Contents: Volume I Acknowledgements Introduction Edward R. Morrison PART I COMPREHENSIVE THEORIES OF BANKRUPTCY LAW 1. Thomas H. Jackson (1982), 'Bankruptcy, Non-Bankruptcy Entitlements, and the Creditors' Bargain' 2. Douglas G. Baird and Thomas H. Jackson (1984), 'Corporate Reorganizations and the Treatment of Diverse Ownership Interests: A Comment on Adequate Protection of Secured Creditors in Bankruptcy' 3. Douglas G. Baird (1986), 'The Uneasy Case for Corporate Reorganizations' 4. Samuel A. Rea, Jr. (1984), 'Arm-Breaking, Consumer Credit and Personal Bankruptcy' 5. Thomas H. Jackson (1986), 'The Fresh-Start Policy in Bankruptcy Law' PART II COLLECTIVE DECISION-MAKING BEFORE BANKRUPTCY A Theory 6. Randal C. Picker (1992), 'Security Interests, Misbehavior, and Common Pools' 7. Patrick Bolton and David S. Scharfstein (1996), 'Optimal Debt Structure and the Number of Creditors' 8. Arturo Bris and Ivo Welch (2005), 'The Optimal Concentration of Creditors' 9. Barry E. Adler (1993), 'Financial and Political Theories of American Corporate Bankruptcy' 10. Robert K. Rasmussen (1992), 'Debtor's Choice: A Menu Approach to Corporate Bankruptcy' 11. Alan Schwartz (1997), 'Contracting About Bankruptcy' 12. Barry E. Adler (1997), 'A Theory of Corporate Insolvency' B Evidence 13. Edward R. Morrison (2009), 'Bargaining Around Bankruptcy: Small Business Workouts and State Law' 14. Julian Franks and Oren Sussman (2005), 'Financial Distress and Bank Restructuring of Small to Medium Size UK Companies' 15. Sergei A. Davydenko and Julian R. Franks (2008), 'Do Bankruptcy Codes Matter? A Study of Defaults in France, Germany, and the UK' 16. Stuart C. Gilson (1997), 'Transaction Costs and Capital Structure Choice: Evidence from Financially Distressed Firms' PART III ASSET DEPLOYMENT DECISIONS IN BANKRUPTCY 17. Andrei Shleifer and Robert W. Vishny (1992), 'Liquidation Values and Debt Capacity: A Market Equilibrium Approach' 18. Todd C. Pulvino (1998), 'Do Asset Fire Sales Exist? An Empirical Investigation of Commercial Aircraft Transactions' 19. Per Stromberg (2000), 'Conflicts of Interest and Market Illiquidity in Bankruptcy Auctions: Theory and Tests' 20. Sugato Bhattacharyya and Rajdeep Singh (1999), 'The Resolution of Bankruptcy by Auction: Allocating the Residual Right of Design' 21. Lucian Arye Bebchuk (1988), 'A New Approach to Corporate Reorganizations' 22. Philippe Aghion, Oliver Hart and John Moore (1992), 'The Economics of Bankruptcy Reform' 23. Douglas G. Baird and Robert K. Rasmussen (2002), 'The End of Bankruptcy' 24. Douglas G. Baird and Robert K. Rasmussen (2003), 'Chapter 11 at Twilight' Volume II Acknowledgements An introduction to both volumes by the editor appears in Volume I PART I BUSINESS BANKRUPTCY IN PRACTICE A Bankruptcy Costs 1. Arturo Bris, Ivo Welch and Ning Zhu (2006), 'The Costs of Bankruptcy: Chapter 7 Liquidation versus Chapter 11 Reorganization' 2. Gregor Andrade and Steven N. Kaplan (1998), 'How Costly is Financial (Not Economic) Distress? Evidence from Highly Leveraged Transactions that Became Distressed' B Filtering Viable from Non-viable Firms 3. Lawrence A. Weiss and Karen H. Wruck (1998), 'Information Problems, Conflicts of Interest, and Asset Stripping: Chapter 11's Failure in the Case of Eastern Airlines' 4. Michelle J. White (1994), 'Corporate Bankruptcy as a Filtering Device: Chapter 11 Reorganizations and Out-of-Court Debt Restructurings' 5. Matthias Kahl (2002), 'Economic Distress, Financial Distress, and Dynamic Liquidation' 6. Vojislav Maksimovic and Gordon Phillips (1998), 'Asset Efficiency and Reallocation Decisions of Bankrupt Firms' 7. Edward R. Morrison (2007), 'Bankruptcy Decision Making: An Empirical Study of Continuation Bias in Small-Business Bankruptcies' C Ex Ante Investment Incentives Generally: Theory and Evidence 8. Robert Gertner and David Scharfstein (1991), 'A Theory of Workouts and the Effects of Reorganization Law' 9. Wei Fan and Michelle J. White (2003), 'Per