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Recent Evidence on the Distribution Patterns in Chapter 11 Reorganizations (Classic Reprint) - Softcover
Synopsis
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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Recent Evidence on the Distribution Patterns in Chapter 11 Reorganizations
Print on DemandSeller: Forgotten Books, London, United Kingdom
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Paperback. Condition: 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. Seller Inventory # 9781333749040_0
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Recent Evidence on the Distribution Patterns in Chapter 11 Reorganizations Classic Reprint
Seller: PBShop.store US, Wood Dale, IL, U.S.A.
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PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LW-9781333749040
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Recent Evidence on the Distribution Patterns in Chapter 11 Reorganizations Classic Reprint
Seller: PBShop.store UK, Fairford, GLOS, United Kingdom
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PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LW-9781333749040
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