A New Bankruptcy Procedure that Uses Multiple Auctions
NBER Working Paper No. 6278
We develop a new bankruptcy procedure that makes use of multiple auctions. The procedure" is designed to work even when capital markets do not function well (for example in developing" economies, or in economies in transition) -- although it can be used in all economies."
Published: European Economic Review, Papers and Proceedings, Vol. 41, nos. 3-5(April 1997): 461-473.