In early 2005, the Brazilian Congress approved a new bankruptcy law. The new legislation increased creditor protection and improved the efficiency of the bankruptcy system. This paper evaluates the empirical consequences ...

This paper studies the Bankruptcy Law in Latin America, focusing on the Brazilian reform. We start with a review of the international literature and its evolution on this subject. Next, we examine the economic incentives ...

In early 2005 a new bankruptcy law was approved by the Brazilian Congress, taking effect a few months later. The new legislation improved creditor protection and the bankruptcy system’s efficiency. This paper tries to shed ...

In 2005, the Brazilian bankruptcy law was changed to improve secured creditor’s protection. I explore the bankruptcy reform together with heterogeneity of the judicial efficiency, at the municipal level, and heterogeneity ...

Análise e crítica das alterações propostas à legislação falimentar brasileira tendo como base o estudo empírico de empresas brasileiras que entraram em concordata no período de 1992 a 2002. Identificação das principais ...

This paper argues the validity of applying Bankruptcy rules to an insolvent decedents’ estate, notwithstanding the silence of our current Bankruptcy Law. The inheritance rules about debts were designed in our Civil Code ...