Bondholders

Working Paper

Do Market Prices Improve the Accuracy of Court Valuations in Chapter 11?

Past studies document large court valuation errors in Chapter 11 bankruptcy, which are often attributed to the lack of transparent market prices of the debtor’s securities. We document that the introduction of mandated public dissemination of...Read more

Cem Demiroglu
Julian Franks
Ryan Lewis
14 February 2020

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