1. Some authors go beyond and have even suggested that creditors should be required to cooperate in corporate w orkouts. See Horst Eidenm�ller and Kristin van Zw ieten, The Case for Creditor Cooperation Duties in Corporate Workouts, The CLS Blue Sky Blog;China Australia;Many governments and financial regulators are encouraging debtors and creditors to reach out of court agreements. Countries incentivizing negotiations and w orkouts include,2020
2. Show ing that debt restructurings can easily be achieved in companies w ith simple capital structures, see Edw ard R. Morrison, Bargaining around Bankruptcy: Small Business Dis tress and State Law 38;John Armour;John Armour, Luca Enriques et al, THE ANATOMY OF CORPORATE LAW: A COMPARATIVE AND FUNCTIONAL APPROACH,2009
3. Troubled Debt Restructurings: An Empirical Study of Private Reorganization of Firms in Default;C Stuart;JOURNAL OF FINANCIAL ECONOMICS,1990