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Debates about the law of corporate reorganizations often seem to be debates about facts.'From this it might seem that good empirical research can resolve the large differences that exist between competing camps of bankruptcy scholarship.First-rate empirical work has, of course, been done. 2It has also changed the way some have thought about bankruptcy law. 3 Nevertheless, it would be a mistake to think that empirical studies will t Harry A.
Douglas G. Baird (Tue,) studied this question.