Courting Failure
LoPucki's provocative critique of Chapter 11 is required reading for everyone who cares about bankruptcy reform. This empirical account of large Chapter 11 cases will trigger intense debate both inside the academy and on the floor of Congress. Confronting LoPucki's controversial thesis-that competit...
محفوظ في:
| المؤلف الرئيسي: | |
|---|---|
| التنسيق: | Online |
| اللغة: | الإنجليزية |
| منشور في: |
University of Michigan Press
2023
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| الموضوعات: | |
| الوصول للمادة أونلاين: | https://library.oapen.org/handle/20.500.12657/63677 |
| الوسوم: |
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| _version_ | 1869526924661882880 |
|---|---|
| author | LoPucki, Lynn |
| author_browse | LoPucki, Lynn |
| author_facet | LoPucki, Lynn |
| author_sort | LoPucki, Lynn |
| collection | Directory of Open Access Books |
| description | LoPucki's provocative critique of Chapter 11 is required reading for everyone who cares about bankruptcy reform. This empirical account of large Chapter 11 cases will trigger intense debate both inside the academy and on the floor of Congress. Confronting LoPucki's controversial thesis-that competition between bankruptcy judges is corrupting them-is the most pressing challenge now facing any defender of the status quo.""
-Douglas Baird, University of Chicago Law School
""This book is smart, shocking and funny. This story has everything-professional greed, wrecked companies, and embarrassed judges. Insiders are already buzzing.""
-Elizabeth Warren, Leo Gottlieb Professor of Law, Harvard Law School
""LoPucki provides a scathing attack on reorganization practice. Courting Failure recounts how lawyers, managers and judges have transformed Chapter 11. It uses empirical data to explore how the interests of the various participants have combined to create a system markedly different from the one envisioned by Congress. LoPucki not only questions the wisdom of these changes but also the free market ideology that supports much of the general regulation of the corporate sector.""
-Robert Rasmussen, University of Chicago Law School
A sobering chronicle of our broken bankruptcy-court system, Courting Failure exposes yet another American institution corrupted by greed, avarice, and the thirst for power.
Lynn LoPucki's eye-opening account of the widespread and systematic decay of America's bankruptcy courts is a blockbuster story that has yet to be reported in the media. LoPucki reveals the profound corruption in the U.S. bankruptcy system and how this breakdown has directly led to the major corporate failures of the last decade, including Enron, MCI, WorldCom, and Global Crossing.
LoPucki, one of the nation's leading experts on bankruptcy law, offers a clear and compelling picture of the destructive power of ""forum shopping,"" in which corporations choose courts that offer the most favorable outcome for bankruptcy litigation. The courts, lured by big money and prestige, streamline their requirements and lower their standards to compete for these lucrative cases. The result has been a series of increasingly shoddy reorganizations of major American corporations, proposed by greedy corporate executives and authorized by case-hungry judges. |
| format | Online |
| id | doab-20.500.12854ir-101550 |
| institution | Directory of Open Access Books |
| language | eng |
| publishDate | 2023 |
| publishDateRange | 2023 |
| publishDateSort | 2023 |
| publisher | University of Michigan Press |
| publisherStr | University of Michigan Press |
| record_format | ojs |
| spelling | doab-20.500.12854ir-1015502025-07-17T10:01:10Z Courting Failure LoPucki, Lynn Bankruptcy -- United States.;Corporation law -- United States.;Forum shopping -- United States.;Judicial corruption -- United States. thema EDItEUR::L Law::LA Jurisprudence and general issues thema EDItEUR::L Law::LN Laws of specific jurisdictions and specific areas of law::LNA Legal systems: general::LNAA Legal systems: courts and procedures thema EDItEUR::L Law::LN Laws of specific jurisdictions and specific areas of law::LNC Company, commercial and competition law: general thema EDItEUR::L Law::LA Jurisprudence and general issues thema EDItEUR::L Law::LN Laws of specific jurisdictions and specific areas of law::LNA Legal systems: general::LNAA Legal systems: courts and procedures thema EDItEUR::L Law::LN Laws of specific jurisdictions and specific areas of law::LNC Company, commercial and competition law: general LoPucki's provocative critique of Chapter 11 is required reading for everyone who cares about bankruptcy reform. This empirical account of large Chapter 11 cases will trigger intense debate both inside the academy and on the floor of Congress. Confronting LoPucki's controversial thesis-that competition between bankruptcy judges is corrupting them-is the most pressing challenge now facing any defender of the status quo."" -Douglas Baird, University of Chicago Law School ""This book is smart, shocking and funny. This story has everything-professional greed, wrecked companies, and embarrassed judges. Insiders are already buzzing."" -Elizabeth Warren, Leo Gottlieb Professor of Law, Harvard Law School ""LoPucki provides a scathing attack on reorganization practice. Courting Failure recounts how lawyers, managers and judges have transformed Chapter 11. It uses empirical data to explore how the interests of the various participants have combined to create a system markedly different from the one envisioned by Congress. LoPucki not only questions the wisdom of these changes but also the free market ideology that supports much of the general regulation of the corporate sector."" -Robert Rasmussen, University of Chicago Law School A sobering chronicle of our broken bankruptcy-court system, Courting Failure exposes yet another American institution corrupted by greed, avarice, and the thirst for power. Lynn LoPucki's eye-opening account of the widespread and systematic decay of America's bankruptcy courts is a blockbuster story that has yet to be reported in the media. LoPucki reveals the profound corruption in the U.S. bankruptcy system and how this breakdown has directly led to the major corporate failures of the last decade, including Enron, MCI, WorldCom, and Global Crossing. LoPucki, one of the nation's leading experts on bankruptcy law, offers a clear and compelling picture of the destructive power of ""forum shopping,"" in which corporations choose courts that offer the most favorable outcome for bankruptcy litigation. The courts, lured by big money and prestige, streamline their requirements and lower their standards to compete for these lucrative cases. The result has been a series of increasingly shoddy reorganizations of major American corporations, proposed by greedy corporate executives and authorized by case-hungry judges. 2023-07-19T06:21:48Z 2023-07-19T06:21:48Z 2023-06-26T13:23:39Z 2006 book https://library.oapen.org/handle/20.500.12657/63677 9780472114863 9780472031702 9780472024315 https://directory.doabooks.org/handle/20.500.12854/101550 eng open access image/jpeg image/jpeg image/jpeg Attribution-NonCommercial-NoDerivatives 4.0 International Attribution-NonCommercial-NoDerivatives 4.0 International Attribution-NonCommercial-NoDerivatives 4.0 International https://library.oapen.org/bitstream/20.500.12657/63677/1/9780472901210.pdf https://library.oapen.org/bitstream/20.500.12657/63677/1/9780472901210.pdf https://library.oapen.org/bitstream/20.500.12657/63677/1/9780472901210.pdf University of Michigan Press 10.3998/mpub.93480 10.3998/mpub.93480 b7359529-e5f7-4510-a59f-d7dafa1d4d17 9780472114863 9780472031702 9780472024315 335 open access |
| spellingShingle | Bankruptcy -- United States.;Corporation law -- United States.;Forum shopping -- United States.;Judicial corruption -- United States. thema EDItEUR::L Law::LA Jurisprudence and general issues thema EDItEUR::L Law::LN Laws of specific jurisdictions and specific areas of law::LNA Legal systems: general::LNAA Legal systems: courts and procedures thema EDItEUR::L Law::LN Laws of specific jurisdictions and specific areas of law::LNC Company, commercial and competition law: general thema EDItEUR::L Law::LA Jurisprudence and general issues thema EDItEUR::L Law::LN Laws of specific jurisdictions and specific areas of law::LNA Legal systems: general::LNAA Legal systems: courts and procedures thema EDItEUR::L Law::LN Laws of specific jurisdictions and specific areas of law::LNC Company, commercial and competition law: general LoPucki, Lynn Courting Failure |
| title | Courting Failure |
| title_full | Courting Failure |
| title_fullStr | Courting Failure |
| title_full_unstemmed | Courting Failure |
| title_short | Courting Failure |
| title_sort | courting failure |
| topic | Bankruptcy -- United States.;Corporation law -- United States.;Forum shopping -- United States.;Judicial corruption -- United States. thema EDItEUR::L Law::LA Jurisprudence and general issues thema EDItEUR::L Law::LN Laws of specific jurisdictions and specific areas of law::LNA Legal systems: general::LNAA Legal systems: courts and procedures thema EDItEUR::L Law::LN Laws of specific jurisdictions and specific areas of law::LNC Company, commercial and competition law: general thema EDItEUR::L Law::LA Jurisprudence and general issues thema EDItEUR::L Law::LN Laws of specific jurisdictions and specific areas of law::LNA Legal systems: general::LNAA Legal systems: courts and procedures thema EDItEUR::L Law::LN Laws of specific jurisdictions and specific areas of law::LNC Company, commercial and competition law: general |
| topic_facet | Bankruptcy -- United States.;Corporation law -- United States.;Forum shopping -- United States.;Judicial corruption -- United States. thema EDItEUR::L Law::LA Jurisprudence and general issues thema EDItEUR::L Law::LN Laws of specific jurisdictions and specific areas of law::LNA Legal systems: general::LNAA Legal systems: courts and procedures thema EDItEUR::L Law::LN Laws of specific jurisdictions and specific areas of law::LNC Company, commercial and competition law: general thema EDItEUR::L Law::LA Jurisprudence and general issues thema EDItEUR::L Law::LN Laws of specific jurisdictions and specific areas of law::LNA Legal systems: general::LNAA Legal systems: courts and procedures thema EDItEUR::L Law::LN Laws of specific jurisdictions and specific areas of law::LNC Company, commercial and competition law: general |
| url | https://library.oapen.org/handle/20.500.12657/63677 |
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