Authors
Douglas G Baird, Robert K Rasmussen
Publication date
2003
Journal
Stan. L. Rev.
Volume
56
Pages
673
Description
The traditional account of corporate reorganizations assumes a financially distressed business faces three conditions simultaneously:(1) It has substantial value as a going concern;(2) its investors cannot sort out the financial distress through ordinary bargaining and instead require Chapter 11's collective forum;
Total citations
Scholar articles
DG Baird, RK Rasmussen - Stan. L. Rev., 2003