The conventional wisdom holds that out-of-court loan restructurings are mostly consensual
and collaborative. But this is no longer accurate. Highly aggressive, nonconsensual …

Spend a day in a busy bankruptcy court and your research agenda could be set for life.
Bankruptcy is crisis management for individuals, business entities, and even governments …

In this Article, we use hand-collected data to shed light on a troubling development in
bankruptcy practice: distressed companies, especially those controlled by private equity …

Academics have long debated whether the order of bankruptcy distributions should be"
absolute" or" relative." Should courts have the flexibility to scramble priority to serve some …

On July 18, 2013, at 4: 06 pm Eastern Time, the City of Detroit entered bankruptcy without a
friend in the world. Its restructuring plan had no creditor support.'Unlike for General Motors …

Embedded in the Bankruptcy Code are three decision-making methods-administration, a
deal among existing creditors, and a sale of the firm intact. The code's text and intent …

Picture a judge at work. What do you see? If you have studied or worked in courts, you might
envision the judge laboring on educational, administrative, or other professional obligations …

Perhaps more so than any other area of law affecting individuals of low-tomoderate means,
bankruptcy poignantly presents an affordability paradox: the system's purpose is to relieve …

This article reports the results of a qualitative survey of 51 US bankruptcy judges concerning
their beliefs regarding, and approaches to, the equitable and discretionary powers of the …

The Supreme Court's most recent foray into the world of corporate reorganization, in
Czyzewski v. Jevic Holding Corporation, reveals as much about the conceptual …