https://creativecommons.org/licenses/by/4.0/2024-08-072024-08-072016https://beta-pyxida.aueb.gr/handle/123456789/6383This paper aims to provide an up-­‐to-­‐date insight to the law and economics of the field of restructuring. We analyze core issues such as the bankruptcy decision and the bargaining process both in and out-of-court restructurings. We focus on how the US law affects human behavior in such conditions of financial distress and we discuss about the need for a new chapter 11.57 σ.Corporate Debt RestructutingPrediction of BankruptcyBargaining ProcessFinancial DistressText