haku: @author Betker, B. / yhteensä: 4
viite: 2 / 4
| Tekijä: | Betker, B. |
| Otsikko: | The administrative costs of debt restructurings: some recent evidence |
| Lehti: | Financial Management
1997 : WINTER, VOL. 26:4, p. 56-68 |
| Asiasana: | COSTS DEBT BANKRUPTCY |
| Kieli: | eng |
| Tiivistelmä: | The author examines direct restructuring costs in the light of recent developments for reorganizing distressed firms, such as prepackaged bankruptcies, failed highly leveraged transactions (HLTs), "vulture" investors, and pre-restructuring bondholder committees. Prepackaged bankruptcy costs are lower than in traditional Chapter 11 findings and have costs similar to exchange offers. Fees in Chapter 11 are lower if the firm is an HLT, but these savings decline as the ratio of public debt to total debt increases. |
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