The paradoxes of secured landing: Is there a less uneasy case for the priority of secured claims in bankruptcy?

The paradoxes of secured landing: Is there a less uneasy case for the priority of secured claims in bankruptcy?

This paper is inspired directly by two articles coauthored by Professors Bebchuk and Fried, which comprehensively questioned the efficiency of the bankruptcy priority awarded to secured claims. It starts by pointing out the following efficiency benefit of such priority largely unmentioned in the leg...

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Bibliographic Details
Main Author: ZHANG, Wei
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2014
Subjects:
secured lending
overinvestment
distribution effect
Bankruptcy Law
Online Access:https://ink.library.smu.edu.sg/sol_research/2618
https://ink.library.smu.edu.sg/context/sol_research/article/4576/viewcontent/The_Paradoxes_of_Secured_Lending__Is_There_a_Less_Uneasy_Case_for_pvoa.pdf
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Institution: Singapore Management University
Language: English

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https://ink.library.smu.edu.sg/sol_research/2618
https://ink.library.smu.edu.sg/context/sol_research/article/4576/viewcontent/The_Paradoxes_of_Secured_Lending__Is_There_a_Less_Uneasy_Case_for_pvoa.pdf

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