Your English writing platform
Discover LudwigExact(4)
Then, the resulting threshold value (theta ^*) and the expected creditor payoff is larger under fixed compensation than under linear compensation.
Expected creditor payoff under fixed compensation is (E(Pi ^mathrm{C}_{mathrm{fix}}) = frac{r^2 + 6r + 4u + 5}{4(u + r + 1)}).
Both under optimal creditor satisfaction and no filtering failure, the expected creditor payoff in Fig. 5 decreases in a higher discrepancy between u and r, as the insolvency administrator must obtain a larger share of the pie.
We derive the expected creditor payoffs in the equilibria first: Mistrusted liquidation ((beta _1 in (beta _1^{mathrm{min}}, underline{beta }_1))): The firm will be liquidated for (theta < theta _mathrm{P}).
Similar(56)
Boyd Hughes, a lawyer for the City Council, said he expected creditors to seize the parking garages and sell them to raise cash for the bondholders.
At his news conference, Mr. Papaconstantinou said he expected creditors to approve the release of the next scheduled installment of financing to Greece, valued at 12 billion euros, at some point this month.
In any year when the economy grows faster than expected, creditors will receive 5% of the difference between the size of GDP in that year and that predicted by the prospectus.
Creditors have to be compensated by paying a higher risk premium, to keep the expected creditors' return constant.
If they choose to fund themselves by borrowing internationally, they must expect creditors to impose some conditions.
One can expect creditors to argue that the debtor should have received some consideration for giving up its rights in this regard.
Some expect creditors to challenge the filing, arguing the board did not meet requirements under PROMESA to conduct good faith negotiations out of court.
Write better and faster with AI suggestions while staying true to your unique style.
Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com