Rethinking the Goal of Bankruptcy Proceedings
نویسندگان
چکیده
Bankruptcy proceedings are mainly aimed at recovering the assets of debtor in order to satisfy creditors. In recent years, some jurisdictions, such as Netherlands, tried make their insolvency frameworks more stakeholder-friendly promote sustainable liquidation. Usually, these changes give bankruptcy trustees discretionary power take into account interests all stakeholders involved. Based on empirical evidence from this article shows that mere obligation other than creditors is insufficient liquidation, suggests implementing a multistakeholder perspective proceedings. addition, explores whether aim should be changed because creditor’s primacy impedes promoting
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ژورنال
عنوان ژورنال: Erasmus law review
سال: 2023
ISSN: ['2210-2671']
DOI: https://doi.org/10.5553/elr.000247