Publication
Title
Filtering speed in a Continental European reorganization procedure
Author
Abstract
Recent studies of US Chapter 11 show it to be a relatively efficient procedure. We examine reorganization cases in a Continental European, creditor-oriented bankruptcy system, viz. Belgium, and report very different findings. Using hazard and cure regression models to determine what drives the length of time spent in reorganizations, we find evidence suggesting that courts have little impact on the screening and filtering process. In fact, many drivers of procedure length prove to have the opposite sign of what one would expect if the procedure would efficiently realise its goals. Instead, the procedure appears to be mainly creditor or owner-driven.
Language
English
Source (journal)
International review of law and economics. - Guildford
Publication
Guildford : 2009
ISSN
0144-8188
Volume/pages
29:4(2009), p. 375-387
ISI
000272780800009
Full text (Publishers DOI)
UAntwerpen
Faculty/Department
Research group
Publication type
Subject
External links
Web of Science
Record
Identification
Creation 26.01.2010
Last edited 11.05.2017