| Summary: | 碩士 === 國立中央大學 === 法律與政府研究所 === 100 === This thesis discusses two main issues related to the confirmation and realization of claims in reorganization procedure. In the hope of that the reorganization process and its treatment of claim will be better understood, this thesis will present an overview of the bankruptcy regime and the elements of corporate reorganization.
Chapter 2 defines Principal characteristics of bankruptcy procedure used in the reorganization bargaining process. These principal characteristics will assist in gaining a better and efficient regulations. Could we readily apply these principles to corporate reorganization in Insolvency law？ Or the reorganization statutes attempts to structure a framework for multiparty bargaining, in which we are here concerned with (The purposes of business reorganization can be seen fall in to two large bin): One bin looks at creditor wealth maximization, and in another large bin are the other social interests. While these two camps might seem to be at war. In order to eliminate the interest conflict, modulated autonomy regulations of the creditors and a system of collective debt-collection serve two efficiency purposes.
A well-functioning reorganization process should have accuracy and predictability, diminish the uncertainty of the results of bankruptcy reorganization. Reorganization relief can thus be both fair and efficient. Especially, In this sense, filing proofs of claim and the mechanism for accomplishing it are fundamental to the bargaining dynamics of every reorganization. On this premise, we should first determine the definition of confirmation of the claims, Court also plays a vital role in determining whether a creditor's claim is adequately deemed allowed. This thesis will discusses the range of court’s statutory authorities and explore the possibility of court have potentially significant influence over the allowance procedure.
Chapter 4 and 5 introduces many of the features of reorganization provisions under the U.S. bankruptcy laws, and discusses provisions on Issues concerning the claim confirmation trial of U.S. Enterprise Bankruptcy Cases.
The Bankruptcy Code and Rules of Procedure provide mechanisms for reference , and we can analyse the confirmation and realization of claims in cases under chapter 11 of the Bankruptcy Code of experience. Chapter 6 gives a summary of the comparison of the US and the Taiwanese law in Chapters 3, 4 and 5 of this thesis.Some studies shows that some Taiwanese reorganization courts have failed to apply a strict standard to determine whether a claim should be allow. Moreover, courts have used different standards for unequitable solution to the disputes. Bankruptcy reorganization is an equal alternative to liquidation. We should also consider the standard for the reorganization courts to manage the arguments and conduct of parties to ensure judicial efficiency and to do justice. Courts can’t be biased, incompetent, or in any event powerless to protect the priority of senior investors. And conclude by combined with the creditor’s influence against the judicial power, the legal qualification requirement that allow a claim to be ensure they can participate in the bargaining process, this thesis raising a suggestion about contingent claim-allowed model .
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