In 2003, Krispy Kreme was the darling of Wall Street. Its stock had more than quadrupled
since first going public only a few years before. Krispy Kreme's CEO also served as …

On the eve of the financial crisis, a series of Delaware court decisions resulted in a radical
change in law: creditors would no longer have the kind of common law protections from …

In large Chapter a cases, the prototypical creditor is no longer a small player holding a claim
much like everyone else's, but rather a distressed debt professional advancing her own …

In a society based on private property, the core objective of a corpo-ration would seem
uncomplicated. The corporation is owned by shareholders and, like other property, exists to …

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

Corporate reorganization under Chapter 11 of the Bankruptcy Code is built on the
foundation of the absolute priority rule, which requires that senior creditors be paid in full …

Almost half of all the coal produced in the United States is mined by companies that have
recently gone bankrupt This Article explains how those bankruptcy proceedings have …

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 …

Abstract The European Commission has proposed a Directive on 'preventive restructuring
frameworks' for financially distressed firms. I demonstrate that the proposal is flawed …

We live in a time in which insolvency laws are being rewritten all over the world for the first
time in a century. As investment and employment have become more global, there has been …