Bankruptcy: A Primer

Front Cover
Nova Publishers, 2002 - Business & Economics - 121 pages
0 Reviews
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.
 

What people are saying - Write a review

We haven't found any reviews in the usual places.

Selected pages

Contents

VIII Chapter 11 Reorganization
56
IX Chapter 13 Adjustments of Debts of an Individual with Regular Income
74
Bankruptcy The Economic Issues
87
How Chapter 11 Works
88
The Economic Issues
92
Chapter 11 in Action
99
Chapter 11 Reform
107
Conclusion
115

VI The Debtors Duties and Benefits
40
VII Chapter 7 Liquidation
49

Common terms and phrases

Bibliographic information