Recent Evidence on the Distribution Patterns in Chapter 11 Reorganizations (Classic Reprint) - Softcover

Inhaltsangabe

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

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