Bankruptcy: A Primer
For many businesses, bankruptcy is a looming reality, one that can take many forms. Bankruptcy is such a fact of life that a tangle of laws exist in the U.S. legal code. The most widely recognised type, Chapter 11, permits the reorganisation, as opposed to the liquidation, of financially troubled businesses. An economic analysis has to start with the observation that business failure is not always bad, as efficiency in the economy demands continual reallocation of resources. This book offers a thorough overview of the bankruptcy laws and procedures American businesses and consumers are faced with.
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II United States Trustees and Officers of the Bankruptcy Estate
III Administrative Powers
IV The Estate
V Creditors and Claims
VIII Chapter 11 Reorganization
IX Chapter 13 Adjustments of Debts of an Individual with Regular Income
Bankruptcy The Economic Issues
How Chapter 11 Works
The Economic Issues
Chapter 11 in Action
Chapter 11 Reform
1994 Reform Act acceptance or rejection administrative expenses alimony allowed claims amendments amount applicable nonbankruptcy law appointed automatic stay avoid bankrupt firm Bankruptcy Code bankruptcy court bankruptcy filing bankruptcy law Bankruptcy Reform Act benefits chapter 11 reorganization claim or interest claimants collective bargaining agreement commencement committee compensation confirmation Congress consumer debt corporate costs debtor in possession debtor's business dismissed distribution economic entitled equity security holders estate property executory contracts exemptions extent federal fees H.Rept incurred individual insolvent interim trustee liability lien liquidation Michael Rosenzweig modification nondischargeable notice and hearing operation order for relief party in interest payment permitted petition postpetition prepetition priority procedure proof of claim proposed pursuant receive reorganization plan request residual claimants retirees security interest senior creditors setoff specified spouse Stat stockholders supra note 16 transfer U.S. Supreme Court U.S. Trustee United States Trustees unless unsecured creditors unsecured debts