Doctor of Juridical Science (S.J.D.)
bankruptcy, 2005 amendments, chapter 11
Through the use of a multivariate regression model, this article studies the effect on debtor reorganization values of the shortened reorganization timeframe imposed by the Bankruptcy Abuse Prevention and Consumer Protection Act (“BAPCPA”). The study shows that BAPCPA is positively correlated at a statistically significant level with higher reorganization recoveries. This result is attributed to the increased proportion of prepackaged and prenegotiated bankruptcies observed in the post-2005 era, as these “fast-track” bankruptcy cases entail lower costs and better preserve the firm’s value.
Teloni, Foteini, "Preserving Value in the Post-BAPCPA Era — An Empirical Study" (2015). S.J.D. Dissertations. 4.