Germany's Embrace of a Rescue Culture - A Comparison Between the Approaches Taken in Germany, Canada and the United States

An increasing number of restructuring proceedings in both the United States and Canada end in the liquidation of the debtor company. This might prejudice the rescue culture approach which is deeply rooted in both countries bankruptcy laws. At the very least, it is the expression of different economi...

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Bibliographic Details
Main Author: Ruenz, Sebastian Frederik
Other Authors: Duggan, Anthony
Language:en_ca
Published: 2013
Subjects:
BIA
Online Access:http://hdl.handle.net/1807/43320
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spelling ndltd-TORONTO-oai-tspace.library.utoronto.ca-1807-433202013-12-11T04:01:44ZGermany's Embrace of a Rescue Culture - A Comparison Between the Approaches Taken in Germany, Canada and the United StatesRuenz, Sebastian Frederikbankruptcyinsolvencyrescue cultureGermanyrestructuringchapter 11CCAABIAUnited StatesCanadainsolvency plan proceedings0398An increasing number of restructuring proceedings in both the United States and Canada end in the liquidation of the debtor company. This might prejudice the rescue culture approach which is deeply rooted in both countries bankruptcy laws. At the very least, it is the expression of different economic circumstances and of a different creditors’ structure which has excited for a little over a decade. This thesis gives an overview of the different approaches available in Germany, Canada and the United States to rescue a debtor and explains what exactly is meant by a rescue culture policy. Furthermore, it examines the extent to which each legislator has embraced the rescue culture approach. Finally, it looks at the reasons and consequences of the above mentioned current North-American trend and examines the extent to which these developments may influence the outcome of restructuring proceedings in Germany.Duggan, Anthony2013-112013-12-10T19:25:58ZNO_RESTRICTION2013-12-10T19:25:58Z2013-12-10Thesishttp://hdl.handle.net/1807/43320en_ca
collection NDLTD
language en_ca
sources NDLTD
topic bankruptcy
insolvency
rescue culture
Germany
restructuring
chapter 11
CCAA
BIA
United States
Canada
insolvency plan proceedings
0398
spellingShingle bankruptcy
insolvency
rescue culture
Germany
restructuring
chapter 11
CCAA
BIA
United States
Canada
insolvency plan proceedings
0398
Ruenz, Sebastian Frederik
Germany's Embrace of a Rescue Culture - A Comparison Between the Approaches Taken in Germany, Canada and the United States
description An increasing number of restructuring proceedings in both the United States and Canada end in the liquidation of the debtor company. This might prejudice the rescue culture approach which is deeply rooted in both countries bankruptcy laws. At the very least, it is the expression of different economic circumstances and of a different creditors’ structure which has excited for a little over a decade. This thesis gives an overview of the different approaches available in Germany, Canada and the United States to rescue a debtor and explains what exactly is meant by a rescue culture policy. Furthermore, it examines the extent to which each legislator has embraced the rescue culture approach. Finally, it looks at the reasons and consequences of the above mentioned current North-American trend and examines the extent to which these developments may influence the outcome of restructuring proceedings in Germany.
author2 Duggan, Anthony
author_facet Duggan, Anthony
Ruenz, Sebastian Frederik
author Ruenz, Sebastian Frederik
author_sort Ruenz, Sebastian Frederik
title Germany's Embrace of a Rescue Culture - A Comparison Between the Approaches Taken in Germany, Canada and the United States
title_short Germany's Embrace of a Rescue Culture - A Comparison Between the Approaches Taken in Germany, Canada and the United States
title_full Germany's Embrace of a Rescue Culture - A Comparison Between the Approaches Taken in Germany, Canada and the United States
title_fullStr Germany's Embrace of a Rescue Culture - A Comparison Between the Approaches Taken in Germany, Canada and the United States
title_full_unstemmed Germany's Embrace of a Rescue Culture - A Comparison Between the Approaches Taken in Germany, Canada and the United States
title_sort germany's embrace of a rescue culture - a comparison between the approaches taken in germany, canada and the united states
publishDate 2013
url http://hdl.handle.net/1807/43320
work_keys_str_mv AT ruenzsebastianfrederik germanysembraceofarescuecultureacomparisonbetweentheapproachestakeningermanycanadaandtheunitedstates
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