PPT-Topic 1. Part 7. The Political-Economy of Financial Panics and Bankruptcy 1837-1860

Part 3 The Panic of 1857 Bank Runs and an International Crisis The immediate event that touched off the panic in the USA was the failure of the New York branch of the Ohio Life Insurance and Trust Co on 24 August 1857. Chapter 11 Bankruptcy is the process created by the United States Bankruptcy Code to preserve the going concern value of operating businesses and to allow for a decision to be made by company’s creditors and equity holders or the Bankruptcy Court (if agreement cannot be reached) as to how such going concern value will be shared, distributed or reallocated. Cameron M. Weber. May 8, 2015. Dissertation Concerning a Political Economy of Art with Emphasis on the United States of America. Note title of dissertation. (Leonard Welsted 1724). Dissertation is intended to be a contribution and not a last word.. BIJAN BIDABAD. WSEAS Post Doctorate Researcher. No. 2, 12th St., . Mahestan. Ave., . Shahrak. . Gharb. , Tehran, 14658 . IRAN. bijan@bidabad.com. . http://www.bidabad.com/.  . NIKOS MASTORAKIS. The Social Construction of Reality. Peter Berger and Thomas . Luckman. , 1966. Knowledge is derived from and maintained by social interaction. The meanings of anything are the product of human interpretations and are not in nature. Product Quality and Pricing?. Gordon M. Phillips. University of Maryland and NBER. and. Giorgo. . Sertsios. University of Maryland. Background. Financial Distress means that a firm has a high probability of not being able to meet their payment obligations. Nevertheless, shareholders continue to run the firm. If the firm does not meet their debt payments it can be declared bankrupt. . 105MC Carousel . What is a moral panic? . How are moral panics created? . Through:. Folk devils – outsiders (folk law / media) . Outsiders as deviants . Outsiders blamed for criminality, social problems, immorality, disease . Lower. Canada 1830s. : 2 . groups. The . Business. class (. bourgeoisie. ). :. Rich. . $$$. Language.  English. Origins. .  . British. ‘Montrealers’. ‘. Tory Party’  . Political. Wenli. Li, FRB Philadelphia. Michelle J. White, UCSD and NBER. What we do: . Examine the interaction of homeowners’ decisions to default on their mortgages and file for bankruptcy. . We test: . W. Dr. John Barry. Centre for Progressive Economics, Belfast. Political Economy. Crisis and opportunity . The race to the bottom….. ‘Economic recovery’. Recovery to what? . A return to FDI, . globalised. OR. A Galactic Rebellion. Video. How We Can use Star Wars to Remember the 1837 Rebellion. Surprisingly there are a lot of similarities!. The Rebels in Star Wars can be compared to the Patriotes and the Rebels in Upper and Lower Canada. 1. Agenda. Economic rationale behind instituting a bankruptcy regime. Institutional architecture of Insolvency and Bankruptcy Code (IBC), 2016. Role of IBBI under IBC, 2016. Progress made so far. Things to look forward to in future. United States in 1820. Stereotypes. North. Southerners were:. aristocratic (high-. felut’n. ). Lazy. Only successful due to slave labor . Stereotypes. South. Northerners were:. Greedy Capitalists. Materialistic. Chapter 26 Bankruptcy, Workouts, and Corporate Reorganization Chapter Outline 26.1 Introduction 26.2 What is Financial Distress and Failure ? 26.3 Voluntary Restructuring and Corporate Focus 26.4 Bankruptcy Unit 3: Operational Law For Business . Legal Environments of Business. Essential Questions: . What is bankruptcy? . What are some types of debtor protection available under law? . What is the difference between Chapter 7 and .