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Title: Creditor conflict and bankruptcy resolution in Spain
Authors: Aguiar-Díaz, Inmaculada 
Ruiz-Mallorquí, María Victoria 
UNESCO Clasification: 5301 Política fiscal y hacienda pública nacionales
Keywords: Bancarrota
Corporate Bankruptcy
Issue Date: 2013
Publisher: 1698-5117
Journal: Universia Business Review 
Abstract: The focus of this paper is to analyze the effect of the type of creditors, and specially, the conflict between bank creditors and commercial ones, in the resolution of the bankruptcy. The results for a group of Spanish unlisted firms are: 1) the different priority given to them by law in the recovery of their credits implies that creditors have different preferences regarding the bankruptcy resolution; and 2) the conflict between both types of creditors reduces the probability of reorganization in bankrupt firm.
ISSN: 1698-5117
Source: Universia Business Review[ISSN 1698-5117],v. 39, p. 50-65
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