The Impact of Debtor-Friendly Reforms on the Performance of a Reorganization Procedure

Abstract

Recent changes to Canadian bankruptcy law provide a natural experiment that we use to evaluate the impact of the international trend towards Chapter 11-style reorganization laws. Comparing random samples of reorganizing firms from before and after the law change show that changes to the law are associated with higher incentives for debtors to buy time prior… (More)

Topics

12 Figures and Tables

Slides referencing similar topics