October 2, 2012 -- UCLA School of Law will host the Bankruptcy Success Modeling Conference, sponsored by the UCLA-LoPucki Bankruptcy Research Database (BRD), on February 15, 2013. The conference will bring together 18 leading bankruptcy scholars to begin developing empirical answers to what causes reorganizations to succeed or fail.
The project models success as a function of general economic conditions, the bankrupt firm’s financial condition and the bankruptcy procedures employed. Data collection for this project has been in progress for more than two years. The project’s objective is a set of statistical models that can identify, predict and explain success, and evaluate bankruptcy procedures. Determining the meaning of “success” is part of the problem to be solved.
The conference aims to encourage and focus bankruptcy success modeling, share preliminary results and determine the direction of future data collection and analysis. The conference is supported by grants from the National Conference of Bankruptcy Judges Endowment for Education and the Anthony H. N. Schnelling ABI Endowment Fund.
The BRD—a window on the world of big bankruptcy—was developed by UCLA Law Professor Lynn LoPucki. The database contains information on every large, public company bankruptcy filed in the United States since 1980 and is available without charge to scholars throughout the world. Professor LoPucki donated the research database to UCLA School of Law in December 2009.
For more information about the conference, please click here. For the conference schedule, please click here.