Bankruptcy Reorganization through Markets : Auction-based Creditor Ordering by Reducing Debts (ACCORD) / Donald B. Hausch Hausch, Donald B

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Hausch, Donald B
Debt - Econometric models.; Debt service - Econometric models.; Business failures - Econometric models.
"Financial reorganization under bankruptcy reduces a firm's debts to serviceable levels through renegotiations overseen by courts. Academics have suggested using markets for such negotiations, giving equity holders and junior claimants call options to buy the firm back from senior creditors"--Cover.
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