Setting the Standard for Big Case Bankruptcy Research
What is the BRD?
The UCLA-LoPucki Bankruptcy Research Database (BRD) is a dataset consisting of approximately 200 fields of data on each of the approximately one thousand large, public company bankruptcies filed in the United States Bankruptcy Courts since October 1, 1979. We update the BRD monthly. The purpose of the BRD is to promote research by providing a statistical-analysis-ready core of basic data.
The BRD includes data on all large, public company bankruptcies. We consider a company "public" if it filed an Annual Report (form 10-K or form 10) with the Securities and Exchange Commission for a year ending not less than three years prior to the filing of the bankruptcy case. We consider a company "large" if that Annual Report reported assets worth $100 million or more, measured in 1980 dollars (about $280 million in current dollars). Coverage includes cases filed under Chapter 7 and Chapter 11, whether filed by the debtors or creditors.
The BRD contains several fields designed to facilitate its use along with data from other sources. They include several standard company identifiers and bankruptcy court case numbers.
We keep the BRD in Microsoft Access and distribute it in Microsoft Excel (.xslx) and Comma Separated Values (.csv) formats. Along with the data files, we include Stata Do Files that convert the CSV file to a Stata Dat file and run some sample regressions. Stata users can generate research results almost immediately.
How do I obtain the complete database?
The UCLA School of Law makes the complete BRD available free of charge to academics, including both students and faculty, for identified research projects intended for publication. For a limited time only, the School also makes the complete BRD available free of charge to members of the American Bankruptcy Institute and the Turnaround Management Association. To Request a copy of the complete database, visit our Request Download page.
How do I use the online version of the BRD?
The School also makes an abbreviated version of the BRD available to the public free of charge on this website, along with software that facilitates its use. This online version contains 22 of the 200 fields from the complete BRD and covers the same cases covered by the complete BRD. The online version is available in three formats:
1. By company. A page for each company shows the seventeen items for that company. Users seeking specific facts about particular cases will find this format easiest to use. Users can reach it through the View Data and By Company tabs.
2. By interactive spreadsheet. Twenty-two fields of data are available by interactive spreadsheet. Users can choose which fields to display and order the data by any field. Users can reach the interactive spreadsheet through the View Data and BRD Spreadsheet tabs.
3. Design a Study. Up to twenty-two fields of data can be used to design customized studies. The user selects the types of cases to be included in the study and the basis for case aggregation. The program runs the study and reports case names, data for the aggregation field, and some basic statistics. The statistics are frequency for each category of the aggregation variable and means, medians, and standard deviations for each category of the duration, assets, employees, and sales variables. Users can reach the Design a Study tool through the Query Data tab.
How is the BRD funded?
Financial support for the BRD has come from the UCLA School of Law, grants from the National Conference of Bankruptcy Judges Endowment, the American Bankruptcy Institute's Anthony H.N. Schnelling ABI Endowment Fund, the Turnaround Management Association, and private gifts.
If you or your organization is interested in supporting the BRD's mission to promote big case bankruptcy research, please contact us.
The BRD is supported by grants from these organizations:
In funding the Success Modeling Project, these organizations do not endorse or express any opinion about the approach used by the project, or any conclusions, opinions, or report of any research results expressed in or disseminated by the project.
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© 2005-2014 Lynn M. LoPucki and UCLA School of Law