CREDITOR VOTING AND TIME CONSTRAINTS IN BANKRUPTCY REORGANIZATIONS
The result of corporate debt renegotiations between debtors and creditors is of great importance for aggregate productivity and employment, as it defines the distressed companies that can survive. From a policy perspective, it is desirable to have in place a bankruptcy system that facilitates renegotiations and allows companies—which create value for workers, costumers, and creditors—to… Read More »
