Survival rates in bankruptcy systems : overlooking the evidence
AbstractExtensive research on bankruptcy still has not made it possible to end the efficiency discussion concerning the need for a reorganization provision in bankruptcy laws. In this paper, I discuss the pervasiveness of asset sales in bankruptcy procedures and the effect it has on survival rates. Without these figures on going concern asset sales Western countries show astonishingly low firm survival rates. In addition, it becomes clear that the bankruptcy system in the US may be under-researched to such an extent that it seriously confounds our view of bankruptcy resolution.
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Bibliographic InfoPaper provided by University of Groningen, Research Institute SOM (Systems, Organisations and Management) in its series Research Report with number 01E15.
Date of creation: 2001
Date of revision:
This paper has been announced in the following NEP Reports:
- NEP-ACC-2001-07-13 (Accounting & Auditing)
- NEP-ALL-2001-07-13 (All new papers)
- NEP-CFN-2001-07-13 (Corporate Finance)
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