Recent Evidence on the Distribution Patterns in Chapter 11 Reorganizations
Language: English
Published by Forgotten Books, 2018
- Softcover
- New
Seller: Forgotten Books, London, United KingdomForgotten Books
AbeBooks seller since June 2, 2021
Condition: New
£ 13.87
Quantity: Over 20 available
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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.…
Seller Inventory # 9781333749040_0
- Title
- Recent Evidence on the Distribution Patterns in Chapter 11 Reorganizations
- Author
- Frank J. Fabozzi, Jane Tripp Howe
- Publisher
- Forgotten Books
- Publication year
- 2018
- Condition
- New
- Book Type
- print-on-demand item
- Binding
- Paperback
- Language
- English
- ISBN 10
- 133374904X
- ISBN 13
- 9781333749040
- Seller catalogs
- Accounting
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.
"Synopsis" may belong to another edition of this title.
Forgotten Books
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Forgotten Books’ Classic Reprint Series utilizes the latest technology to regenerate facsimiles of historically important writings. Careful attention has been made to accurately preserve the original format of each page whilst digitally enhancing the quality of the aged text.
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FB &c Ltd
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Forgotten Books publishes hundreds of thousands of rare and classic books.
This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
This text has been digitally restored from a historical edition. Some errors may persist, however we consider it worth publishing due to the work's historical value.
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