PROFESSIONAL FEES IN CORPORATE BANKRUPTCIES by Lynn M. LoPucki, Joseph W. Doherty ( 9780195337723 )

Item Details

Title:

PROFESSIONAL FEES IN CORPORATE BANKRUPTCIES
DATA, ANALYSIS, AND EVALUATION

By:

Lynn M. LoPucki, Joseph W. Doherty

Format:

Hardback

List price:

£72.00

Our price:

£63.00

Discount:

12.5% off

You save:

£9.00

ISBN 10:

0195337727

ISBN 13:

9780195337723

Availability:

Usually dispatched within 1-3 weeks.

Delivery rates

Stock:

Currently 0 available

Publisher:

OXFORD UNIVERSITY PRESS INC

Pub. date:

19 April, 2011

Pages:

336

Description:

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 anda 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.

Synopsis:

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.

Publication:

Imprint:

Oxford University Press Inc

Returns:

Non-returnable

Some other items by this author:

COMMERCIAL TRANSACTIONS

CONFIDENTIALITY, TRANSPARENCY, AND THE U.S. CIVIL JUSTICE SYSTEM (HB)

COURTING FAILURE (PB)

SECURED CREDIT