Search: bankruptcy
RBA Glossary definition for bankruptcy
bankruptcy – A legal status, which can be initiated by a creditor or person concerned, whereby the bankrupt's property is vested in a trustee and, with the exception of certain personal and professional property, is available for distribution to creditors.
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References
25 Oct 2022
RDP
2022-05
Berk JB, R Stanton and J Zechner (2010), ‘Human Capital, Bankruptcy, and Capital Structure’, The Journal of Finance, 65(3), pp 891–926.
https://www.rba.gov.au/publications/rdp/2022/2022-05/references.html
Introduction
25 Oct 2022
RDP
2022-05
Second, debt covenants are widely used in financial contracts (Bradley and Roberts 2015), and violations of their terms occur more frequently than defaults or bankruptcies (Dichev and Skinner 2002; Nini, Smith
https://www.rba.gov.au/publications/rdp/2022/2022-05/introduction.html
The Real Effects of Debt Covenants: Evidence from Australia
25 Oct 2022
RDP
2022-05
Second, debt covenants are widely used in financial contracts (Bradley and Roberts 2015), and violations of their terms occur more frequently than defaults or bankruptcies (Dichev and Skinner 2002; Nini, Smith
https://www.rba.gov.au/publications/rdp/2022/2022-05/full.html