Journal Article
Should business bankruptcy be a one-chapter book?
Abstract: Mitchell Berlin raises the question \\"Should Business Bankruptcy Be a One-Chapter Book?\\" The answer, in part, depends on the answers to other questions: What makes more economic sense? A bankruptcy system that auctions a firm's assets and distributes the proceeds among the creditors? Or one that allows the firm to seek to resume business after renegotiations between its stockholders and its creditors? Or is there room?or even a need?for both?
Keywords: Bankruptcy;
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File(s): File format is application/pdf https://www.philadelphiafed.org/-/media/frbp/assets/economy/articles/business-review/2002/q3/brq302mb.pdf
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Bibliographic Information
Provider: Federal Reserve Bank of Philadelphia
Part of Series: Business Review
Publication Date: 2002
Issue: Q3
Pages: 18-25