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  • Professional Fees in Corporate Bankruptcies: Data, Analysis, and Evaluation

    Professional Fees in Corporate Bankruptcies by LoPucki, Lynn M.; Doherty, Joseph W.;

    Data, Analysis, and Evaluation

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    A termék adatai:

    • Kiadó OUP USA
    • Megjelenés dátuma 2011. május 5.

    • ISBN 9780195337723
    • Kötéstípus Keménykötés
    • Terjedelem336 oldal
    • Méret 156x234x19 mm
    • Súly 644 g
    • Nyelv angol
    • 0

    Kategóriák

    Rövid leírás:

    Professional Fees in Corporate Bankruptcies: Data, Analysis, and Evaluation is based on a study of thousands of documents from the court files in over a hundred of the largest bankruptcy cases. It employs statistical analysis and documents its findings, and provides an unprecedented window on the worlds of bankruptcy professionals, professional fees, and their scientific study. Through that window, readers see both a disturbing picture of a legal system in crisis and a hopeful one with opportunities for desperately needed reform. This book will be of interest not only to scholars studying professional fees, but also to bankruptcy professionals, judges, policymakers, and anyone interested in the functioning of law-based systems.

    Több

    Hosszú leírás:

    Bankrupt Enron paid well over a billion dollars in cash to bankruptcy lawyers, financial advisors, and other bankruptcy professionals. The managers of most bankrupt companies pay the professionals with money that would otherwise have gone to creditors, employees, shareholders, or to saving the companies. To prevent excessive payments, the bankruptcy code and rules establish an elaborate system for public reporting and court approval of professional fees.

    Armed with the ability to choose among courts that want or need to attract the cases, the professionals have largely taken charge of the fee-control system and rendered it toothless. The professionals ignore many of the governing rules and the courts do nothing about it. Effective methods for assessing and controlling fees do exist, but it is not in the interests of the courts or the professionals to apply them.

    Professional Fees in Corporate Bankruptcies: Data, Analysis, and Evaluation, by Lynn M. LoPucki and Joseph W. Doherty is based on a study of thousands of documents from the court files in over a hundred of the largest bankruptcy cases. It employs statistical analysis and documents its findings, and provides an unprecedented window on the worlds of bankruptcy professionals, professional fees, and their scientific study. Through that window, readers see both a disturbing picture of a legal system in crisis and a hopeful one with opportunities for desperately needed reform. The authors have nevertheless written it for readers with technical backgrounds in neither bankruptcy nor statistics. This book will be of interest not only to scholars studying professional fees, but also to bankruptcy professionals, judges, policymakers, and anyone interested in the functioning of law-based systems.

    Lynn LoPucki and Joseph Doherty have thus picked the perfect time to release their book, which consolidates and updates almost a decade's worth of research on the topic of professional compensation in chapter 11. A dull reading it is not.

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    Tartalomjegyzék:

    Part I: Cost Assessment
    Chapter 1. Cost Measurement
    Chapter 2. The Empirical Study
    Chapter 3. Aggregate Costs
    Chapter 4. Cost Calculators
    Chapter 5. Component Costs: Description
    Chapter 6. Component Costs: Analysis
    Part II. Cost Control
    Chapter 7. The Need for Cost Control
    Chapter 8. The Cost of Cost Control
    Chapter 9. Fee Objections
    Chapter 10. Fee Cuts
    Chapter 11. Cost Control Failure
    Chapter 12. Toward Effective Cost Control Methods
    Appendicies
    A. The Sample Cases
    B. Variables Used
    C. Glossary
    Index

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