The Logic and Limits of Bankruptcy Law

9th Cir action analysis apply automatic stay avoiding powers bank Bankr Bankruptcy Code bankruptcy law bankruptcy petition bankruptcy policy bankruptcy proceeding bargaining behavior benefit bona fide purchaser chapter 11 claimants claims collateral collective proceeding collectivization commencement common pool problem Consider corporation costs court debt debt-collection debtor debtor's assets decision default effect example executory contracts exempt property existing filing firm firm's fraudulent conveyance law fresh-start policy future human capital incentive incomplete heuristics insolvent ipso facto clauses issue justified letter of credit liabilities liquidation loan McCoid moreover negotiations nonbankruptcy attributes nonbankruptcy law nonbankruptcy rights normative owners ownership payment permits postpetition prebankruptcy preference law prepetition priority protection provides question reason relative values reorganization requires result right of discharge risk rule secured creditor security interest shareholders sold statute statutory liens Supplier supra note Swift Aire third party tort transfer trustee Uniform Commercial Code unsecured valuation