search query: @author Betker, B. / total: 4
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| Author: | Betker, B. |
| Title: | An empirical examination of prepackaged bankruptcy |
| Journal: | Financial Management
1995 : SPRING, VOL. 24:1, p. 3-18 |
| Index terms: | FINANCIAL MANAGEMENT BANKRUPTCY COMPANIES |
| Language: | eng |
| Abstract: | Analysis of 49 prepackaged bankruptcies allows identification of the economic gains from this form of restructuring. Results show that the direct costs of prepacks are comparable to those previously reported for "traditional" bankruptcies. Firms routinely pay the pre-bankruptcy expenses of creditor groups, so most direct expenses are incurred prior to filing. The gains from a prepack step from binding holdouts to a negotiated agreement and from tax effects of future use of net operating loss carryforwards. |
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