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What's Right About Chapter 11

William C. Whitford

Abstract

I will not focus principally on the proposed alternatives to Chapter 11. My focus instead is on Chapter 11. While certainly there are difficulties with Chapter 11 as practiced, I believe it has some unrecognized or underemphasized virtues, virtues that will be lost if Chapter 11 is replaced in one of the radical ways that has been proposed.

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Key concepts: Law and economics, Economics, Business