2009
Using the September 15, 2008 bankruptcy of Lehman Brothers as an exogenous shock to funding costs, the authors show that hedge funds act as liquidity providers. Hedge funds using Lehman as prime...
Provided by The Wharton Financial Institutions Center
-
White Papers
The Spanish Business Bankruptcy Puzzle And The Crisis
Mar 2010
Spain has the world's lowest business bankruptcy rate (number of formal business bankruptcies divided by number of firms). The authors document this fact, analyze the Spanish institutional...
Provided by FEDEA Foundation
-
White Papers
Complex Mortgages
Nov 2010
Complex mortgages became a popular borrowing instrument during the bullish housing market of the early 2000s but vanished rapidly during the subsequent downturn. These non-traditional loans...
Provided by Federal Reserve Bank of Chicago
-
White Papers
A Distinction Between Business Groups And Diversified Firms: The Limited Liability Effect
Apr 2009
An affiliate of a business group is an independent legal entity which can raise its own external capital with limited liability while a division of a diversified firm is not. In spite of the...
Provided by Korea Advanced Institute of Science and Technology
-
White Papers
Predicting The Corporate Failure Of Non-Listed Companies
Sep 2007
Employing a unique sample consisting of over 10,000 unlisted firms which fail in the year 2005, the authors undertake a comprehensive analysis of the determinants of corporate failure among...
Provided by University of Bristol
-
White Papers
Filtering Speed In A Continental European Reorganization Procedure
Oct 2007
Recent empirical studies of U.S. show it is a relatively efficient procedure. The authors examine reorganization cases in a Continental European, creditor-oriented bankruptcy system, viz. Belgium,...
Provided by Lessius
-
White Papers
Business Cycles And The Bankruptcy Code: A Structural Approach
Jan 2011
The authors develop a structural equilibrium model with business cycles and use it to examine the economic implications of voluntary filing for bankruptcy. They find that conflict of interests...
Provided by McGill University
-
White Papers
Judicial Discretion In Corporate Bankruptcy
Dec 2007
The authors study a demand and supply model of judicial discretion in corporate bankruptcy. On the supply side, they assume that bankruptcy courts may be biased for debtors or creditors, and...
Provided by Universitat Pompeu Fabra
-
White Papers
Did Bankruptcy Reform Cause Mortgage Default Rates To Rise?
Apr 2010
This paper argues that the U.S. bankruptcy reform of 2005 played an important role in the mortgage crisis and the current recession. When debtors file for bankruptcy, credit card debt and other...
Provided by Federal Reserve Bank of Philadelphia
-
White Papers
Endogenous Bankruptcy And Expected Recovery
May 2010
Using a large sample of filings from 1996 to 2007 the authors find that the endogenously determined expected recovery derived from Leland and Toft (1996) has strong explanatory power on debt...
Provided by Queen's University
-
White Papers
Conflicts In Bankruptcy And The Sequence Of Debt Issues
Jun 2009
The authors present a model that shows how interactions between creditor groups in bankruptcy can affect the debt issuance decisions of firms. In particular, they suggest that deviations from APR...
Provided by University of Pennsylvania
-
White Papers
Financial Versus Social Efficiency Of Corporate Bankruptcy Law: The French Dilemma?
Dec 2007
In this paper, the authors study the French dilemma associated to court administered resolution of corporate financial distresses: bankruptcy courts have to combine both social efficiency...
Provided by University of Luxembourg
-
White Papers
Did Bankruptcy Reform Fail? An Empirical Study Of Consumer Debtors
Oct 2008
Before 2005, many people went broke and many filed for bankruptcy. After 2005, many people still go broke, but not so many file for bankruptcy. Why has the number of bankruptcies declined? Surely...
Provided by Ohio University
-
White Papers
A Hybrid Model For Bankruptcy Prediction Using Genetic Algorithm, Fuzzy C-Means And Mars
Feb 2011
Bankruptcy prediction is very important for all the organization since it affects the economy and rise many social problems with high costs. There are large number of techniques have been...
Provided by Pondicherry University
-
White Papers
Bankruptcy Prediction In Norway: A Comparison Study
Jun 2007
In this paper, the authors develop statistical models for bankruptcy prediction of Norwegian firms in the limited liability sector using annual balance sheet information. They fit generalized...
Provided by Technische Universitat Munchen
-
White Papers
Corporate And Personal Bankruptcy Law
Jul 2011
Bankruptcy is the legal process by which the debts of firms, individuals, and occasionally governments in financial distress are resolved. Bankruptcy law always includes three components. First,...
Provided by National Bureau of Economic Research
-
Webcasts
The Newspaper Industry; Polling The Arab World; And CAFE Standards
May 2009
With newspapers going under and declaring bankruptcy, one of the presenters debates the future of the industry with the vice president and director of the Governance Studies program at Brookings;...
Provided by Brookings Institution
-
White Papers
Bankruptcy Risk Model And Empirical Tests
Nov 2010
The authors analyze the size-dependence and temporal stability of firm bankruptcy risk in the US economy by applying Zipf scaling techniques. They focus on a single risk factor - the debt-to-asset...
Provided by Boston University
-
White Papers
Default Penalty As A Disciplinary And Selection Mechanism In Presence Of Multiple Equilibria
Oct 2009
Closed exchange and production-and-exchange economies may have multiple equilibria, a fact that is usually ignored in macroeconomic models. The basic argument is that default and bankruptcy laws...
Provided by Yale University
-
White Papers
A Re-Evaluation Of Auditor~s Opinions Versus Statistical Models In Bankruptcy Prediction
Aug 2010
Existent empirical evidence on the relative performance of auditors' going concern opinions versus statistical models in predicting bankruptcy is mixed. This paper attempts to add new reliable...
Provided by Rutgers, State University of New Jersey
-
White Papers
On The Determinants Of Bankruptcy Prediction
Feb 2008
Structural credit models formulate the capital structure of the firm and hence have been used widely for predicting bankruptcy. Yet no paper has compared a wide variety of models with a nested set...
Provided by Rutgers, State University of New Jersey
-
White Papers
Who Invests In Home Equity To Exempt Wealth From Bankruptcy?
May 2011
Homestead exemptions to personal bankruptcy allow households to retain their home equity up to a limit determined at the state level. Households that may experience bankruptcy thus have an...
Provided by European Central Bank
-
White Papers
Debt Valuation And Chapter 22
Nov 2010
Numerous studies have examined the effect on credit spreads of renegotiation. These studies have generally focused on the impact on spread levels in general, and not on how renegotiation...
Provided by University of London
-
White Papers
Bankruptcy Law And Credit Market: A General-Equilibrium Approach
Nov 2007
This paper has as its main objective to analyze the best bankruptcy procedure considering the conflict of interests between managers, secured creditors and trade creditors. Such trade-off is...
Provided by FUCAPE Business School
-
White Papers
Causes Of Bankruptcy In Europe And Croatia
Nov 2007
Bankruptcy is an interesting object of research, being habitually perceived as a shocking and scandalous event, tarnishing management reputation, stigmatizing its owners, and regularly leading to...
Provided by Munich Personal Repec Archive
-
White Papers
Investment Complementarities, Coordination Failure And Systemic Bankruptcyd~
Jul 2007
The author argues that systemic bankruptcy of firms can originate from coordination failure in an economy with investment complementarities. This new explanation about the origin of systemic...
Provided by Queen's Economics Department
-
White Papers
Conglomeration With Bankruptcy Costs: Separate Or Joint Financing?
Jul 2010
The paper analyzes the determinants of the optimal scope of incorporation in the presence of bankruptcy costs. Bankruptcy costs alone generate a non-trivial tradeoff between the benefit of...
Provided by Universitat Pompeu Fabra
-
White Papers
The Homeownership Experience Of Households In Bankruptcy
Aug 2008
This paper provides the first in-depth analysis of the homeownership experience of households in bankruptcy. The authors consider households who are homeowners at the time of filing. These...
Provided by Federal Reserve Bank of Philadelphia
-
White Papers
« Financial Versus Social Efficiency Of Corporate Bankruptcy Law : The French Dilemma ?»
Mar 2009
The authors study the French dilemma associated with court administered resolution of corporate financial distress of firms, in which bankruptcy courts have to combine both social efficiency...
Provided by Université de Strasbourg
-
White Papers
Bankruptcy Law And Practice In 19th Century France
Dec 2007
In this paper, the authors try to measure the impact of the changes in French bankruptcy law in the 19th century focusing on the behaviour of economic agents as users of bankruptcy law for the...
Provided by Paris-Jourdan Sciences Economiques
-
White Papers
A Coalitional Procedure Leading To A Family Of Bankruptcy Rules
Sep 2010
The authors provide a general coalitional procedure that characterizes a family of rules for bankruptcy problems inspired by the Talmud. A bankruptcy problem refers to a situation in which one has...
Provided by Universite Catholique de Louvain
-
White Papers
Bankruptcy: Is It Enough To Forgive Or Must We Also Forget?
Apr 2011
In many countries, lenders are restricted in their access to information about borrowers' past defaults. The authors study this provision in a model of repeated borrowing and lending with moral...
Provided by Federal Reserve Bank of Philadelphia
-
White Papers
The Relationship Between Bankruptcy Risk And Growth For Non-Listed Firms
Dec 2010
The authors investigate the relationship between bankruptcy risks and expected future sales growth for Norwegian non-listed firms for the period 1988-2007. They find that firms with high...
Provided by Norges Bank
-
White Papers
The Influence Of The Business Cycle On Bankruptcy Probability
Aug 2008
The author combines two fields of research on default prediction by empirically testing a bankruptcy prediction function where unlisted firms are evaluated on the basis of both their financial...
Provided by Statistics Norway
-
White Papers
Seismic Effects Of The Bankruptcy Reform
Feb 2009
The authors argue that the 2005 Bankruptcy Abuse Reform (BAR) contributed to the surge in subprime foreclosures that followed its passage. Before BAR, over-indebted mortgagors could free up income...
Provided by Federal Reserve Bank of New York
-
White Papers
Modeling Share Prices Of Banks And Bankrupts
Mar 2010
Share prices of financial companies from the S&P 500 list have been modeled by a linear function of consumer price indices in the USA. The Johansen and Engle-Granger tests for cointegration both...
Provided by Munich Personal Repec Archive
-
White Papers
Accounting For The Rise In Consumer Bankruptcies
Sep 2007
Personal bankruptcies in the United States have increased dramatically, rising from 1.4 per thousand working age population in 1970 to 8.5 in 2002. The authors use a heterogeneous agent life-cycle...
Provided by National Bureau of Economic Research
-
White Papers
Are The Bankrupt Skies The Friendliest?
Sep 2010
The authors use data from the US airline industry to investigate whether firms that are under bankruptcy protection, as well as these firms' product market rivals, change the quality of the...
Provided by Munich Personal Repec Archive
-
White Papers
Creditor Passivity: The Effects Of Bank Competition And Institutions On The Strategic Use Of Bankruptcy Filings
Sep 2007
Why do banks remain passive? In a model of bank-firm relationship the authors study the trade-off a bank faces when having defaulting firms declared bankrupt. First, the bank receives a payoff if...
Provided by University of Munich
-
White Papers
Saving Your Home In Chapter 13 Bankruptcy
Apr 2009
This paper examines how filing for bankruptcy under Chapter 13 helps financially distressed debtors save their homes. The authors develop a model of debtors' decisions to default on their...
Provided by National Bureau of Economic Research
-
White Papers
A Noncooperative Approach To Bankruptcy Problems With An Endogenous Estate
May 2010
The authors introduce a new class of bankruptcy problems in which the value of the estate is endogenous and depends on agents' investment decisions. There are two investment alternatives:...
Provided by Maastricht University
-
White Papers
Personal Bankruptcy: Reconciling Adverse Events And Strategic Timing Hypotheses Using Heterogeneity In Filing Types
Feb 2011
The strategic timing and adverse events hypotheses of personal bankruptcy have received particular attention. Existing research focuses on proving or disproving either hypothesis, using a strict...
Provided by University of Kansas
-
White Papers
Macro Stress Testing With Sector Specific Bankruptcy Models
Feb 2008
This paper employs the methodology of Wilson (1997) on Hungarian data to conduct a macro stress test in relation to banks' corporate loan portfolio. First, sector specific models of bankruptcy are...
Provided by Magyar Nemzeti Bank
-
White Papers
Bankruptcy Regimes During Financial Distress
May 2009
A question frequently asked at the onset of economic crises is whether the existing bankruptcy regimes can adequately deal with the increase in corporate and bank failures. This paper describes...
Provided by World Bank Group
-
White Papers
How To Get An Unsecured Loan After Bankruptcy - Rebuild Your Credit History Good
Apr 2009
The word "Bankruptcy" does not let you to apply for the regular loan and you do not have any other source of income. Then you do not have to fret how to manage for the cash now. Unsecured loan...
Provided by Article Slide
-
Case Studies
Eldorado Hotel Casino & Silver Legacy Resort Casino
Aug 2009
The Silver Legacy Resort casino and its sister property both faced problems when their legacy communications solutions reached end of life. Download this case study to see how they partnered with...
Provided by NEC
-
White Papers
Maximizing Chapter 11 Success: Five Critical Areas For Chief Restructuring Officers
Dec 2009
A staggering 85% of Chapter 11 Bankruptcy cases never make it to a confirmed plan of reorganization. In fact, lack of cash causes many companies to liquidate within a few weeks after filing. Many...
Provided by Bank of America
-
White Papers
Saving Your Company Through Business Bankruptcy
Feb 2010
Business bankruptcy can be defined as a situation in which an organization has more liabilities than the assets and becomes incapable of meeting the financial obligations. All types of business...
Provided by Free Articles Directory
-
White Papers
How To Recover From Bankruptcy
Jan 2010
You can get back on track after filing for bankruptcy. While you're recovering from bankruptcy, the financial moves you make will impact how fast your credit score improves. Here's how to recover...
Provided by Bank of America
-
White Papers
Leverage, Value And Firm Scope
Oct 2008
This paper observes that holding-subsidiary structures (HS) provide a conditional guarantee to their lenders, and compares it to both the unconditional guarantee binding conglomerate divisions and...
Provided by City University of London (Cass)
-
White Papers
Bankruptcy, CEO Retention And The Evolution Of Contractual Practices
Mar 2009
This paper provides empirical evidence on the changing nature of agency problems between managers and creditors in firms filing for chapter 11 between the 1980s and 1990s. The author fined that...
Provided by University of Pittsburgh
-
White Papers
Corporate Social Responsibility And Financial Distress
Sep 2007
Using both multivariate regressions, simultaneous nonlinear equations and a discrete time hazard model, I find that the level of CSR (Corporate Social Responsibility) in a firm, proxied by KLD...
Provided by City University of London (Cass)
-
White Papers
Your Biggest Customer Just Went Bankrupt - Now What?
Jul 2010
According to the American Bankruptcy Institute (ABI), 69 percent of the 61,148 business bankruptcies declared during the 12-month period ending in March 2010 were Chapter 7 liquidations. In most...
Provided by American Express
-
White Papers
Small Business Debt Relief - How To Get Debt Relief For Small Business Financial Trouble
Dec 2009
There are many incentives to tackle small business debt problems immediately. For starters, the economy is showing signs of recovery. Secondly, the stimulus package still in operation and lenders...
Provided by SooperArticles
-
White Papers
Small Business Debt Emergencies - Why Small Business Debt Relief Is Not As Hard As You Think
Dec 2009
The global economic recession has gripped the modern world. Majority of the enterprise and established companies have tasted the flavor of global meltdown. But, naturally the overall impact of...
Provided by SooperArticles
-
White Papers
The Credit Market Consequences Of Job Displacement
Mar 2010
This paper demonstrates the important role of job displacement in the household bankruptcy decision. The author develops a dynamic, forward-looking model of unemployment and bankruptcy where...
Provided by Board of Governors of the Federal Reserve System
-
White Papers
Should Risky Firms Offer Risk-Free DB Pensions?
Apr 2009
This paper develops a simple model of pension financing to study the effects of pension risk on shareholder value. In the model, firms minimize costs, total compensation must clear the labor...
Provided by Board of Governors of the Federal Reserve System
-
White Papers
Bankruptcy And Firm Dynamics: The Case Of The Missing Firms
Feb 2010
Financial frictions have been documented to be an important factor behind the evolution of firms across the world. Within the theoretical strand of the literature, enforcement and information...
Provided by International Monetary Fund
-
White Papers
Deleveraging After Lehman-Evidence From Reduced Rehypothecation
Mar 2009
Rehypothecation is the practice that allows collateral posted by, say, a hedge fund to their prime broker to be used again as collateral by that prime broker for its own funding. In the United...
Provided by International Monetary Fund
-
White Papers
Structuring And Restructuring Sovereign Debt: The Role Of A Bankruptcy Regime
Aug 2007
In an environment characterized by weak contractual enforcement, sovereign lenders can enhance the likelihood of repayment by making their claims more difficult to restructure ex post. The authors...
Provided by International Monetary Fund
-
White Papers
Money For Nothing And Checks For Free: Recent Developments In U.S. Subprime Mortgage Markets
Jul 2007
After a number of warning signs, the U.S. "subprime mortgage crisis" became a headline issue in February 2007. Notwithstanding the bankruptcy of numerous mortgage companies, historically high...
Provided by International Monetary Fund
-
White Papers
21st Century Human Capital Management: Adapting to the Demands of Change (Row Henson Book Chapter)
Apr 2009
New Book chapter written by Row Henson, an Oracle HCM Fellow, from the IHRIM book "21 Tomorrows : HR Systems in the Emerging Workplace of the 21st Century". This chapter focusing on the...
Provided by Oracle
-
White Papers
Unsecured Debt, Consumer Bankruptcy, And Small Business
Feb 2008
In this paper the authors develop a quantitative model of entrepreneurial activity (risk-taking) and consumer bankruptcy choices and use the model to study the effects of bankruptcy regulations on...
Provided by Bank of Canada
-
White Papers
Managing Environmental Risk With Bankruptcy
Nov 2010
During the 12 month period ending September 30th 2008, the rate of businesses filing for Chapter 11 Bankruptcy protection increased by 49% over the prior year according to the Administrative...
Provided by Marsh
-
White Papers
Moral Hazards: Special Purpose Vehicles, Bankruptcy Remoteness And Non-Recourse Lending
Feb 2010
It has long been understood that moral hazard arises in debt financing. This paper considers the implications of moral hazard issues when a firm makes a sequence of investments and creditors...
Provided by University of California, Los Angeles (Anderson)
-
White Papers
Legal Research Digest: The Impact Of Airline Bankruptcies On Airports
May 2009
Papers produced by the Airport Continuing Legal Studies Project and published as ACRP Legal Research Digests are developed to assist these attorneys seeking to deal with the myriad of legal...
Provided by National Academy of Sciences
-
White Papers
Automobile Bankruptcies, Retiree Benefits, And The Futility Of Springing Priorities In Chapter 11 Reorganizations
Nov 2010
The strategic use of section 363 asset sales in reorganization cases is becoming so common that some courts and commentators predict that the asset-sale route to a chapter 11 plan confirmation may...
Provided by University of Iowa
-
White Papers
Misbehavior And Mistake In Bankruptcy Mortgage Claims
Nov 2007
The greatest fear of many families in serious financial trouble is that they will lose their homes. Bankruptcy offers a last chance for families save their houses by halting a foreclosure and by...
Provided by University of Iowa
-
White Papers
E-Discovery In Bankruptcy Cases: Everything You Need To Know To Be Prepared
Mar 2009
This white paper is designed to help quickly get up to speed on e-discovery. More important, it will outline challenges unique to the bankruptcy practitioner and provide a simple e-discovery...
Provided by Renew Data
-
White Papers
The Intersection Of State Law And Bankruptcy
Mar 2009
An understanding of the relationship between state and federal bankruptcy laws is not complete without a review of bankruptcy's beginnings in the formation of this country. The inclusion of a...
Provided by White & Allen
-
White Papers
Financial Ratios And The Prediction Of Bankruptcy: The Ohlson Model Applied To Chinese Publicly Traded Companies
Feb 2010
This study re-examines the well-known Ohlson (1980) model on firm failure prediction. The data come from china publicly listed companies and cover a range of 11 years (1998-2008). The Ohlson...
Provided by Montana State University Billings
-
White Papers
Bankruptcy Reform And Credit Cards
Jul 2007
From 1980 to 2004, the number of personal bankruptcy filings in the United States increased more than five-fold, from 288,000 to 1.5 million per year. Lenders responded to the high filing rate...
Provided by National Bureau of Economic Research
-
White Papers
A Non-cooperative Support For Equal Division In Estate Division Problems
Nov 2008
The authors consider estate division problems, a generalization of bankruptcy problems. They show that in a direct revelation claim game, if the underlying division rule satisfies efficiency,...
Provided by Harvard Business School
-
White Papers
Discriminant Methods For Bankruptcy Prediction - Theory And Applications
Jul 2010
Discriminant analysis consists of assigning an individual to two (or more) distinct populations, on the basis of observations of several characters of the individuals and a sample of observations...
Provided by Vilniaus Universiteto Leidykla
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White Papers
Insolvency Of An Enterprise And Methods Of Financial Analysis For Predicting It
May 2010
The purpose of this paper is to draw attention to the topical problem of entity-level insolvency and the insolvency prediction models. Definitions, symptoms, causes and factors affecting...
Provided by Vilnius University
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White Papers
Sovereign Bankruptcy In The European Union In The Comparative Perspective
Nov 2010
This paper distinguishes four alternative sovereign debt resolution mechanisms: pure market solutions, modified market solutions, crisis lending by the IMF and other institutions, and the proposed...
Provided by Peter G. Peterson Institute for International Economics
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White Papers
Sovereign Bankruptcy In The EU In The Comparative Perspective
Dec 2010
The fiscal situation in Greece has focused attention on the issue of sovereign bankruptcy in the Eurozone or - more broadly - in the EU. However, it is difficult to discuss this problem in a...
Provided by Peter G. Peterson Institute for International Economics
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White Papers
From Distress To Exit: Determinants Of The Time To Exit
May 2009
This paper analyses the duration of the time to exit of distressed firms, differentiating between involuntary exits (mainly bankruptcies) and voluntary liquidations. It examines how long firms...
Provided by Vlerick Leuven Gent Management School
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White Papers
The Rise And Fall Of The Nonconventional Mortgage Industry
Apr 2010
The 2007-2009 financial crises were centered on the nonconventional mortgage industry. Scholars have just begun to carefully consider what really caused the crisis. This paper pushes the debate...
Provided by University of California
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White Papers
On The Geographic And Cultural Determinants Of Bankruptcy
Jun 2007
This paper examines the role of geography and culture in explaining firm bankruptcy. The authors adopt survival analyses to model the bankruptcy risk of a firm, allowing for time-varying...
Provided by University of St. Gallen
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White Papers
Hedge Funds As Liquidity Providers: Evidence From The Lehman Bankruptcy
Aug 2009
Using the September 15, 2008 bankruptcy of Lehman Brothers as an exogenous shock to funding costs, the authors show that hedge funds act as liquidity providers. Hedge funds using Lehman as prime...
Provided by The Wharton Financial Institutions Center
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White Papers
The Spanish Business Bankruptcy Puzzle And The Crisis
Mar 2010
Spain has the world's lowest business bankruptcy rate (number of formal business bankruptcies divided by number of firms). The authors document this fact, analyze the Spanish institutional...
Provided by FEDEA Foundation
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White Papers
Complex Mortgages
Nov 2010
Complex mortgages became a popular borrowing instrument during the bullish housing market of the early 2000s but vanished rapidly during the subsequent downturn. These non-traditional loans...
Provided by Federal Reserve Bank of Chicago
