This paper examines the role of bankruptcy policies in market economies. Two somewhat different perspectives on the proper role of bankruptcy are presented. The first emphasizes the role of bankruptcy as a means to enforce debt contracts. The second perspective focuses on bankruptcy's role as a mechanism of restructuring and exit. The first chapter in this paper discusses the role of bankruptcy policy. Chapter 2 reviews the bankruptcy law and practice...
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INFORMATION
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1996/02/29
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Document de travail (série numérotée)
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15417
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1
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1
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2021/08/12
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Disclosed
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Bankruptcy policy
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Bankruptcy
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