To send content items to your account,
please confirm that you agree to abide by our usage policies.
If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account.
Find out more about sending content to .
To send content items to your Kindle, first ensure email@example.com
is added to your Approved Personal Document E-mail List under your Personal Document Settings
on the Manage Your Content and Devices page of your Amazon account. Then enter the ‘name’ part
of your Kindle email address below.
Find out more about sending to your Kindle.
Note you can select to send to either the @free.kindle.com or @kindle.com variations.
‘@free.kindle.com’ emails are free but can only be sent to your device when it is connected to wi-fi.
‘@kindle.com’ emails can be delivered even when you are not connected to wi-fi, but note that service fees apply.
Over the past decade, legal and economic scholars have raised doubts about the premises that purport to explain formal reorganization schemes. By formal reorganization, I mean a legal process in which an insolvent firm is made solvent by an exchange of existing claims and interests for packages of new claims, new interests, and cash. The initiation of this legal process freezes the rights of creditors to enforce their claims against the firm's assets and provides a framework for the continuation of the firm while the terms of the reorganization exchange are settled. The reorganization plan provides the terms of the exchange and thereby effectively distributes the value of the firm to its claimants in the form of new debt claims, equity interests, and cash. The distribution in the plan must be sanctioned by some majority of creditors; but a plan may be imposed by the court, based on its valuation of the firm's assets and going concern value. The alternative bankruptcy regime is liquidation, in which a judicial or administrative official gathers the property of the debtor, sells it to third parties, and distributes the proceeds to claimants according to their respective priorities.
One premise of formal reorganization is that insolvency is a financial condition that is a somewhat noisy indicator of the economic condition of a firm. The economic condition of a firm is indicated by the value of its assets in their current use relative to their value in the best alternative use.
Email your librarian or administrator to recommend adding this to your organisation's collection.