👉 Bankruptcy research explores the economic, legal, and social impacts of bankruptcy on individuals, businesses, and the broader economy. It examines how different bankruptcy laws affect debtor outcomes, creditor recovery, and market efficiency. Studies often analyze empirical data to assess the effectiveness of various bankruptcy chapters (e.g., Chapter 7 liquidation vs. Chapter 11 reorganization) in promoting economic stability and growth. Researchers also investigate the psychological and behavioral aspects of bankruptcy decisions, as well as the role of bankruptcy in fostering entrepreneurship and innovation by providing a fresh start for businesses. The findings aim to inform policy reforms and improve the design of bankruptcy systems to balance creditor rights with debtor rehabilitation.
