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    • Breaking Bankruptcy Priority: How Rent-Seeking Upends the Creditors' Bargain 

      Roe, Mark J.; Tung, Frederick (Virginia Law Review Association, 2013)
      “Bankruptcy reallocates value in a faltering firm. The bankruptcy apparatus eliminates some claims and alters others, leaving a reduced set of claims to match the firm’s diminished capacity to pay. This restructuring is ...