Out-of-Court Debt Restructuring

Garrido, Jose M.

dc.creator	Garrido, Jose M.
dc.date	2012-03-19T08:44:06Z
dc.date	2012-03-19T08:44:06Z
dc.date	2012-01-12
dc.date.accessioned	2023-02-17T20:33:09Z
dc.date.available	2023-02-17T20:33:09Z
dc.identifier	http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000356161_20120109022525
dc.identifier	978-0-8213-8983-6
dc.identifier	http://hdl.handle.net/10986/2230
dc.identifier.uri	http://localhost:8080/xmlui/handle/CUHPOERS/242608
dc.description	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. The study discusses the advantages and disadvantages of all the debt restructuring techniques, and concludes, in this regard, that a legal system may contain a number of options a menu that can cover different sets of circumstances. In the end, the law may offer a toolbox with very different instruments that the parties may use depending on the specific facts of the case. The study also provides a checklist that can be used to examine the features of a legal system that bear a direct influence on debt restructuring activities.
dc.language	English
dc.publisher	World Bank
dc.relation	World Bank Study
dc.rights	CC BY 3.0 IGO
dc.rights	http://creativecommons.org/licenses/by/3.0/igo
dc.rights	World Bank
dc.subject	ABSOLUTE PRIORITY RULES
dc.subject	ACCURATE FINANCIAL INFORMATION
dc.subject	ADMINISTRATION CONTRACTS
dc.subject	AMOUNT OF DEBT
dc.subject	ANTI-MONEY LAUNDERING
dc.subject	ASSET SALES
dc.subject	ASSETS
dc.subject	AUTOMATIC STAY
dc.subject	BANK DEBT
dc.subject	BANK INSOLVENCY
dc.subject	BANK INSOLVENCY INITIATIVE
dc.subject	BANKRUPTCY
dc.subject	BANKRUPTCY LAWS
dc.subject	BANKRUPTCY PROCEEDINGS
dc.subject	BANKRUPTCY SYSTEMS
dc.subject	BONDHOLDER
dc.subject	BUSINESS PLAN
dc.subject	CAPITAL INJECTIONS
dc.subject	CODE OF CONDUCT
dc.subject	COLLATERAL
dc.subject	COLLECTION EFFORTS
dc.subject	COLLECTIVE ACTION
dc.subject	COLLECTIVE ACTION PROBLEMS
dc.subject	COMMERCIAL LAW
dc.subject	COMPANY LAW
dc.subject	COMPOSITION AGREEMENT
dc.subject	CONCESSION
dc.subject	CONFLICTS OF INTEREST
dc.subject	CONTRACTUAL ARRANGEMENTS
dc.subject	CONTRACTUAL PROVISIONS
dc.subject	CONTRACTUAL RELATIONSHIPS
dc.subject	CONVERSION OF DEBT
dc.subject	CONVERSION OF DEBT INTO EQUITY
dc.subject	CORPORATE DEBT
dc.subject	CORPORATE DISTRESS
dc.subject	CORPORATE FINANCIAL DIFFICULTY
dc.subject	CORPORATE FINANCIAL DISTRESS
dc.subject	CORPORATE GOVERNANCE
dc.subject	CORPORATE LAW
dc.subject	CORPORATE WORKOUTS
dc.subject	COURT DEBT
dc.subject	COURT INTERVENTION
dc.subject	COURT RESTRUCTURING
dc.subject	CREDITOR
dc.subject	CREDITOR ACTIONS
dc.subject	CREDITOR RIGHTS
dc.subject	CREDITOR RIGHTS SYSTEMS
dc.subject	CREDITORS
dc.subject	CREDITS
dc.subject	DEBT CONVERSIONS
dc.subject	DEBT INSTRUMENTS
dc.subject	DEBT PROBLEMS
dc.subject	DEBT RESCHEDULING
dc.subject	DEBT RESTRUCTURING
dc.subject	DEBT RESTRUCTURING MECHANISMS
dc.subject	DEBT SALES
dc.subject	DEBT SECURITIES
dc.subject	DEBTOR
dc.subject	DEBTOR COMPANY
dc.subject	DEBTOR ENTERPRISES
dc.subject	DEBTOR'S COMPANY
dc.subject	DEBTORS
dc.subject	DEBTS
dc.subject	DISTRESSED ASSETS
dc.subject	DISTRESSED COMPANIES
dc.subject	DISTRESSED COMPANY
dc.subject	DISTRESSED ENTERPRISE
dc.subject	DUE DILIGENCE
dc.subject	ECONOMIC SITUATION
dc.subject	EFFECTIVE INSOLVENCY
dc.subject	EFFECTIVE INSOLVENCY SYSTEM
dc.subject	EFFICIENT INSOLVENCY
dc.subject	ENFORCEMENT MECHANISMS
dc.subject	ENTERPRISE REORGANIZATIONS
dc.subject	ENTERPRISE RESTRUCTURING
dc.subject	EQUITY CONVERSIONS
dc.subject	EQUITY EXCHANGES
dc.subject	EXECUTORY CONTRACTS
dc.subject	EXISTING CREDITORS
dc.subject	EXISTING DEBT
dc.subject	FINANCIAL CREDITOR
dc.subject	FINANCIAL CREDITORS
dc.subject	FINANCIAL CRISIS
dc.subject	FINANCIAL DIFFICULTIES
dc.subject	FINANCIAL DIFFICULTY
dc.subject	FINANCIAL INSTITUTION
dc.subject	FINANCIAL INSTITUTIONS
dc.subject	FINANCIAL POSITION
dc.subject	FINANCIAL PROBLEM
dc.subject	FINANCIAL PROBLEMS
dc.subject	FINANCIAL SITUATION
dc.subject	FINANCIAL STABILITY
dc.subject	FINANCIALLY DISTRESSED ENTERPRISES
dc.subject	FOREIGN COURTS
dc.subject	FOREIGN PROCEEDINGS
dc.subject	FORMAL BANKRUPTCY
dc.subject	FORMAL INSOLVENCY
dc.subject	FORMAL INSOLVENCY PROCEEDING
dc.subject	FORMAL INSOLVENCY PROCEEDINGS
dc.subject	FORMAL LIQUIDATION
dc.subject	FORMAL REORGANIZATION
dc.subject	FRAUD
dc.subject	FRAUDULENT BEHAVIOR
dc.subject	GENERAL COUNSEL
dc.subject	GOOD FAITH
dc.subject	GROUP OF CREDITORS
dc.subject	ILLIQUIDITY
dc.subject	IMMEDIATE INSOLVENCY
dc.subject	INDEBTEDNESS
dc.subject	INFORMAL ARRANGEMENTS
dc.subject	INFORMAL PROCEDURES
dc.subject	INFORMAL WORKOUT
dc.subject	INFORMAL WORKOUT PROCEDURE
dc.subject	INFORMAL WORKOUTS
dc.subject	INSOLVENCY ASSESSMENTS
dc.subject	INSOLVENCY LAW
dc.subject	INSOLVENCY LAW REFORM
dc.subject	INSOLVENCY LAWS
dc.subject	INSOLVENCY LEGISLATION
dc.subject	INSOLVENCY POLICIES
dc.subject	INSOLVENCY POLICY
dc.subject	INSOLVENCY PROCEDURE
dc.subject	INSOLVENCY PROCEDURES
dc.subject	INSOLVENCY PROCESS
dc.subject	INSOLVENCY PROCESSES
dc.subject	INSOLVENCY SET
dc.subject	INSOLVENCY SYSTEMS
dc.subject	INSURANCE
dc.subject	INTEREST PAYMENTS
dc.subject	INTERNATIONAL ACCOUNTING
dc.subject	JUDGES
dc.subject	JUDGMENT
dc.subject	JUDICIAL MECHANISMS
dc.subject	JUDICIAL SYSTEM
dc.subject	JUDICIARY
dc.subject	JURISDICTION
dc.subject	JURISDICTIONS
dc.subject	LARGE NUMBER OF CREDITORS
dc.subject	LEGAL FRAMEWORK
dc.subject	LEGAL SYSTEM
dc.subject	LEGAL SYSTEMS
dc.subject	LEGISLATIVE FRAMEWORK
dc.subject	LENDER
dc.subject	LIABILITY
dc.subject	LIQUIDATION
dc.subject	LIQUIDATION PROCEDURES
dc.subject	LIQUIDATION PROCEEDINGS
dc.subject	LIQUIDITY CRISIS
dc.subject	MAJORITY OF CREDITORS
dc.subject	MARKET VALUE
dc.subject	MINORITY CREDITORS
dc.subject	MORATORIUM ON CREDITOR
dc.subject	MULTIPLE CLAIMANTS
dc.subject	NEGOTIATION
dc.subject	NEGOTIATIONS
dc.subject	NONVIABLE COMPANIES
dc.subject	NUMBER OF BANKS
dc.subject	NUMBER OF CREDITORS
dc.subject	PAYMENT TERMS
dc.subject	PAYMENTS TO CREDITORS
dc.subject	POTENTIAL LIABILITIES
dc.subject	PROCEDURAL ISSUES
dc.subject	PROCUREMENT
dc.subject	PUBLIC ADMINISTRATION
dc.subject	PUBLIC DEBT
dc.subject	PUBLIC INFORMATION
dc.subject	RECAPITALIZATION
dc.subject	REGULATORY FRAMEWORK
dc.subject	REGULATORY SYSTEM
dc.subject	REMEDIES
dc.subject	REORGANIZATION PLAN
dc.subject	REORGANIZATION PROCEDURE
dc.subject	REORGANIZATION PROCEEDINGS
dc.subject	REORGANIZATION PROCESS
dc.subject	REPAYMENT
dc.subject	RESTRUCTURING PLAN
dc.subject	RESTRUCTURING PROCESSES
dc.subject	RESTRUCTURING TECHNIQUES
dc.subject	RIGHTS OF CREDITORS
dc.subject	SINGLE CREDITOR
dc.subject	STATUTORY PROVISIONS
dc.subject	STAY OF CREDITOR ACTIONS
dc.subject	STAY ON CREDITOR
dc.subject	STAY ON CREDITORS
dc.subject	SUBJECT TO INSOLVENCY
dc.subject	SYSTEMIC CRISES
dc.subject	SYSTEMIC CRISIS
dc.subject	TRADE CREDITORS
dc.subject	TRADE DEBT
dc.subject	TRADE DEBTS
dc.subject	TRUSTEE
dc.subject	TRUSTEE INDENTURE
dc.subject	VALUATION OF ASSETS
dc.subject	VIABLE BUSINESS
dc.subject	VIABLE BUSINESSES
dc.subject	WAGES
dc.subject	WORKOUT AGREEMENT
dc.subject	WORKOUTS
dc.title	Out-of-Court Debt Restructuring
dc.type	Publications & Research :: Publication
dc.type	Publications & Research :: Publication