Title: Bankruptcy reform: Evidence from a survey among judges and receivers
Authors: Dewaelheyns, Nico ×
Van Hulle, Cynthia #
Issue Date: 2010
Publisher: Chapman & Hall
Series Title: Applied Economics Letters vol:17 issue:14 pages:1367-1371
Abstract: Due to low success rates, several European countries have recently reformed their U.S. 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.
ISSN: 1350-4851
Publication status: published
KU Leuven publication type: IT
Appears in Collections:Research Center Finance, Leuven
Faculty of Economics and Business (FEB) - miscellaneous
Department of Financial Management, Campus Carolus Antwerp
× corresponding author
# (joint) last author

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