Percorrer por autor "Gomes, Diogo Arcanjo de Meneses"
A mostrar 1 - 1 de 1
Resultados por página
Opções de ordenação
- Chapter 11 vs. chapter 7 : the portuguese casePublication . Gomes, Diogo Arcanjo de Meneses; Reis, Ricardo César Ribeiro Ventura FerreiraThe number of bankruptcy cases has been rising in the past decade, thus becoming more relevant to understand the effects of these cases. Bankruptcy costs can vary widely according to the main statistic used (mean or median), being sensitive to the use of pre or post-bankruptcy assets as denominator. One should also take into account that the percentage of bankruptcy costs may change according to the economic environment in which a firm is inserted. Following the existing academic literature, we aim at exploring a comprehensive sample of corporate bankruptcy cases from 2012 to 2015 in Portugal. We distinguish between reorganization and liquidation cases, in order to compare the costs for a firm between filing for either one of the procedures. The results show that filing for the reorganization of the company seems to be a better alternative when compared to the liquidation of the firm – it takes less time to resolve, it is also better in retaining assets after the bankruptcy and presents less direct costs for the company.