The Yale Law Journal

Robert K. Rasmussen

Article

Antibankruptcy

Douglas G. Baird & Robert K. Rasmussen

119 Yale L.J. 648 (2010). 

In large Chapter 11 cases, the prototypical creditor is no longer a small player holding a claim much like everyone else’s, but rather a distressed debt professional advancing her own agenda. Secured creditors are more pervasive and enjoy much more control than they had e…