Loss Distribution, Forum Shopping, and Bankruptcy: A Reply to Warren

Douglas G. Baird

114 citations0/0 files storedThe University of Chicago Law Review

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Corporate Insolvency and Governance Legal principles and applications Law, Economics, and Judicial Systems

Abstract

In a footnote, Warren asserts that the debtor (presumably existing management) has an informational advantage over creditors and hence is better positioned to make decisions (p.789, n.27).

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