Evaluating the efficiency of a bankruptcy reform

The current financial crisis has pushed many firms to the brink of bankruptcy. A key policy question is thus whether bankruptcy laws are efficient, in the sense of allowing better firms to reorganize while liquidating unviable firms. The sixth in...

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Main Authors:	Gine, Xavier, Love, Inessa
Format:	Brief
Language:	English
Published:	World Bank, Washington, DC 2012
Subjects:	BANK POLICY BANKRUPTCY BANKRUPTCY CODES BANKRUPTCY LAWS BANKRUPTCY PROCEDURE BANKRUPTCY PROCESS BANKRUPTCY REFORM BANKRUPTCY SYSTEM COSTS OF BANKRUPTCY CREDITORS DEBT DEBT LEVELS DEBT RELIEF DEBT SERVICE DEBTORS EFFECTIVE BANKRUPTCY FILING FOR BANKRUPTCY FILING FOR LIQUIDATION FINANCIAL CRISIS FINANCIAL HEALTH FINANCIAL SECTOR FINANCIAL SECTOR DEVELOPMENT FINANCIAL TRANSACTIONS FUNDS TO CREDITORS ILLIQUIDITY INEFFICIENT LIQUIDATIONS INSURANCE LEGISLATION LIQUIDATION LIQUIDATION PROCESS MACROECONOMIC CONDITIONS MANDATORY LIQUIDATION MICROENTERPRISES NEGOTIATIONS NUMBER OF BANKRUPTCIES REORGANIZATION REORGANIZATION PLANS REORGANIZATION PROCEEDING REORGANIZATION PROCEEDINGS REORGANIZATION PROCESS RETURN RETURNS SALE OF ASSETS TRANSACTION TRANSACTION COSTS VIABLE BUSINESSES
Online Access:	http://documents.worldbank.org/curated/en/2009/05/12091318/evaluating-efficiency-bankruptcy-reform http://hdl.handle.net/10986/10253

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recordtype	oai_dc
spelling	okr-10986-102532021-04-23T14:02:49Z Evaluating the efficiency of a bankruptcy reform Gine, Xavier Love, Inessa BANK POLICY BANKRUPTCY BANKRUPTCY CODES BANKRUPTCY LAWS BANKRUPTCY PROCEDURE BANKRUPTCY PROCESS BANKRUPTCY REFORM BANKRUPTCY SYSTEM COSTS OF BANKRUPTCY CREDITORS DEBT DEBT LEVELS DEBT RELIEF DEBT SERVICE DEBTORS EFFECTIVE BANKRUPTCY FILING FOR BANKRUPTCY FILING FOR LIQUIDATION FINANCIAL CRISIS FINANCIAL HEALTH FINANCIAL SECTOR FINANCIAL SECTOR DEVELOPMENT FINANCIAL TRANSACTIONS FUNDS TO CREDITORS ILLIQUIDITY INEFFICIENT LIQUIDATIONS INSURANCE LEGISLATION LIQUIDATION LIQUIDATION PROCESS MACROECONOMIC CONDITIONS MANDATORY LIQUIDATION MICROENTERPRISES NEGOTIATIONS NUMBER OF BANKRUPTCIES REORGANIZATION REORGANIZATION PLANS REORGANIZATION PROCEEDING REORGANIZATION PROCEEDINGS REORGANIZATION PROCESS RETURN RETURNS SALE OF ASSETS TRANSACTION TRANSACTION COSTS VIABLE BUSINESSES The current financial crisis has pushed many firms to the brink of bankruptcy. A key policy question is thus whether bankruptcy laws are efficient, in the sense of allowing better firms to reorganize while liquidating unviable firms. The sixth in impact series presents lessons from a reform in Colombia that achieved this objective. 2012-08-13T10:51:46Z 2012-08-13T10:51:46Z 2009-05 http://documents.worldbank.org/curated/en/2009/05/12091318/evaluating-efficiency-bankruptcy-reform http://hdl.handle.net/10986/10253 English Finance & PSD Impact; No. 6 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Brief Publications & Research Latin America & Caribbean Colombia
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	BANK POLICY BANKRUPTCY BANKRUPTCY CODES BANKRUPTCY LAWS BANKRUPTCY PROCEDURE BANKRUPTCY PROCESS BANKRUPTCY REFORM BANKRUPTCY SYSTEM COSTS OF BANKRUPTCY CREDITORS DEBT DEBT LEVELS DEBT RELIEF DEBT SERVICE DEBTORS EFFECTIVE BANKRUPTCY FILING FOR BANKRUPTCY FILING FOR LIQUIDATION FINANCIAL CRISIS FINANCIAL HEALTH FINANCIAL SECTOR FINANCIAL SECTOR DEVELOPMENT FINANCIAL TRANSACTIONS FUNDS TO CREDITORS ILLIQUIDITY INEFFICIENT LIQUIDATIONS INSURANCE LEGISLATION LIQUIDATION LIQUIDATION PROCESS MACROECONOMIC CONDITIONS MANDATORY LIQUIDATION MICROENTERPRISES NEGOTIATIONS NUMBER OF BANKRUPTCIES REORGANIZATION REORGANIZATION PLANS REORGANIZATION PROCEEDING REORGANIZATION PROCEEDINGS REORGANIZATION PROCESS RETURN RETURNS SALE OF ASSETS TRANSACTION TRANSACTION COSTS VIABLE BUSINESSES
spellingShingle	BANK POLICY BANKRUPTCY BANKRUPTCY CODES BANKRUPTCY LAWS BANKRUPTCY PROCEDURE BANKRUPTCY PROCESS BANKRUPTCY REFORM BANKRUPTCY SYSTEM COSTS OF BANKRUPTCY CREDITORS DEBT DEBT LEVELS DEBT RELIEF DEBT SERVICE DEBTORS EFFECTIVE BANKRUPTCY FILING FOR BANKRUPTCY FILING FOR LIQUIDATION FINANCIAL CRISIS FINANCIAL HEALTH FINANCIAL SECTOR FINANCIAL SECTOR DEVELOPMENT FINANCIAL TRANSACTIONS FUNDS TO CREDITORS ILLIQUIDITY INEFFICIENT LIQUIDATIONS INSURANCE LEGISLATION LIQUIDATION LIQUIDATION PROCESS MACROECONOMIC CONDITIONS MANDATORY LIQUIDATION MICROENTERPRISES NEGOTIATIONS NUMBER OF BANKRUPTCIES REORGANIZATION REORGANIZATION PLANS REORGANIZATION PROCEEDING REORGANIZATION PROCEEDINGS REORGANIZATION PROCESS RETURN RETURNS SALE OF ASSETS TRANSACTION TRANSACTION COSTS VIABLE BUSINESSES Gine, Xavier Love, Inessa Evaluating the efficiency of a bankruptcy reform
geographic_facet	Latin America & Caribbean Colombia
relation	Finance & PSD Impact; No. 6
description	The current financial crisis has pushed many firms to the brink of bankruptcy. A key policy question is thus whether bankruptcy laws are efficient, in the sense of allowing better firms to reorganize while liquidating unviable firms. The sixth in impact series presents lessons from a reform in Colombia that achieved this objective.
format	Publications & Research :: Brief
author	Gine, Xavier Love, Inessa
author_facet	Gine, Xavier Love, Inessa
author_sort	Gine, Xavier
title	Evaluating the efficiency of a bankruptcy reform
title_short	Evaluating the efficiency of a bankruptcy reform
title_full	Evaluating the efficiency of a bankruptcy reform
title_fullStr	Evaluating the efficiency of a bankruptcy reform
title_full_unstemmed	Evaluating the efficiency of a bankruptcy reform
title_sort	evaluating the efficiency of a bankruptcy reform
publisher	World Bank, Washington, DC
publishDate	2012
url	http://documents.worldbank.org/curated/en/2009/05/12091318/evaluating-efficiency-bankruptcy-reform http://hdl.handle.net/10986/10253
_version_	1764412417018691584

Evaluating the efficiency of a bankruptcy reform

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