By common account, two contrasting eras have defined largescale corporate reorganization
since the Bankruptcy Code was enacted in 1978.1 For much of the Code's first twenty years …

Corporate bankruptcy presents a puzzle. Why does the law provide special rules that apply
only in financial distress? One can imagine 1-or advocate for-a world in which no such rules …

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 …

There is a broad consensus in the criminal justice community that our criminal statutes are a
mess: They are imprecise, overly broad, and overly punitive. Legislatures write these laws …

What justifies corporate bankruptcy law in the modem economy? For forty years,
economically oriented theorists have rationalized bankruptcy as an antidote to potential …

Bankruptcy courts have become the favored forum for large corporate defendants to seek
global resolution of mass tort liability claims. Whether this forum choice benefits the victims …

This article identifies one aspect of the cross‐class cram‐down from the EU Directive on
restructuring and insolvency that has not drawn wide attention to date. In addition to giving …

A venerable tradition in both judicial opinions and legal scholarship argues that the law best
serves sophisticated parties when it enforces contracts according to their plain meaning.'The …

This Essay considers the role of bankruptcy law in the legal ecosystem'that regulates banks
and other financial intermediaries. It uses the recent spate of bank and crypto intermediary …