February 1, 2015

Free Markets and Bankruptcy

Below is a link to my recent entry in The Congress Blog of the The Hill Newspaper.  I hope in this short piece to start a policy conversation around the first principles of bankruptcy law.  Should bankruptcy operate as a check on the free market to help troubled companies, or should bankruptcy assist market-based outcomes by providing a centralized forum for resolving insolvency?  Please provide comments!

Link:

http://bit.ly/1HywBoT