Survival Rates in Bankruptcy Systems: Overlooking the Evidence

Posted: 12 Nov 2001

See all articles by Oscar Couwenberg

Oscar Couwenberg

NHL Stenden University of Applied Sciences; University of Groningen - Campus Fryslan

Abstract

Extensive research on bankruptcy still has not made it possible to end the efficiency discussion concerning the need for a reorganization provision in bankruptcy laws. In this paper, I discuss the pervasiveness of asset sales in bankruptcy procedures and the effect it has on survival rates. Without these figures on going concern asset sales Western countries show astonishingly low firm survival rates. In addition, it becomes clear that the bankruptcy system in the US may be under-researched to such an extent that it seriously confounds our view of bankruptcy resolution.

Keywords: bankruptcy, survival rate, asset sales, liquidation, reorganization

JEL Classification: G33

Suggested Citation

Couwenberg, Oscar, Survival Rates in Bankruptcy Systems: Overlooking the Evidence. Available at SSRN: https://ssrn.com/abstract=287552

Oscar Couwenberg (Contact Author)

NHL Stenden University of Applied Sciences ( email )

Rengerslaan 8-10
Leeuwarden, Friesland 8917 DD
Netherlands
31 582441479 (Phone)

University of Groningen - Campus Fryslan ( email )

Wirdumerdijk 34
Leeuwarden, 8911 CE
Netherlands
31 582055000 (Phone)

HOME PAGE: http://www.rug.nl/staff/o.couwenberg/?lang=en

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