The Effect of Bankruptcy Reform on the Number of Corporate Reorganization Proposals

THEMA, Universite de Cergy-Pontoise

18 Pages Posted: 12 Jan 2001

Date Written: August 2000

Abstract

One of the major aims of the 1992 reform to bankruptcy law in Canada was to increase the number of reorganization proposals. The purpose of this paper is to analyze the number of reorganization proposals filed by companies in Toronto and Montreal before and after bankruptcy reform to see whether the reform has had its intended effect. Controlling for a variety of macroeconomic factors that also influence the number of reorganization proposals, we find that bankruptcy reform has doubled the number of corporate reorganization proposals filed in Montreal and almost quadrupled the number filed in Toronto.

Keywords: Bankruptcy, reorganization

JEL Classification: G33, G38

Suggested Citation

Fisher, Timothy and Martel, Jocelyn, The Effect of Bankruptcy Reform on the Number of Corporate Reorganization Proposals (August 2000). THEMA, Universite de Cergy-Pontoise, Available at SSRN: https://ssrn.com/abstract=256130 or http://dx.doi.org/10.2139/ssrn.256130

Timothy Fisher

Wilfrid Laurier University ( email )

Economics
Waterloo, Ontario N2L 3C5
Canada
519-884-0710 (2671) (Phone)
519-888-1015 (Fax)

Jocelyn Martel (Contact Author)

ESSEC Business School ( email )

Avenue Bernard Hirsch B.P. 50105
Cergy-Pontoise, 95021
France
33 1 34 43 33 21 (Phone)

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