1.

Record Nr.

UNINA9910810820703321

Autore

Garrido Jose Maria <1965->

Titolo

Out-of-court debt restructuring

Pubbl/distr/stampa

Washington, D.C. : , : World Bank, , 2011

ISBN

1-283-49185-0

9786613491855

0-8213-8956-4

Edizione

[1st ed.]

Descrizione fisica

pages cm

Collana

World Bank studies

Disciplina

346.07/8

Soggetti

Loan workouts

Bankruptcy

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

"This study is based on the World Bank's Insolvency and Creditor/Debtor Regimes Initiative over the last decade. The current version of the study was prepared and updated by Dr. Jose Maria Garrido ... This study was presented at a roundtable within the World Bank ICR Task Force meeting in Washington DC, in January 2011"--Preface.

Nota di bibliografia

Includes bibliographical references.

Nota di contenuto

Background to out-of-court debt restructuring -- Enabling legislative framework -- Informal workout procedures -- Conclusion : a policy agenda for out-of-court debt restructurings.

Sommario/riassunto

This study provides a conceptual framework for the analysis of the questions of out-of-court debt restructuring from a policy-oriented perspective. The starting point of the analysis is given by the World Bank Principles for Effective Insolvency and Creditor Rights Systems.The study offers an overview of out-of-court restructuring, which is not seen as fundamentally opposed to formal insolvency procedures. Actually, the study contemplates different restructuring techniques as forming a continuum to the treatment of financial difficulties. Thus, from the purely contractual - or informal -