Should business bankruptcy be a one-chapter book?

Mitchell Berlin ()

Business Review, 2002, issue Q3, pages 18-25

Abstract: Mitchell Berlin raises the question "Should Business Bankruptcy Be a One-Chapter Book?" The answer, in part, depends on the answers to other questions: What makes more economic sense? A bankruptcy system that auctions a firm's assets and distributes the proceeds among the creditors? Or one that allows the firm to seek to resume business after renegotiations between its stockholders and its creditors? Or is there room—or even a need—for both?

Keywords: Bankruptcy (search for similar items in EconPapers)
Date: 2002

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