The following bankruptcy-related scholarly papers, arranged by SSRN abstract ID number, can be downloaded from the Social Science Research Network website:

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Boalt Hall School of Law’s Peter S. Menell: Bankruptcy Treatment of Intellectual Property Assets: an Economic Analysis (Abstract ID: 969521)

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Florida State Univ. College of Law’s Kelli A. Alces: "Enforcing Corporate Fiduciary Duties in Bankruptcy." (Abstract ID: 968006)

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Seton Hall Univ. School of Laws Stephen Lubben: "Delaware’s Irrelevance" (Abstract ID: 967892)

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George Mason Univ. School of Law’s David E. Bernstein, "Expert Witnesses, Adversarial Bias, and the (Partial) Failure of the Daubert Revolution" (Abstract ID: 963461)

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U.S. DOJ’s Gregory J. Werden: "The Admissibility of Expert Economic Testimony in Antitrust Cases" (Abstract ID: 956397)

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Michael Nwogugu: "Constitutionality of US Bankruptcy Code Preemption of Mortgage Foreclosure Statutes, and Related Economic Effects" (Abstract ID: 955914)

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NYU School of Law’s Barry E. Adler: "The Questionable Axiom of Butner v. United States" (Abstract ID: 954153)

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Loyola Univ. of Chicago’s Spencer Weber Waller and Brooklyn Law School’s Neil B. Cohen: "Taking Pops Ups Seriously: The Jurisprudence of the Infield Fly Rule" (Abstract ID: 949539) 

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Univ. of Houston Law Center’s Nancy B. Rapoport: "Avoiding Judicial Wrath: The Ten Commandments for Bankruptcy Practitioners" (Abstract ID: 940769) 

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Washington and Lee University School of Law’s Doug Rendleman: "A Cap on the Defendant’s Appeal Bond?: Punitive Damages Tort Reform" (Abstract ID: 938784)

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Univ. of Houston Law Center’s Nancy B. Rapoport: "The Need for New Bankruptcy Ethics Rules: How Can ‘One Size Fit All’ Fit Anybody?" (Abstract ID: 939448) 

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Abstracts for each of these papers follows:Continue Reading Recent Bankruptcy-Related Articles of Interest Available for Downloading from SSRN

The following bankruptcy finance-related working papers, arranged by abstract ID number, can be downloaded from the Social Science Research Network:

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Santa Clara University’s Yongtae Kim and Oklahoma State University’s Sandeep Nabar: "Bankruptcy Probability Changes and the Differential informativeness of Bond Upgrades and Downgrades" (Abstract ID: 960751)

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Univ. of Minnesota’s Paul Pover and Rakdeep Singh: "Sale-Backs in Bankruptcy" (Abstract ID: 956211):

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NYU School of Law’s (and former classmate) Barry E. Adler: "Game-Theoretic Bankruptcy Valuation" (Abstract ID: 954147)

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Univ. of Westminster’s John Flood: "The Vultures Fly East: The Creation and Globalization of the Distressed Debt Market" (Abstract ID: 949581)

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Univ. of Arizona’s Andrew Zhang: "Distress Risk Premia in Stock and Bond Returns" (Abstract ID: 947844)

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Rice University’s Evgeny Lyandres and George Mason University’s Alexei Zhdanov: "Investment Opportunities and Bankruptcy Prediction" (Abstract ID: 946240)

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Univ. of Minnesota’s Timothy J. Kehoe and UCLA’s David K. Levine: "Bankruptcy and Collateral in Debt Constrained Markets" (Abstract ID: 940605)

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Univ. of Verona’s Andrea Gamba and Daniele Poiega; Univ. of Navarra’s Mamen Aranda: "Investment and Credit Risk: A Structural Approach" (Abstract ID: 945968) 

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Univ. of Chicago’s Arthur G. Korteweg: "The Costs of Financial Distress across Industries" (Abstract ID: 945425) 

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UC San Diego’s Michelle J. Waite: "Abuse or Protection?" (Abstract ID: 944916)

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NYU’s Edward I. Altman and Brent Pasternack: "Defaults and Returns in the High Yield Bond Market: The Year 2005 in Review and Market Outlook" (Abstract ID: 943326)

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The inset graph is taken from a report to the FDIC Board of Directors dated May 9, 2006, entitled Economic Conditions and Emerging Risks in Banking, and is used to support the following point:

Improvement of the credit default settlement process is vital. Because of the growth in credit derivative contracts, market anomalies have occurred when corporations default or declare bankruptcy. A prime example is how corporate bonds of Delphi Corp. actually increased in value as traders bid up the price of bonds in order to physically settle credit derivative contracts.  Industry participants are committed to implementing new procedures for settlements following a credit event, providing for net cash settlement at a single auction-based price.

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Abstracts for each of these papers follow:

Continue Reading Recent Bankruptcy Finance-Related Articles of Interest Available for Downloading from SSRN

The following comparative bankruptcy-related papers, arranged by abstract ID number, can be downloaded from the Social Science Research Network:

Inst. for Macroeconomic Analysis and Development’s Arjana Brezigar Masten and Univ. of Ljubljana’s Igor Masten: "Comparison of Parametric, Semi-Parametric and Non-Parametric Methods in Bankruptcy Prediction" (Abstract ID: 967637)

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York University Law School’s Iain D.C. Ramsay: "Comparative Consumer Bankruptcy" (Abstract ID: 958190)

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Norwegian University of Science and Technology’s Einar Matson: "New Technology-Based Firms: Their Failure Rates and Reasons for Failures." (Abstract ID: 942196)

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Univ. of Westminster’s John Flood and Univ. of Olswang’s Eleni Skordaki: "Normative Bricolage: Informal Rule Making by Accountants and Lawyers in Mega Insolvencies." (Abstract ID: 949895)

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World Bank Group’s Simeon Djankov and Caralee McLiesh; Harvard University’s Oliver Hart and Andrei Shleifer: "Debt Enforcement Around the World." (Abstract ID: 953000)

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University College London’s Riz Mokal: "Contractarianism, Contractualism, and the Law of Corporate Insolvency." (Abstract ID: 946403):

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Catholic University of Louvain’s Juan D. Moreno-Ternero: "The Proportional rule of multi-issue bankruptcy problems." (Abstract ID: 945082)

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Univ. of Bocconi’s Pietro Garibaldi: "Hiring Freeze and Bankruptcy in Unemployment Dynamics" (Abstract ID: 928809)

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Aachen University’s Wolfgang Breuer and Univ. of Braunschweig’s Marc Gurtler: "Coherent Banking Capital and Optimal Credit Portfolio Structure." (Abstract ID:  942742)

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Clifford Chance LLP’s Tomas Richter: "One Flight over Czech Security: Priorities and Other Monsters of Post-Transformation Debtor/Creditor Law." (Abstract ID: 941119)

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London Business School’s Viral V. Acharya, Univ. of Michigan’s Sreedhar T. Bharath, and National Univ. of Singapore’s Anand Srinivasan: "Does Industry-Wide Distress Affect Defaulted Firms? Evidence from Creditor Recoveries." (Abstract ID: 442901)

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Universidad Technologica de Bolivar’s Ignacio Velez-Pareja and University of the Andes’ Patricia Rojas: "Some Evidence on Financial Distress Costs and Their Effect on Cash Flows." (Abstract ID: 939731)

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The inset photographs are of London’s Carey Street Bankruptcy Court, located in the Sir Thomas More Building, just down the road from London’s main Royal Courts of Justice complex.  This Covent Garden web guide provides the following interesting background to the bankruptcy court and the street — once known as "Queer Street" — on which it resides:

Continue Reading Recent Comparative Bankruptcy-Related Articles of Interest Available for Downloading from SSRN

More "Picks of the Month" …  This post covers my picks for January 2007:

The inset photograph, of course, is of Barack Obama, the first choice of many U of C law profs for president in the upcoming election, reading not his own book, but a far better one, Doris Goodwin’s highly acclaimed "Team of Rivals: The Political Genius of Abraham Lincoln."Continue Reading Picks of the Month: Required Bankruptcy Reading for January 2007

More catch up on the "Picks of the Month." This post covers my picks for December 2006:

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Continue Reading Picks of the Month: Required Bankruptcy Reading for December 2006

The following BAPCPA-related papers, arranged by abstract ID number, can be downloaded from the Social Science Research Network:

Federal Reserve Bank’s Astrid Andrea Dick and Andreas Lehnert: "Personal Bankruptcy and Credit Market Competition" (Abstract ID: 957778)

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Santa Clara Univ. School of Law’s Gary Neustadter: "Yellow Pages and Web Site Advertising By Consumer Bankruptcy Attorneys After BAPCPA" (Abstract ID: 957893)

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Cardozo Law School’s David Gray Carlson: "Means Testing: The Failed Bankruptcy Revolution of 2005" (Abstract ID:956158)

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Univ. of Mary Washington’s Bradley Hansen and American University’s Mary Hansen: "Legal Rules and Bankruptcy Rates: Historical Evidence from the States" (Abstract ID: 954393)

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Univ. of Illinois College of Law’s Robert M. Lawless and Harvard Law School’s Elizabeth Warren: "Shrinking the Safety Net: The 2005 Changes in U.S. Bankruptcy Law" (Abstract ID: 949629)

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Univ. of Arizona College of Law’s Jean Braucher: "The Challenge to the Bench and Bar Presented by the 2005 Bankruptcy Act: Resistance Need Not be Futile" (Abstract ID: 947930)

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UC San Diego’s Michelle J. White: "Abuse or Protection?" (Abstract ID: 944916)

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Adam Levitin: "Priceless? The Costs of Credit Card Merchant Restraints" (Abstract ID: 944278)

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Univ. of Illinois College of Law’s Robert M. Lawless: "The Relationship Between Nonbusiness Bankruptcy Filings and Various Measure of Consumer Debt" (Abstract ID: 934798)

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UT Austin School of Law’s Ronald J. Mann: "Credit Card Policy in a Globalized World" (Abstract ID: 705141)

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FYI, the graph is taken from a July 2006 Bulletin of the Federal Reserve Board, under the subheading entitled, The New Bankruptcy Law and Its Effect on Credit Card Loans.

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Abstracts for each of these papers follows:

Continue Reading Recent BAPCPA-Related Articles of Interest Available for Downloading from SSRN

More "Picks of the Month" …  This post includes published articles from November, 2006 that might be of interest to the bankruptcy practitioner, scholar, student, and Judge:

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Time to catch up on the ever-popular "Picks of the Month."  This post covers my picks for October 2006:

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Continue Reading Picks of the Month: Required Bankruptcy Reading for October 2006