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- W279482590 abstract "This article analyzes the underlying rationale of the Supreme Court's recent decision in Bank of America v. 203 North LaSalle Street Partnership, expanding the Court's normative observations regarding market choice and economic self-determination into a more comprehensive on how the provisions of Chapter 11 ought to be interpreted and applied. Conceiving the Chapter 11 process as a forum for complex decisionmaking, the authors' thesis is that the rules of the Chapter 11 process ought to be interpreted in accordance with what they call a theory of competitive choice. This posits that the best decisions regarding what is to be done with bankrupt debtors, their obligations, and their assets are more likely to be realized if decisionmaking in the bankruptcy context is made to approximate decisionmaking in the context of financially healthy firms outside the bankruptcy arena. Adopting a market-oriented approach that recognizes the need for market regulation tailored to the special circumstances of insolvent firms, the authors offer a coherent way to interpret the rules of the Chapter 11 process in a manner that is consistent with the operation of commercial markets generally." @default.
- W279482590 created "2016-06-24" @default.
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- W279482590 date "2000-07-12" @default.
- W279482590 modified "2023-09-23" @default.
- W279482590 title "Competitive Choice Theory and the Broader Implications of the Supreme Court's Analysis in Bank of America v. 203 North LaSalle Street Partnership" @default.
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