Bankruptcy
Are “Bankruptcy Directors” Bad for Creditors?
A new paper studies the rise of so-called “bankruptcy directors,” typically former bankruptcy lawyers, investment bankers, or distressed debt traders who join corporate boards...
Defying Expectations, Bankruptcy Filings Are Down During the Covid-19 Crisis So Far
Historically, bankruptcy filings have closely tracked the business cycle and unemployment rates. However, a recent study found that this relationship has reversed during the...
Should Small Businesses Consider Bankruptcy? A New Capitalisn’t Reading List
The coronavirus has taken a heavy toll on most businesses, but it has been especially hard on small businesses. Should those businesses file for...
How to Avoid a Mass of Business Bankruptcies: Two Policy Proposals
Existing fiscal and monetary policies are powerless to restore firms’ revenues during this health emergency. Many firms will soon begin having trouble meeting their...
The Secret Code of Capital and the Origin of Wealth Inequality
Capital is not a thing, but a social relation enforced by the law and the state. With the right legal coding, any object, claim,...
