Publication
Title
Bankruptcy reform: evidence from a survey among judges and receivers
Author
Abstract
Because of low success rates, several European countries have recently reformed their US Chapter 11-type bankruptcy procedures or are planning future reforms. Using unique data from a survey among judges and insolvency practitioners (receivers), we explore the ex ante expectations of the impact of the 2009 adjustments to the Belgian reorganization procedure, including cost reductions, improvement of the procedure's reputation, encouraging informal reorganizations and appointing a mediator. The general assessment is moderately positive, although judges are significantly more optimistic than receivers. In addition, we find that the respondents' expectations are related to their views on the current system, perceived causes of failure and regional characteristics. We conclude by formulating policy recommendations.
Language
English
Source (journal)
Applied economics letters. - London
Publication
London : 2010
ISSN
1350-4851
Volume/pages
17:14(2010), p. 1367-1371
ISI
000282577700007
Full text (Publisher's DOI)
UAntwerpen
Faculty/Department
Research group
Publication type
Subject
External links
Web of Science
Record
Identification
Creation 13.01.2011
Last edited 16.07.2017