The Trustee in Bankruptcy as a Secured Creditor under the Uniform Commercial Code

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The Costs and Benefits of Secured Creditor Control in Bankruptcy: Evidence from the Uk

Recent theoretical literature has debated the desirability of permitting debtors to contract with lenders over control rights in bankruptcy. Proponents point to the monitoring benefits brought from concentrating control rights in the hands of a single lender. Detractors point to the costs imposed on other creditors by a senior claimant’s inadequate incentives to maximise net recoveries. The UK ...

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ژورنال

عنوان ژورنال: Michigan Law Review

سال: 1967

ISSN: 0026-2234

DOI: 10.2307/1287000