The Bankruptcy Success Modeling Conference brought together eighteen leading bankruptcy scholars at the UCLA School of Law in February 2013. Their purpose was to begin developing empirical answers to the most important policy question in the field: 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 was in progress for more than two years. The project’s objective was a set of statistical models that can identify, predict, and explain success, and evaluate bankruptcy procedures. Determining the meaning of “success” was thus part of the problem to be solved.
The Conference was supported by grants from National Conference of Bankruptcy Judges Endowment for Education and the Anthony H.N. Schnelling ABI Endowment Fund.
The Conference’s purposes were to encourage and focus bankruptcy success modeling, share preliminary results, and determine the direction of future data collection and analysis.