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What We 'Know' About Chapter 11 Cost is WrongStephen J. LubbenSeton Hall University - School of Law November 30, 2010 Fordham Journal of Corporate and Financial Law, Forthcoming Seton Hall Public Law Research Paper No. 1718047 Abstract: Among the collective wisdom about large corporate bankruptcy cases, the following points are almost undisputed: Longer chapter 11 cases cost more; Prepackaged chapter 11 cases cost less; Cases filed in New York or Delaware cost more; Fee examiners control the costs of big chapter 11 cases. But each of these points is wrong, and in most cases entirely backward. And this article provides empirical evidence to show why.
Number of Pages in PDF File: 53 Keywords: Chapter 11, Direct Costs, Bankruptcy, Financial Distress, Professional Fees, Attorneys Fees JEL Classification: K22, K41, K42, L84 working papers seriesDate posted: December 2, 2010 ; Last revised: May 25, 2011Suggested CitationContact Information
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