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The Economic Impact of Chapter 11 Bankruptcy versus Out‐of‐Court Restructuring

The Economic Impact of Chapter 11 Bankruptcy versus Out‐of‐Court Restructuring Companies in financial distress have usually been able to choose between working out an agreement with their creditors (“private restructuring”) or entering into more expensive and lengthier formal Chapter 11 bankruptcy proceedings. But 2015 rulings in two cases by the U.S. District Court for the Southern District of New York may force distressed firms to enter Chapter 11 rather than seek negotiated out‐of‐court settlements. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of Applied Corporate Finance Wiley

The Economic Impact of Chapter 11 Bankruptcy versus Out‐of‐Court Restructuring

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References (2)

Publisher
Wiley
Copyright
Copyright © 2016 Cantillon and Mann
ISSN
1078-1196
eISSN
1745-6622
DOI
10.1111/jacf.12211
Publisher site
See Article on Publisher Site

Abstract

Companies in financial distress have usually been able to choose between working out an agreement with their creditors (“private restructuring”) or entering into more expensive and lengthier formal Chapter 11 bankruptcy proceedings. But 2015 rulings in two cases by the U.S. District Court for the Southern District of New York may force distressed firms to enter Chapter 11 rather than seek negotiated out‐of‐court settlements.

Journal

Journal of Applied Corporate FinanceWiley

Published: Dec 1, 2016

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