The Yale Law Journal

Richard Squire

Article

The Case for Symmetry in Creditors' Rights

Richard Squire

118 Yale L.J. 806 (2009).

 

Using an original framework for evaluating bankruptcy rules, this Article casts doubt on the efficiency of legal arrangements that give some creditors an absolute advantage over others in the division of a debtor’s assets. Such arrangements, which I classify as asymmetr…