Empirical evidence has shown that private workouts are faster and more cost-effective than a Chapter 11 bankruptcy
Question:
Empirical evidence has shown that private workouts are faster and more cost-effective than a Chapter 11 bankruptcy procedure. Yet, according to Wruck (1990), over half of financial restructurings in the United States occur in Chapter 11 rather than through a private workout. Why do you think this is?
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There are several reasons why financial restructurings in the United States tend to occur in Chapter 11 rather than through private workouts ...View the full answer
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Related Book For 
Corporate Finance
ISBN: 9780077173630
3rd Edition
Authors: David Hillier, Stephen A. Ross, Randolph W. Westerfield, Bradford D. Jordan, Jeffrey F. Jaffe
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