Introduction to the fundamental principles and challenges of the Bankruptcy Code (both individual and corporate) against the background of the early 1970s, when the U.S. bankruptcy system seemed to be faulty. With personal bankruptcy filings at record levels and successful restructuring relatively rare, the policy had to decide whether the time has come to revise the nation’s bankruptcy law and, if so, how to structure the new system.

Introduction to the fundamental principles and challenges of the Bankruptcy Code (both individual and corporate) against the background of the early 1970s, when the U.S. bankruptcy system seemed to be faulty. With personal bankruptcy filings at record levels and successful restructuring relatively rare, the policy had to decide whether the time has come to revise the nation’s bankruptcy law and, if so, how to structure the new system.
«Hide

from
David A. Moss,
Mary Oey,
Jonathan Lackow
Source: Harvard Business School
24 pages.
Release Date: 03 January, 2005. Prod #: 705024-PDF-ENG
Managing Failure: American bankruptcy law at the crossroads HBR case solution