@techreport{NBERw6278,
 title = "A New Bankruptcy Procedure that Uses Multiple Auctions",
 author = "Oliver Hart and Rafael La Porta Drago and Florencio Lopez-de-Silane and John Moore",
 institution = "National Bureau of Economic Research",
 type = "Working Paper",
 series = "Working Paper Series",
 number = "6278",
 year = "1997",
 month = "November",
 URL = "http://www.nber.org/papers/w6278",
 abstract = {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."},
}