id	sid	tid	token	lemma	pos
fsr-3816	1	1	pii	pii	PROPN
fsr-3816	1	2	:	:	PUNCT
fsr-3816	1	3	s1057	s1057	NOUN
fsr-3816	1	4	-	-	PUNCT
fsr-3816	1	5	0810(97)90020	0810(97)90020	NUM
fsr-3816	1	6	-	-	PUNCT
fsr-3816	1	7	2	2	NUM
fsr-3816	1	8	financial	financial	ADJ
fsr-3816	1	9	services	service	NOUN
fsr-3816	1	10	review	review	NOUN
fsr-3816	1	11	,	,	PUNCT
fsr-3816	1	12	6(2	6(2	NUM
fsr-3816	1	13	):	):	PUNCT
fsr-3816	1	14	77	77	NUM
fsr-3816	1	15	-	-	SYM
fsr-3816	1	16	96	96	NUM
fsr-3816	1	17	copyright	copyright	NOUN
fsr-3816	1	18	0	0	NUM
fsr-3816	1	19	1997	1997	NUM
fsr-3816	1	20	by	by	ADP
fsr-3816	1	21	jai	jai	PROPN
fsr-3816	1	22	press	press	PROPN
fsr-3816	1	23	inc	inc	PROPN
fsr-3816	1	24	.	.	PROPN
fsr-3816	1	25	issn	issn	PROPN
fsr-3816	1	26	:	:	PUNCT
fsr-3816	1	27	1057	1057	NUM
fsr-3816	1	28	-	-	SYM
fsr-3816	1	29	0810	0810	NUM
fsr-3816	1	30	all	all	DET
fsr-3816	1	31	tights	tight	NOUN
fsr-3816	1	32	of	of	ADP
fsr-3816	1	33	reproduction	reproduction	NOUN
fsr-3816	1	34	in	in	ADP
fsr-3816	1	35	any	any	DET
fsr-3816	1	36	form	form	NOUN
fsr-3816	1	37	reserved	reserve	VERB
fsr-3816	1	38	.	.	PUNCT
fsr-3816	2	1	personal	personal	ADJ
fsr-3816	2	2	bankruptcy	bankruptcy	NOUN
fsr-3816	2	3	costs	cost	NOUN
fsr-3816	2	4	:	:	PUNCT
fsr-3816	2	5	their	their	PRON
fsr-3816	2	6	relevance	relevance	NOUN
fsr-3816	2	7	and	and	CCONJ
fsr-3816	2	8	some	some	DET
fsr-3816	2	9	estimates	estimate	VERB
fsr-3816	2	10	james	james	PROPN
fsr-3816	2	11	s.	s.	PROPN
fsr-3816	2	12	ang	ang	PROPN
fsr-3816	2	13	ali	ali	PROPN
fsr-3816	2	14	m.	m.	PROPN
fsr-3816	2	15	fatemi	fatemi	PROPN
fsr-3816	3	1	the	the	DET
fsr-3816	3	2	paper	paper	NOUN
fsr-3816	3	3	argues	argue	VERB
fsr-3816	3	4	that	that	SCONJ
fsr-3816	3	5	there	there	PRON
fsr-3816	3	6	is	be	VERB
fsr-3816	3	7	a	a	DET
fsr-3816	3	8	need	need	NOUN
fsr-3816	3	9	for	for	ADP
fsr-3816	3	10	the	the	DET
fsr-3816	3	11	formal	formal	ADJ
fsr-3816	3	12	treatment	treatment	NOUN
fsr-3816	3	13	of	of	ADP
fsr-3816	3	14	personal	personal	ADJ
fsr-3816	3	15	bankruptcy	bankruptcy	NOUN
fsr-3816	3	16	costs	cost	NOUN
fsr-3816	3	17	in	in	ADP
fsr-3816	3	18	thefinance	thefinance	NOUN
fsr-3816	3	19	literature	literature	NOUN
fsr-3816	3	20	.	.	PUNCT
fsr-3816	4	1	the	the	DET
fsr-3816	4	2	need	need	NOUN
fsr-3816	4	3	arises	arise	VERB
fsr-3816	4	4	out	out	ADP
fsr-3816	4	5	of	of	ADP
fsr-3816	4	6	the	the	DET
fsr-3816	4	7	relevance	relevance	NOUN
fsr-3816	4	8	of	of	ADP
fsr-3816	4	9	such	such	ADJ
fsr-3816	4	10	costs	cost	NOUN
fsr-3816	4	11	to	to	ADP
fsr-3816	4	12	both	both	CCONJ
fsr-3816	4	13	corporate	corporate	ADJ
fsr-3816	4	14	and	and	CCONJ
fsr-3816	4	15	personal	personal	ADJ
fsr-3816	4	16	financing	financing	NOUN
fsr-3816	4	17	decisions	decision	NOUN
fsr-3816	4	18	.	.	PUNCT
fsr-3816	5	1	we	we	PRON
fsr-3816	5	2	show	show	VERB
fsr-3816	5	3	that	that	SCONJ
fsr-3816	5	4	(	(	PUNCT
fsr-3816	5	5	a	a	X
fsr-3816	5	6	)	)	PUNCT
fsr-3816	5	7	personal	personal	ADJ
fsr-3816	5	8	bankruptcy	bankruptcy	NOUN
fsr-3816	5	9	costs	cost	NOUN
fsr-3816	5	10	(	(	PUNCT
fsr-3816	5	11	like	like	ADP
fsr-3816	5	12	personal	personal	ADJ
fsr-3816	5	13	taxes	taxis	NOUN
fsr-3816	5	14	)	)	PUNCT
fsr-3816	5	15	are	be	AUX
fsr-3816	5	16	relevant	relevant	ADJ
fsr-3816	5	17	to	to	ADP
fsr-3816	5	18	the	the	DET
fsr-3816	5	19	corporate	corporate	ADJ
fsr-3816	5	20	capital	capital	NOUN
fsr-3816	5	21	structure	structure	NOUN
fsr-3816	5	22	problem	problem	NOUN
fsr-3816	5	23	and	and	CCONJ
fsr-3816	5	24	that	that	SCONJ
fsr-3816	5	25	(	(	PUNCT
fsr-3816	5	26	b	b	X
fsr-3816	5	27	)	)	PUNCT
fsr-3816	5	28	differential	differential	ADJ
fsr-3816	5	29	bankruptcy	bankruptcy	NOUN
fsr-3816	5	30	costs	cost	NOUN
fsr-3816	5	31	across	across	ADP
fsr-3816	5	32	corporations	corporation	NOUN
fsr-3816	5	33	and	and	CCONJ
fsr-3816	5	34	individuals	individual	NOUN
fsr-3816	5	35	can	can	AUX
fsr-3816	5	36	result	result	VERB
fsr-3816	5	37	in	in	ADP
fsr-3816	5	38	a	a	DET
fsr-3816	5	39	clientele	clientele	NOUN
fsr-3816	5	40	model	model	NOUN
fsr-3816	5	41	of	of	ADP
fsr-3816	5	42	individual	individual	ADJ
fsr-3816	5	43	investment	investment	NOUN
fsr-3816	5	44	-	-	PUNCT
fsr-3816	5	45	borrowing	borrowing	NOUN
fsr-3816	5	46	decision	decision	NOUN
fsr-3816	5	47	which	which	PRON
fsr-3816	5	48	could	could	AUX
fsr-3816	5	49	lead	lead	VERB
fsr-3816	5	50	to	to	ADP
fsr-3816	5	51	insti	insti	VERB
fsr-3816	5	52	tutional	tutional	ADJ
fsr-3816	5	53	arrangements	arrangement	NOUN
fsr-3816	5	54	designed	design	VERB
fsr-3816	5	55	to	to	PART
fsr-3816	5	56	minimize	minimize	VERB
fsr-3816	5	57	combined	combined	ADJ
fsr-3816	5	58	bankruptcy	bankruptcy	NOUN
fsr-3816	5	59	costs	cost	NOUN
fsr-3816	5	60	.	.	PUNCT
fsr-3816	6	1	further	far	ADV
fsr-3816	6	2	,	,	PUNCT
fsr-3816	6	3	we	we	PRON
fsr-3816	6	4	develop	develop	VERB
fsr-3816	6	5	a	a	DET
fsr-3816	6	6	theory	theory	NOUN
fsr-3816	6	7	ofpersonal	ofpersonal	ADJ
fsr-3816	6	8	bankruptcy	bankruptcy	NOUN
fsr-3816	6	9	and	and	CCONJ
fsr-3816	6	10	a	a	DET
fsr-3816	6	11	set	set	NOUN
fsr-3816	6	12	of	of	ADP
fsr-3816	6	13	testable	testable	ADJ
fsr-3816	6	14	hypothesis	hypothesis	NOUN
fsr-3816	6	15	with	with	ADP
fsr-3816	6	16	regard	regard	NOUN
fsr-3816	6	17	to	to	ADP
fsr-3816	6	18	their	their	PRON
fsr-3816	6	19	costs	cost	NOUN
fsr-3816	6	20	.	.	PUNCT
fsr-3816	7	1	some	some	DET
fsr-3816	7	2	preliminary	preliminary	ADJ
fsr-3816	7	3	estimates	estimate	NOUN
fsr-3816	7	4	of	of	ADP
fsr-3816	7	5	personal	personal	ADJ
fsr-3816	7	6	bankruptcy	bankruptcy	NOUN
fsr-3816	7	7	costs	cost	NOUN
fsr-3816	7	8	are	be	AUX
fsr-3816	7	9	reported	report	VERB
fsr-3816	7	10	which	which	PRON
fsr-3816	7	11	suggest	suggest	VERB
fsr-3816	7	12	that	that	SCONJ
fsr-3816	7	13	they	they	PRON
fsr-3816	7	14	are	be	AUX
fsr-3816	7	15	higher	high	ADJ
fsr-3816	7	16	than	than	ADP
fsr-3816	7	17	corporate	corporate	ADJ
fsr-3816	7	18	bankruptcy	bankruptcy	NOUN
fsr-3816	7	19	costs	cost	NOUN
fsr-3816	7	20	.	.	PUNCT
fsr-3816	8	1	there	there	PRON
fsr-3816	8	2	is	be	VERB
fsr-3816	8	3	also	also	ADV
fsr-3816	8	4	some	some	DET
fsr-3816	8	5	evidence	evidence	NOUN
fsr-3816	8	6	of	of	ADP
fsr-3816	8	7	economics	economic	NOUN
fsr-3816	8	8	of	of	ADP
fsr-3816	8	9	scale	scale	NOUN
fsr-3816	8	10	in	in	ADP
fsr-3816	8	11	personal	personal	ADJ
fsr-3816	8	12	bankruptcy	bankruptcy	NOUN
fsr-3816	8	13	costs	cost	NOUN
fsr-3816	8	14	.	.	PUNCT
fsr-3816	9	1	corporate	corporate	ADJ
fsr-3816	9	2	bankruptcy	bankruptcy	NOUN
fsr-3816	9	3	costs	cost	NOUN
fsr-3816	9	4	have	have	AUX
fsr-3816	9	5	been	be	AUX
fsr-3816	9	6	the	the	DET
fsr-3816	9	7	subject	subject	NOUN
fsr-3816	9	8	of	of	ADP
fsr-3816	9	9	considerable	considerable	ADJ
fsr-3816	9	10	theoretical	theoretical	ADJ
fsr-3816	9	11	discussion	discussion	NOUN
fsr-3816	9	12	(	(	PUNCT
fsr-3816	9	13	e.g.	e.g.	ADV
fsr-3816	9	14	,	,	PUNCT
fsr-3816	9	15	see	see	VERB
fsr-3816	9	16	diamond	diamond	NOUN
fsr-3816	9	17	,	,	PUNCT
fsr-3816	9	18	1994	1994	NUM
fsr-3816	9	19	;	;	PUNCT
fsr-3816	9	20	harris	harris	PROPN
fsr-3816	9	21	&	&	CCONJ
fsr-3816	9	22	raviv	raviv	PROPN
fsr-3816	9	23	,	,	PUNCT
fsr-3816	9	24	1991	1991	NUM
fsr-3816	9	25	;	;	PUNCT
fsr-3816	9	26	haugen	haugen	PROPN
fsr-3816	9	27	,	,	PUNCT
fsr-3816	9	28	&	&	CCONJ
fsr-3816	9	29	senbet	senbet	PROPN
fsr-3816	9	30	,	,	PUNCT
fsr-3816	9	31	1978	1978	NUM
fsr-3816	9	32	;	;	PUNCT
fsr-3816	9	33	kraus	kraus	PROPN
fsr-3816	9	34	&	&	CCONJ
fsr-3816	9	35	litzen	litzen	PROPN
fsr-3816	9	36	berger	berger	PROPN
fsr-3816	9	37	,	,	PUNCT
fsr-3816	9	38	1973	1973	NUM
fsr-3816	9	39	;	;	PUNCT
fsr-3816	9	40	morris	morris	PROPN
fsr-3816	9	41	,	,	PUNCT
fsr-3816	9	42	1982	1982	NUM
fsr-3816	9	43	;	;	PUNCT
fsr-3816	9	44	scott	scott	PROPN
fsr-3816	9	45	,	,	PUNCT
fsr-3816	9	46	1976	1976	NUM
fsr-3816	9	47	;	;	PUNCT
fsr-3816	9	48	white	white	ADJ
fsr-3816	9	49	,	,	PUNCT
fsr-3816	9	50	1989	1989	NUM
fsr-3816	9	51	)	)	PUNCT
fsr-3816	9	52	)	)	PUNCT
fsr-3816	10	1	and	and	CCONJ
fsr-3816	10	2	some	some	DET
fsr-3816	10	3	empirical	empirical	ADJ
fsr-3816	10	4	measurement	measurement	NOUN
fsr-3816	10	5	(	(	PUNCT
fsr-3816	10	6	e.g.	e.g.	ADV
fsr-3816	10	7	,	,	PUNCT
fsr-3816	10	8	see	see	VERB
fsr-3816	10	9	altman	altman	PROPN
fsr-3816	10	10	,	,	PUNCT
fsr-3816	10	11	1984	1984	NUM
fsr-3816	10	12	;	;	PUNCT
fsr-3816	10	13	ang	ang	PROPN
fsr-3816	10	14	,	,	PUNCT
fsr-3816	10	15	chua	chua	PROPN
fsr-3816	10	16	,	,	PUNCT
fsr-3816	10	17	&	&	CCONJ
fsr-3816	10	18	mcconnell	mcconnell	PROPN
fsr-3816	10	19	,	,	PUNCT
fsr-3816	10	20	1982	1982	NUM
fsr-3816	10	21	;	;	PUNCT
fsr-3816	10	22	deis	deis	NOUN
fsr-3816	10	23	,	,	PUNCT
fsr-3816	10	24	guffey	guffey	PROPN
fsr-3816	10	25	,	,	PUNCT
fsr-3816	10	26	&	&	CCONJ
fsr-3816	10	27	moore	moore	PROPN
fsr-3816	10	28	,	,	PUNCT
fsr-3816	10	29	1995	1995	NUM
fsr-3816	10	30	;	;	PUNCT
fsr-3816	10	31	franks	frank	NOUN
fsr-3816	10	32	&	&	CCONJ
fsr-3816	10	33	torous	torous	ADJ
fsr-3816	10	34	,	,	PUNCT
fsr-3816	10	35	1989	1989	NUM
fsr-3816	10	36	;	;	PUNCT
fsr-3816	10	37	guffey	guffey	PROPN
fsr-3816	10	38	&	&	CCONJ
fsr-3816	10	39	moore	moore	PROPN
fsr-3816	10	40	,	,	PUNCT
fsr-3816	10	41	1991	1991	NUM
fsr-3816	10	42	;	;	PUNCT
fsr-3816	10	43	kalaba	kalaba	PROPN
fsr-3816	10	44	,	,	PUNCT
fsr-3816	10	45	1984	1984	NUM
fsr-3816	10	46	;	;	PUNCT
fsr-3816	10	47	warner	warner	PROPN
fsr-3816	10	48	,	,	PUNCT
fsr-3816	10	49	1984	1984	NUM
fsr-3816	10	50	;	;	PUNCT
fsr-3816	10	51	white	white	ADJ
fsr-3816	10	52	,	,	PUNCT
fsr-3816	10	53	1993	1993	NUM
fsr-3816	10	54	)	)	PUNCT
fsr-3816	10	55	.	.	PUNCT
fsr-3816	11	1	however	however	ADV
fsr-3816	11	2	,	,	PUNCT
fsr-3816	11	3	the	the	DET
fsr-3816	11	4	literature	literature	NOUN
fsr-3816	11	5	has	have	AUX
fsr-3816	11	6	paid	pay	VERB
fsr-3816	11	7	only	only	ADV
fsr-3816	11	8	scant	scant	ADJ
fsr-3816	11	9	attention	attention	NOUN
fsr-3816	11	10	to	to	ADP
fsr-3816	11	11	personal	personal	ADJ
fsr-3816	11	12	bankruptcies	bankruptcy	NOUN
fsr-3816	11	13	in	in	ADP
fsr-3816	11	14	general	general	ADJ
fsr-3816	11	15	and	and	CCONJ
fsr-3816	11	16	personal	personal	ADJ
fsr-3816	11	17	bankruptcy	bankruptcy	NOUN
fsr-3816	11	18	costs	cost	NOUN
fsr-3816	11	19	in	in	ADP
fsr-3816	11	20	particular	particular	ADJ
fsr-3816	11	21	.	.	PUNCT
fsr-3816	12	1	credit	credit	NOUN
fsr-3816	12	2	research	research	NOUN
fsr-3816	12	3	center	center	NOUN
fsr-3816	12	4	’s	’s	PART
fsr-3816	12	5	consumer	consumer	NOUN
fsr-3816	12	6	bankruptcy	bankruptcy	NOUN
fsr-3816	12	7	study	study	NOUN
fsr-3816	12	8	(	(	PUNCT
fsr-3816	12	9	1982	1982	NUM
fsr-3816	12	10	)	)	PUNCT
fsr-3816	12	11	,	,	PUNCT
fsr-3816	12	12	durkin	durkin	NOUN
fsr-3816	12	13	and	and	CCONJ
fsr-3816	12	14	elliehausen	elliehausen	NOUN
fsr-3816	12	15	(	(	PUNCT
fsr-3816	12	16	1978	1978	NUM
fsr-3816	12	17	)	)	PUNCT
fsr-3816	12	18	and	and	CCONJ
fsr-3816	12	19	stanley	stanley	NOUN
fsr-3816	12	20	and	and	CCONJ
fsr-3816	12	21	girth	girth	NOUN
fsr-3816	12	22	(	(	PUNCT
fsr-3816	12	23	197	197	NUM
fsr-3816	12	24	1	1	NUM
fsr-3816	12	25	)	)	PUNCT
fsr-3816	12	26	are	be	AUX
fsr-3816	12	27	examples	example	NOUN
fsr-3816	12	28	of	of	ADP
fsr-3816	12	29	earlier	early	ADJ
fsr-3816	12	30	studies	study	NOUN
fsr-3816	12	31	which	which	PRON
fsr-3816	12	32	have	have	AUX
fsr-3816	12	33	dealt	deal	VERB
fsr-3816	12	34	with	with	ADP
fsr-3816	12	35	personal	personal	ADJ
fsr-3816	12	36	bankruptcies	bankruptcy	NOUN
fsr-3816	12	37	.	.	PUNCT
fsr-3816	13	1	the	the	DET
fsr-3816	13	2	more	more	ADV
fsr-3816	13	3	recent	recent	ADJ
fsr-3816	13	4	works	work	NOUN
fsr-3816	13	5	include	include	VERB
fsr-3816	13	6	those	those	PRON
fsr-3816	13	7	of	of	ADP
fsr-3816	13	8	bhandari	bhandari	NOUN
fsr-3816	13	9	and	and	CCONJ
fsr-3816	13	10	hein	hein	PROPN
fsr-3816	13	11	(	(	PUNCT
fsr-3816	13	12	1993	1993	NUM
fsr-3816	13	13	)	)	PUNCT
fsr-3816	13	14	,	,	PUNCT
fsr-3816	13	15	buckley	buckley	NOUN
fsr-3816	13	16	and	and	CCONJ
fsr-3816	13	17	brinig	brinig	PROPN
fsr-3816	13	18	(	(	PUNCT
fsr-3816	13	19	1995	1995	NUM
fsr-3816	13	20	)	)	PUNCT
fsr-3816	13	21	,	,	PUNCT
fsr-3816	13	22	rooney	rooney	NOUN
fsr-3816	13	23	(	(	PUNCT
fsr-3816	13	24	1996	1996	NUM
fsr-3816	13	25	)	)	PUNCT
fsr-3816	13	26	,	,	PUNCT
fsr-3816	13	27	simmons	simmon	NOUN
fsr-3816	13	28	(	(	PUNCT
fsr-3816	13	29	1989	1989	NUM
fsr-3816	13	30	)	)	PUNCT
fsr-3816	13	31	,	,	PUNCT
fsr-3816	13	32	sofianos	sofiano	NOUN
fsr-3816	13	33	(	(	PUNCT
fsr-3816	13	34	1985	1985	NUM
fsr-3816	13	35	)	)	PUNCT
fsr-3816	13	36	and	and	CCONJ
fsr-3816	13	37	sullivan	sullivan	PROPN
fsr-3816	13	38	,	,	PUNCT
fsr-3816	13	39	warren	warren	PROPN
fsr-3816	13	40	,	,	PUNCT
fsr-3816	13	41	and	and	CCONJ
fsr-3816	13	42	westerbrook	westerbrook	NOUN
fsr-3816	13	43	(	(	PUNCT
fsr-3816	13	44	1994	1994	NUM
fsr-3816	13	45	)	)	PUNCT
fsr-3816	13	46	.	.	PUNCT
fsr-3816	14	1	most	most	ADJ
fsr-3816	14	2	of	of	ADP
fsr-3816	14	3	those	those	PRON
fsr-3816	14	4	,	,	PUNCT
fsr-3816	14	5	however	however	ADV
fsr-3816	14	6	,	,	PUNCT
fsr-3816	14	7	have	have	AUX
fsr-3816	14	8	dealt	deal	VERB
fsr-3816	14	9	with	with	ADP
fsr-3816	14	10	questions	question	NOUN
fsr-3816	14	11	pertaining	pertain	VERB
fsr-3816	14	12	to	to	ADP
fsr-3816	14	13	the	the	DET
fsr-3816	14	14	u.s	u.s	PROPN
fsr-3816	14	15	.	.	PROPN
fsr-3816	14	16	bankruptcy	bankruptcy	PROPN
fsr-3816	14	17	code	code	PROPN
fsr-3816	14	18	and	and	CCONJ
fsr-3816	14	19	its	its	PRON
fsr-3816	14	20	fallouts	fallout	NOUN
fsr-3816	14	21	.	.	PUNCT
fsr-3816	15	1	personal	personal	ADJ
fsr-3816	15	2	bankruptcy	bankruptcy	NOUN
fsr-3816	15	3	costs	cost	NOUN
fsr-3816	15	4	have	have	AUX
fsr-3816	15	5	been	be	AUX
fsr-3816	15	6	dealt	deal	VERB
fsr-3816	15	7	with	with	ADP
fsr-3816	15	8	only	only	ADV
fsr-3816	15	9	on	on	ADP
fsr-3816	15	10	a	a	DET
fsr-3816	15	11	limited	limited	ADJ
fsr-3816	15	12	basis	basis	NOUN
fsr-3816	15	13	despite	despite	SCONJ
fsr-3816	15	14	the	the	DET
fsr-3816	15	15	fact	fact	NOUN
fsr-3816	15	16	that	that	SCONJ
fsr-3816	15	17	they	they	PRON
fsr-3816	15	18	are	be	AUX
fsr-3816	15	19	important	important	ADJ
fsr-3816	15	20	to	to	ADP
fsr-3816	15	21	all	all	DET
fsr-3816	15	22	major	major	ADJ
fsr-3816	15	23	areas	area	NOUN
fsr-3816	15	24	of	of	ADP
fsr-3816	15	25	finance	finance	NOUN
fsr-3816	15	26	.	.	PUNCT
fsr-3816	16	1	more	more	ADV
fsr-3816	16	2	specifically	specifically	ADV
fsr-3816	16	3	:	:	PUNCT
fsr-3816	17	1	james	james	PROPN
fsr-3816	17	2	s.	s.	PROPN
fsr-3816	17	3	ang	ang	PROPN
fsr-3816	17	4	l	l	PROPN
fsr-3816	17	5	florida	florida	PROPN
fsr-3816	17	6	state	state	PROPN
fsr-3816	17	7	university	university	PROPN
fsr-3816	17	8	,	,	PUNCT
fsr-3816	17	9	tallahassee	tallahassee	PROPN
fsr-3816	17	10	,	,	PUNCT
fsr-3816	17	11	fl	fl	PROPN
fsr-3816	17	12	32306	32306	NUM
fsr-3816	17	13	.	.	PUNCT
fsr-3816	18	1	ali	ali	PROPN
fsr-3816	18	2	m.	m.	PROPN
fsr-3816	18	3	fatemi	fatemi	PROPN
fsr-3816	18	4	l	l	PROPN
fsr-3816	18	5	kansas	kansas	PROPN
fsr-3816	18	6	state	state	PROPN
fsr-3816	18	7	university	university	PROPN
fsr-3816	18	8	,	,	PUNCT
fsr-3816	18	9	manhattan	manhattan	PROPN
fsr-3816	18	10	,	,	PUNCT
fsr-3816	18	11	ks	ks	PROPN
fsr-3816	18	12	66506	66506	NUM
fsr-3816	18	13	.	.	PUNCT
fsr-3816	19	1	78	78	NUM
fsr-3816	19	2	financial	financial	ADJ
fsr-3816	19	3	services	service	NOUN
fsr-3816	19	4	review	review	VERB
fsr-3816	19	5	6(2	6(2	NUM
fsr-3816	19	6	)	)	PUNCT
fsr-3816	19	7	1997	1997	NUM
fsr-3816	19	8	1	1	NUM
fsr-3816	19	9	.	.	PUNCT
fsr-3816	20	1	personal	personal	ADJ
fsr-3816	20	2	bankruptcy	bankruptcy	NOUN
fsr-3816	20	3	costs	cost	NOUN
fsr-3816	20	4	,	,	PUNCT
fsr-3816	20	5	or	or	CCONJ
fsr-3816	20	6	more	more	ADV
fsr-3816	20	7	precisely	precisely	ADV
fsr-3816	20	8	,	,	PUNCT
fsr-3816	20	9	their	their	PRON
fsr-3816	20	10	expected	expect	VERB
fsr-3816	20	11	value	value	NOUN
fsr-3816	20	12	,	,	PUNCT
fsr-3816	20	13	affect	affect	VERB
fsr-3816	20	14	the	the	DET
fsr-3816	20	15	pricing	pricing	NOUN
fsr-3816	20	16	of	of	ADP
fsr-3816	20	17	personal	personal	ADJ
fsr-3816	20	18	loans	loan	NOUN
fsr-3816	20	19	.	.	PUNCT
fsr-3816	21	1	the	the	DET
fsr-3816	21	2	lenders	lender	NOUN
fsr-3816	21	3	,	,	PUNCT
fsr-3816	21	4	realizing	realize	VERB
fsr-3816	21	5	that	that	SCONJ
fsr-3816	21	6	upon	upon	SCONJ
fsr-3816	21	7	bankruptcy	bankruptcy	NOUN
fsr-3816	21	8	they	they	PRON
fsr-3816	21	9	would	would	AUX
fsr-3816	21	10	have	have	VERB
fsr-3816	21	11	to	to	PART
fsr-3816	21	12	share	share	VERB
fsr-3816	21	13	the	the	DET
fsr-3816	21	14	borrowers	borrower	NOUN
fsr-3816	21	15	’	’	PART
fsr-3816	21	16	assets	asset	NOUN
fsr-3816	21	17	with	with	ADP
fsr-3816	21	18	third	third	ADJ
fsr-3816	21	19	parties	party	NOUN
fsr-3816	21	20	for	for	ADP
fsr-3816	21	21	the	the	DET
fsr-3816	21	22	deadweight	deadweight	NOUN
fsr-3816	21	23	costs	cost	NOUN
fsr-3816	21	24	involved	involve	VERB
fsr-3816	21	25	,	,	PUNCT
fsr-3816	21	26	will	will	AUX
fsr-3816	21	27	impose	impose	VERB
fsr-3816	21	28	these	these	DET
fsr-3816	21	29	expected	expect	VERB
fsr-3816	21	30	costs	cost	NOUN
fsr-3816	21	31	(	(	PUNCT
fsr-3816	21	32	ex	ex	NOUN
fsr-3816	21	33	-	-	NOUN
fsr-3816	21	34	ante	ante	NOUN
fsr-3816	21	35	)	)	PUNCT
fsr-3816	21	36	on	on	ADP
fsr-3816	21	37	the	the	DET
fsr-3816	21	38	borrower	borrower	NOUN
fsr-3816	21	39	.	.	PUNCT
fsr-3816	22	1	an	an	DET
fsr-3816	22	2	assessment	assessment	NOUN
fsr-3816	22	3	of	of	ADP
fsr-3816	22	4	the	the	DET
fsr-3816	22	5	magnitude	magnitude	NOUN
fsr-3816	22	6	of	of	ADP
fsr-3816	22	7	personal	personal	ADJ
fsr-3816	22	8	bankruptcy	bankruptcy	NOUN
fsr-3816	22	9	costs	cost	NOUN
fsr-3816	22	10	is	be	AUX
fsr-3816	22	11	,	,	PUNCT
fsr-3816	22	12	thus	thus	ADV
fsr-3816	22	13	,	,	PUNCT
fsr-3816	22	14	important	important	ADJ
fsr-3816	22	15	in	in	ADP
fsr-3816	22	16	delineating	delineate	VERB
fsr-3816	22	17	these	these	DET
fsr-3816	22	18	expected	expect	VERB
fsr-3816	22	19	costs	cost	NOUN
fsr-3816	22	20	.	.	PUNCT
fsr-3816	23	1	furthermore	furthermore	ADV
fsr-3816	23	2	,	,	PUNCT
fsr-3816	23	3	the	the	DET
fsr-3816	23	4	presence	presence	NOUN
fsr-3816	23	5	of	of	ADP
fsr-3816	23	6	economies	economy	NOUN
fsr-3816	23	7	of	of	ADP
fsr-3816	23	8	scale	scale	NOUN
fsr-3816	23	9	in	in	ADP
fsr-3816	23	10	personal	personal	ADJ
fsr-3816	23	11	bankruptcy	bankruptcy	NOUN
fsr-3816	23	12	costs	cost	NOUN
fsr-3816	23	13	can	can	AUX
fsr-3816	23	14	partly	partly	ADV
fsr-3816	23	15	explain	explain	VERB
fsr-3816	23	16	why	why	SCONJ
fsr-3816	23	17	larger	large	ADJ
fsr-3816	23	18	borrowers	borrower	NOUN
fsr-3816	23	19	can	can	AUX
fsr-3816	23	20	obtain	obtain	VERB
fsr-3816	23	21	loans	loan	NOUN
fsr-3816	23	22	at	at	ADP
fsr-3816	23	23	lower	low	ADJ
fsr-3816	23	24	rates	rate	NOUN
fsr-3816	23	25	than	than	SCONJ
fsr-3816	23	26	smaller	small	ADJ
fsr-3816	23	27	borrowers	borrower	NOUN
fsr-3816	23	28	can	can	AUX
fsr-3816	23	29	.	.	PUNCT
fsr-3816	24	1	indeed	indeed	ADV
fsr-3816	24	2	,	,	PUNCT
fsr-3816	24	3	in	in	ADP
fsr-3816	24	4	the	the	DET
fsr-3816	24	5	absence	absence	NOUN
fsr-3816	24	6	of	of	ADP
fsr-3816	24	7	other	other	ADJ
fsr-3816	24	8	differentials	differential	NOUN
fsr-3816	24	9	,	,	PUNCT
fsr-3816	24	10	such	such	ADJ
fsr-3816	24	11	as	as	ADP
fsr-3816	24	12	lower	low	ADJ
fsr-3816	24	13	investigation	investigation	NOUN
fsr-3816	24	14	,	,	PUNCT
fsr-3816	24	15	securing	secure	VERB
fsr-3816	24	16	and	and	CCONJ
fsr-3816	24	17	monitoring	monitoring	NOUN
fsr-3816	24	18	costs	cost	NOUN
fsr-3816	24	19	or	or	CCONJ
fsr-3816	24	20	lower	low	ADJ
fsr-3816	24	21	risk	risk	NOUN
fsr-3816	24	22	of	of	ADP
fsr-3816	24	23	default	default	NOUN
fsr-3816	24	24	,	,	PUNCT
fsr-3816	24	25	economies	economy	NOUN
fsr-3816	24	26	of	of	ADP
fsr-3816	24	27	scale	scale	NOUN
fsr-3816	24	28	in	in	ADP
fsr-3816	24	29	bankruptcy	bankruptcy	NOUN
fsr-3816	24	30	costs	cost	NOUN
fsr-3816	24	31	would	would	AUX
fsr-3816	24	32	be	be	AUX
fsr-3816	24	33	the	the	DET
fsr-3816	24	34	only	only	ADJ
fsr-3816	24	35	justification	justification	NOUN
fsr-3816	24	36	for	for	ADP
fsr-3816	24	37	such	such	ADJ
fsr-3816	24	38	phenomenon	phenomenon	NOUN
fsr-3816	24	39	.	.	PUNCT
fsr-3816	25	1	2	2	X
fsr-3816	25	2	.	.	X
fsr-3816	25	3	insofar	insofar	ADV
fsr-3816	25	4	as	as	SCONJ
fsr-3816	25	5	personal	personal	ADJ
fsr-3816	25	6	investment	investment	NOUN
fsr-3816	25	7	behavior	behavior	NOUN
fsr-3816	25	8	is	be	AUX
fsr-3816	25	9	concerned	concern	VERB
fsr-3816	25	10	,	,	PUNCT
fsr-3816	25	11	the	the	DET
fsr-3816	25	12	magnitude	magnitude	NOUN
fsr-3816	25	13	of	of	ADP
fsr-3816	25	14	personal	personal	ADJ
fsr-3816	25	15	bankruptcy	bankruptcy	NOUN
fsr-3816	25	16	costs	cost	NOUN
fsr-3816	25	17	relative	relative	ADJ
fsr-3816	25	18	to	to	ADP
fsr-3816	25	19	corporate	corporate	ADJ
fsr-3816	25	20	bankruptcy	bankruptcy	NOUN
fsr-3816	25	21	costs	cost	NOUN
fsr-3816	25	22	is	be	AUX
fsr-3816	25	23	an	an	DET
fsr-3816	25	24	important	important	ADJ
fsr-3816	25	25	factor	factor	NOUN
fsr-3816	25	26	in	in	ADP
fsr-3816	25	27	deciding	decide	VERB
fsr-3816	25	28	whether	whether	SCONJ
fsr-3816	25	29	to	to	PART
fsr-3816	25	30	invest	invest	VERB
fsr-3816	25	31	in	in	ADP
fsr-3816	25	32	levered	lever	VERB
fsr-3816	25	33	firms	firm	NOUN
fsr-3816	25	34	or	or	CCONJ
fsr-3816	25	35	to	to	ADP
fsr-3816	25	36	lever	lever	NOUN
fsr-3816	25	37	-	-	PUNCT
fsr-3816	25	38	up	up	ADP
fsr-3816	25	39	the	the	DET
fsr-3816	25	40	holdings	holding	NOUN
fsr-3816	25	41	of	of	ADP
fsr-3816	25	42	unlevered	unlevered	ADJ
fsr-3816	25	43	firms	firm	NOUN
fsr-3816	25	44	’	'	PUNCT
fsr-3816	25	45	securities	security	NOUN
fsr-3816	25	46	.	.	PUNCT
fsr-3816	26	1	in	in	ADP
fsr-3816	26	2	the	the	DET
fsr-3816	26	3	absence	absence	NOUN
fsr-3816	26	4	of	of	ADP
fsr-3816	26	5	tax	tax	NOUN
fsr-3816	26	6	effects	effect	NOUN
fsr-3816	26	7	,	,	PUNCT
fsr-3816	26	8	the	the	DET
fsr-3816	26	9	margin	margin	NOUN
fsr-3816	26	10	of	of	ADP
fsr-3816	26	11	choice	choice	NOUN
fsr-3816	26	12	is	be	AUX
fsr-3816	26	13	between	between	ADP
fsr-3816	26	14	personal	personal	ADJ
fsr-3816	26	15	and	and	CCONJ
fsr-3816	26	16	corporate	corporate	ADJ
fsr-3816	26	17	bankruptcy	bankruptcy	NOUN
fsr-3816	26	18	costs	cost	NOUN
fsr-3816	26	19	.	.	PUNCT
fsr-3816	27	1	with	with	ADP
fsr-3816	27	2	differential	differential	ADJ
fsr-3816	27	3	taxation	taxation	NOUN
fsr-3816	27	4	,	,	PUNCT
fsr-3816	27	5	a	a	DET
fsr-3816	27	6	clientele	clientele	NOUN
fsr-3816	27	7	model	model	NOUN
fsr-3816	27	8	may	may	AUX
fsr-3816	27	9	emerge	emerge	VERB
fsr-3816	27	10	that	that	PRON
fsr-3816	27	11	is	be	AUX
fsr-3816	27	12	dependent	dependent	ADJ
fsr-3816	27	13	both	both	CCONJ
fsr-3816	27	14	on	on	ADP
fsr-3816	27	15	the	the	DET
fsr-3816	27	16	individual	individual	NOUN
fsr-3816	27	17	’s	’s	PART
fsr-3816	27	18	tax	tax	NOUN
fsr-3816	27	19	bracket	bracket	NOUN
fsr-3816	27	20	and	and	CCONJ
fsr-3816	27	21	on	on	ADP
fsr-3816	27	22	relative	relative	ADJ
fsr-3816	27	23	bankruptcy	bankruptcy	NOUN
fsr-3816	27	24	costs	cost	NOUN
fsr-3816	27	25	.	.	PUNCT
fsr-3816	28	1	furthermore	furthermore	ADV
fsr-3816	28	2	,	,	PUNCT
fsr-3816	28	3	the	the	DET
fsr-3816	28	4	existence	existence	NOUN
fsr-3816	28	5	of	of	ADP
fsr-3816	28	6	such	such	DET
fsr-3816	28	7	a	a	DET
fsr-3816	28	8	clientele	clientele	NOUN
fsr-3816	28	9	together	together	ADV
fsr-3816	28	10	with	with	ADP
fsr-3816	28	11	the	the	DET
fsr-3816	28	12	presence	presence	NOUN
fsr-3816	28	13	of	of	ADP
fsr-3816	28	14	economies	economy	NOUN
fsr-3816	28	15	of	of	ADP
fsr-3816	28	16	scale	scale	NOUN
fsr-3816	28	17	in	in	ADP
fsr-3816	28	18	bankruptcy	bankruptcy	NOUN
fsr-3816	28	19	costs	cost	NOUN
fsr-3816	28	20	may	may	AUX
fsr-3816	28	21	lead	lead	VERB
fsr-3816	28	22	to	to	ADP
fsr-3816	28	23	institutional	institutional	ADJ
fsr-3816	28	24	arrangements	arrangement	NOUN
fsr-3816	28	25	that	that	PRON
fsr-3816	28	26	are	be	AUX
fsr-3816	28	27	aimed	aim	VERB
fsr-3816	28	28	at	at	ADP
fsr-3816	28	29	minimizing	minimize	VERB
fsr-3816	28	30	combined	combine	VERB
fsr-3816	28	31	(	(	PUNCT
fsr-3816	28	32	business	business	NOUN
fsr-3816	28	33	plus	plus	CCONJ
fsr-3816	28	34	personal	personal	ADJ
fsr-3816	28	35	)	)	PUNCT
fsr-3816	28	36	bankruptcy	bankruptcy	NOUN
fsr-3816	28	37	costs	cost	NOUN
fsr-3816	28	38	.	.	PUNCT
fsr-3816	29	1	3	3	X
fsr-3816	29	2	.	.	X
fsr-3816	29	3	personal	personal	ADJ
fsr-3816	29	4	bankruptcy	bankruptcy	NOUN
fsr-3816	29	5	costs	cost	NOUN
fsr-3816	29	6	are	be	AUX
fsr-3816	29	7	relevant	relevant	ADJ
fsr-3816	29	8	to	to	ADP
fsr-3816	29	9	the	the	DET
fsr-3816	29	10	theory	theory	NOUN
fsr-3816	29	11	of	of	ADP
fsr-3816	29	12	the	the	DET
fsr-3816	29	13	capital	capital	NOUN
fsr-3816	29	14	structure	structure	NOUN
fsr-3816	29	15	of	of	ADP
fsr-3816	29	16	the	the	DET
fsr-3816	29	17	firm	firm	NOUN
fsr-3816	29	18	in	in	ADP
fsr-3816	29	19	much	much	ADV
fsr-3816	29	20	the	the	DET
fsr-3816	29	21	same	same	ADJ
fsr-3816	29	22	way	way	NOUN
fsr-3816	29	23	as	as	SCONJ
fsr-3816	29	24	personal	personal	ADJ
fsr-3816	29	25	taxes	taxis	NOUN
fsr-3816	29	26	are	be	AUX
fsr-3816	29	27	.	.	PUNCT
fsr-3816	30	1	indeed	indeed	ADV
fsr-3816	30	2	,	,	PUNCT
fsr-3816	30	3	the	the	DET
fsr-3816	30	4	interactions	interaction	NOUN
fsr-3816	30	5	of	of	ADP
fsr-3816	30	6	personal	personal	ADJ
fsr-3816	30	7	vs.	vs.	X
fsr-3816	30	8	corporate	corporate	ADJ
fsr-3816	30	9	bankruptcy	bankruptcy	NOUN
fsr-3816	30	10	costs	cost	NOUN
fsr-3816	30	11	and	and	CCONJ
fsr-3816	30	12	personal	personal	ADJ
fsr-3816	30	13	vs.	vs.	X
fsr-3816	30	14	corporate	corporate	ADJ
fsr-3816	30	15	taxes	taxis	NOUN
fsr-3816	30	16	may	may	AUX
fsr-3816	30	17	determine	determine	VERB
fsr-3816	30	18	the	the	DET
fsr-3816	30	19	capital	capital	NOUN
fsr-3816	30	20	structure	structure	NOUN
fsr-3816	30	21	of	of	ADP
fsr-3816	30	22	the	the	DET
fsr-3816	30	23	corporate	corporate	ADJ
fsr-3816	30	24	sector	sector	NOUN
fsr-3816	30	25	as	as	ADV
fsr-3816	30	26	well	well	ADV
fsr-3816	30	27	as	as	ADP
fsr-3816	30	28	that	that	PRON
fsr-3816	30	29	of	of	ADP
fsr-3816	30	30	an	an	DET
fsr-3816	30	31	indi	indi	PROPN
fsr-3816	30	32	vidual	vidual	ADJ
fsr-3816	30	33	firm	firm	NOUN
fsr-3816	30	34	.	.	PUNCT
fsr-3816	31	1	this	this	DET
fsr-3816	31	2	study	study	NOUN
fsr-3816	31	3	is	be	AUX
fsr-3816	31	4	a	a	DET
fsr-3816	31	5	first	first	ADJ
fsr-3816	31	6	step	step	NOUN
fsr-3816	31	7	in	in	ADP
fsr-3816	31	8	addressing	address	VERB
fsr-3816	31	9	the	the	DET
fsr-3816	31	10	question	question	NOUN
fsr-3816	31	11	of	of	ADP
fsr-3816	31	12	personal	personal	ADJ
fsr-3816	31	13	bankruptcy	bankruptcy	NOUN
fsr-3816	31	14	costs	cost	NOUN
fsr-3816	31	15	.	.	PUNCT
fsr-3816	32	1	sec	sec	PROPN
fsr-3816	32	2	tion	tion	NOUN
fsr-3816	32	3	i	i	PRON
fsr-3816	32	4	discusses	discuss	VERB
fsr-3816	32	5	the	the	DET
fsr-3816	32	6	relevance	relevance	NOUN
fsr-3816	32	7	of	of	ADP
fsr-3816	32	8	personal	personal	ADJ
fsr-3816	32	9	bankruptcy	bankruptcy	NOUN
fsr-3816	32	10	costs	cost	NOUN
fsr-3816	32	11	and	and	CCONJ
fsr-3816	32	12	develops	develop	VERB
fsr-3816	32	13	a	a	DET
fsr-3816	32	14	clientele	clientele	NOUN
fsr-3816	32	15	model	model	NOUN
fsr-3816	32	16	of	of	ADP
fsr-3816	32	17	individual	individual	ADJ
fsr-3816	32	18	investment	investment	NOUN
fsr-3816	32	19	-	-	PUNCT
fsr-3816	32	20	borrowing	borrowing	NOUN
fsr-3816	32	21	decisions	decision	NOUN
fsr-3816	32	22	.	.	PUNCT
fsr-3816	33	1	section	section	NOUN
fsr-3816	33	2	ii	ii	PROPN
fsr-3816	33	3	presents	present	VERB
fsr-3816	33	4	some	some	DET
fsr-3816	33	5	insights	insight	NOUN
fsr-3816	33	6	on	on	ADP
fsr-3816	33	7	a	a	DET
fsr-3816	33	8	the	the	DET
fsr-3816	33	9	ory	ory	NOUN
fsr-3816	33	10	of	of	ADP
fsr-3816	33	11	personal	personal	ADJ
fsr-3816	33	12	bankruptcy	bankruptcy	NOUN
fsr-3816	33	13	and	and	CCONJ
fsr-3816	33	14	develops	develop	VERB
fsr-3816	33	15	some	some	DET
fsr-3816	33	16	testable	testable	ADJ
fsr-3816	33	17	hypothesis	hypothesis	NOUN
fsr-3816	33	18	.	.	PUNCT
fsr-3816	34	1	section	section	NOUN
fsr-3816	34	2	iii	iii	PROPN
fsr-3816	34	3	describes	describe	VERB
fsr-3816	34	4	the	the	DET
fsr-3816	34	5	data	datum	NOUN
fsr-3816	34	6	and	and	CCONJ
fsr-3816	34	7	the	the	DET
fsr-3816	34	8	characteristics	characteristic	NOUN
fsr-3816	34	9	of	of	ADP
fsr-3816	34	10	costs	cost	NOUN
fsr-3816	34	11	for	for	ADP
fsr-3816	34	12	a	a	DET
fsr-3816	34	13	sample	sample	NOUN
fsr-3816	34	14	of	of	ADP
fsr-3816	34	15	personal	personal	ADJ
fsr-3816	34	16	bankruptcy	bankruptcy	NOUN
fsr-3816	34	17	filings	filing	NOUN
fsr-3816	34	18	together	together	ADV
fsr-3816	34	19	with	with	ADP
fsr-3816	34	20	an	an	DET
fsr-3816	34	21	empirical	empirical	ADJ
fsr-3816	34	22	analysis	analysis	NOUN
fsr-3816	34	23	of	of	ADP
fsr-3816	34	24	the	the	DET
fsr-3816	34	25	nature	nature	NOUN
fsr-3816	34	26	of	of	ADP
fsr-3816	34	27	bankruptcy	bankruptcy	NOUN
fsr-3816	34	28	costs	cost	NOUN
fsr-3816	34	29	.	.	PUNCT
fsr-3816	35	1	section	section	NOUN
fsr-3816	35	2	iv	iv	NUM
fsr-3816	35	3	summarizes	summarize	NOUN
fsr-3816	35	4	and	and	CCONJ
fsr-3816	35	5	concludes	conclude	VERB
fsr-3816	35	6	the	the	DET
fsr-3816	35	7	paper	paper	NOUN
fsr-3816	35	8	.	.	PUNCT
fsr-3816	36	1	i.	i.	PROPN
fsr-3816	36	2	theoretical	theoretical	ADJ
fsr-3816	36	3	considerations	consideration	NOUN
fsr-3816	36	4	modigliani	modigliani	ADJ
fsr-3816	36	5	and	and	CCONJ
fsr-3816	36	6	miller	miller	PROPN
fsr-3816	36	7	(	(	PUNCT
fsr-3816	36	8	1958	1958	NUM
fsr-3816	36	9	)	)	PUNCT
fsr-3816	36	10	,	,	PUNCT
fsr-3816	36	11	in	in	ADP
fsr-3816	36	12	their	their	PRON
fsr-3816	36	13	pioneering	pioneer	VERB
fsr-3816	36	14	work	work	NOUN
fsr-3816	36	15	on	on	ADP
fsr-3816	36	16	the	the	DET
fsr-3816	36	17	theory	theory	NOUN
fsr-3816	36	18	of	of	ADP
fsr-3816	36	19	capital	capital	NOUN
fsr-3816	36	20	structure	structure	NOUN
fsr-3816	36	21	,	,	PUNCT
fsr-3816	36	22	prove	prove	VERB
fsr-3816	36	23	that	that	SCONJ
fsr-3816	36	24	in	in	ADP
fsr-3816	36	25	perfect	perfect	ADJ
fsr-3816	36	26	and	and	CCONJ
fsr-3816	36	27	complete	complete	ADJ
fsr-3816	36	28	markets	market	NOUN
fsr-3816	36	29	the	the	DET
fsr-3816	36	30	choice	choice	NOUN
fsr-3816	36	31	of	of	ADP
fsr-3816	36	32	the	the	DET
fsr-3816	36	33	capital	capital	NOUN
fsr-3816	36	34	structure	structure	NOUN
fsr-3816	36	35	is	be	AUX
fsr-3816	36	36	inconse	inconse	NOUN
fsr-3816	36	37	quential	quential	NOUN
fsr-3816	36	38	to	to	ADP
fsr-3816	36	39	the	the	DET
fsr-3816	36	40	value	value	NOUN
fsr-3816	36	41	of	of	ADP
fsr-3816	36	42	the	the	DET
fsr-3816	36	43	firm	firm	NOUN
fsr-3816	36	44	.	.	PUNCT
fsr-3816	37	1	the	the	DET
fsr-3816	37	2	proof	proof	NOUN
fsr-3816	37	3	rests	rest	VERB
fsr-3816	37	4	on	on	ADP
fsr-3816	37	5	the	the	DET
fsr-3816	37	6	argument	argument	NOUN
fsr-3816	37	7	that	that	SCONJ
fsr-3816	37	8	as	as	ADV
fsr-3816	37	9	long	long	ADV
fsr-3816	37	10	as	as	SCONJ
fsr-3816	37	11	investors	investor	NOUN
fsr-3816	37	12	can	can	AUX
fsr-3816	37	13	borrow	borrow	VERB
fsr-3816	37	14	or	or	CCONJ
fsr-3816	37	15	lend	lend	VERB
fsr-3816	37	16	on	on	ADP
fsr-3816	37	17	their	their	PRON
fsr-3816	37	18	own	own	ADJ
fsr-3816	37	19	account	account	NOUN
fsr-3816	37	20	(	(	PUNCT
fsr-3816	37	21	on	on	ADP
fsr-3816	37	22	terms	term	NOUN
fsr-3816	37	23	identical	identical	ADJ
fsr-3816	37	24	to	to	ADP
fsr-3816	37	25	those	those	PRON
fsr-3816	37	26	available	available	ADJ
fsr-3816	37	27	to	to	ADP
fsr-3816	37	28	the	the	DET
fsr-3816	37	29	firm	firm	NOUN
fsr-3816	37	30	)	)	PUNCT
fsr-3816	37	31	,	,	PUNCT
fsr-3816	37	32	they	they	PRON
fsr-3816	37	33	can	can	AUX
fsr-3816	37	34	undo	undo	VERB
fsr-3816	37	35	the	the	DET
fsr-3816	37	36	effect	effect	NOUN
fsr-3816	37	37	of	of	ADP
fsr-3816	37	38	any	any	DET
fsr-3816	37	39	changes	change	NOUN
fsr-3816	37	40	in	in	ADP
fsr-3816	37	41	the	the	DET
fsr-3816	37	42	firm	firm	NOUN
fsr-3816	37	43	’s	’s	PART
fsr-3816	37	44	capital	capital	NOUN
fsr-3816	37	45	structure	structure	NOUN
fsr-3816	37	46	.	.	PUNCT
fsr-3816	38	1	however	however	ADV
fsr-3816	38	2	,	,	PUNCT
fsr-3816	38	3	if	if	SCONJ
fsr-3816	38	4	the	the	DET
fsr-3816	38	5	terms	term	NOUN
fsr-3816	38	6	of	of	ADP
fsr-3816	38	7	borrowing	borrowing	NOUN
fsr-3816	38	8	(	(	PUNCT
fsr-3816	38	9	lending	lending	NOUN
fsr-3816	38	10	)	)	PUNCT
fsr-3816	38	11	differ	differ	VERB
fsr-3816	38	12	,	,	PUNCT
fsr-3816	38	13	the	the	DET
fsr-3816	38	14	financing	financing	NOUN
fsr-3816	38	15	decision	decision	NOUN
fsr-3816	38	16	may	may	AUX
fsr-3816	38	17	no	no	ADV
fsr-3816	38	18	longer	long	ADV
fsr-3816	38	19	be	be	AUX
fsr-3816	38	20	irrelevant	irrelevant	ADJ
fsr-3816	38	21	.	.	PUNCT
fsr-3816	39	1	several	several	ADJ
fsr-3816	39	2	factors	factor	NOUN
fsr-3816	39	3	can	can	AUX
fsr-3816	39	4	cause	cause	VERB
fsr-3816	39	5	the	the	DET
fsr-3816	39	6	terms	term	NOUN
fsr-3816	39	7	to	to	PART
fsr-3816	39	8	differ	differ	VERB
fsr-3816	39	9	across	across	ADP
fsr-3816	39	10	the	the	DET
fsr-3816	39	11	two	two	NUM
fsr-3816	39	12	groups	group	NOUN
fsr-3816	39	13	.	.	PUNCT
fsr-3816	40	1	one	one	NUM
fsr-3816	40	2	such	such	ADJ
fsr-3816	40	3	factor	factor	NOUN
fsr-3816	40	4	is	be	AUX
fsr-3816	40	5	taxes	taxis	NOUN
fsr-3816	40	6	.	.	PUNCT
fsr-3816	41	1	modigliani	modigliani	PROPN
fsr-3816	41	2	and	and	CCONJ
fsr-3816	41	3	miller	miller	PROPN
fsr-3816	41	4	(	(	PUNCT
fsr-3816	41	5	1963	1963	NUM
fsr-3816	41	6	)	)	PUNCT
fsr-3816	41	7	show	show	VERB
fsr-3816	41	8	that	that	SCONJ
fsr-3816	41	9	when	when	SCONJ
fsr-3816	41	10	only	only	ADJ
fsr-3816	41	11	corporate	corporate	ADJ
fsr-3816	41	12	taxes	taxis	NOUN
fsr-3816	41	13	are	be	AUX
fsr-3816	41	14	considered	consider	VERB
fsr-3816	41	15	,	,	PUNCT
fsr-3816	41	16	there	there	ADV
fsr-3816	41	17	personal	personal	ADJ
fsr-3816	41	18	bankruptcy	bankruptcy	NOUN
fsr-3816	41	19	costs	cost	VERB
fsr-3816	41	20	19	19	NUM
fsr-3816	41	21	would	would	AUX
fsr-3816	41	22	be	be	AUX
fsr-3816	41	23	an	an	DET
fsr-3816	41	24	advantage	advantage	NOUN
fsr-3816	41	25	to	to	ADP
fsr-3816	41	26	corporate	corporate	ADJ
fsr-3816	41	27	borrowing	borrowing	NOUN
fsr-3816	41	28	,	,	PUNCT
fsr-3816	41	29	and	and	CCONJ
fsr-3816	41	30	a	a	DET
fsr-3816	41	31	comer	comer	NOUN
fsr-3816	41	32	solution	solution	NOUN
fsr-3816	41	33	of	of	ADP
fsr-3816	41	34	100	100	NUM
fsr-3816	41	35	%	%	NOUN
fsr-3816	41	36	debt	debt	NOUN
fsr-3816	41	37	is	be	AUX
fsr-3816	41	38	obtained	obtain	VERB
fsr-3816	41	39	.	.	PUNCT
fsr-3816	42	1	however	however	ADV
fsr-3816	42	2	,	,	PUNCT
fsr-3816	42	3	once	once	SCONJ
fsr-3816	42	4	personal	personal	ADJ
fsr-3816	42	5	taxes	taxis	NOUN
fsr-3816	42	6	are	be	AUX
fsr-3816	42	7	considered	consider	VERB
fsr-3816	42	8	as	as	ADV
fsr-3816	42	9	well	well	ADV
fsr-3816	42	10	(	(	PUNCT
fsr-3816	42	11	with	with	ADP
fsr-3816	42	12	a	a	DET
fsr-3816	42	13	provision	provision	NOUN
fsr-3816	42	14	for	for	ADP
fsr-3816	42	15	a	a	DET
fsr-3816	42	16	pro	pro	ADJ
fsr-3816	42	17	gressive	gressive	ADJ
fsr-3816	42	18	income	income	NOUN
fsr-3816	42	19	tax	tax	NOUN
fsr-3816	42	20	system	system	NOUN
fsr-3816	42	21	where	where	SCONJ
fsr-3816	42	22	income	income	NOUN
fsr-3816	42	23	from	from	ADP
fsr-3816	42	24	bonds	bond	NOUN
fsr-3816	42	25	is	be	AUX
fsr-3816	42	26	taxed	tax	VERB
fsr-3816	42	27	at	at	ADP
fsr-3816	42	28	a	a	DET
fsr-3816	42	29	higher	high	ADJ
fsr-3816	42	30	rate	rate	NOUN
fsr-3816	42	31	than	than	ADP
fsr-3816	42	32	income	income	NOUN
fsr-3816	42	33	from	from	ADP
fsr-3816	42	34	equity	equity	NOUN
fsr-3816	42	35	)	)	PUNCT
fsr-3816	42	36	,	,	PUNCT
fsr-3816	42	37	miller	miller	PROPN
fsr-3816	42	38	(	(	PUNCT
fsr-3816	42	39	1977	1977	NUM
fsr-3816	42	40	)	)	PUNCT
fsr-3816	42	41	shows	show	VERB
fsr-3816	42	42	that	that	SCONJ
fsr-3816	42	43	equilibrium	equilibrium	NOUN
fsr-3816	42	44	would	would	AUX
fsr-3816	42	45	be	be	AUX
fsr-3816	42	46	achieved	achieve	VERB
fsr-3816	42	47	when	when	SCONJ
fsr-3816	42	48	the	the	DET
fsr-3816	42	49	spendable	spendable	ADJ
fsr-3816	42	50	income	income	NOUN
fsr-3816	42	51	to	to	ADP
fsr-3816	42	52	the	the	DET
fsr-3816	42	53	marginal	marginal	ADJ
fsr-3816	42	54	investor	investor	NOUN
fsr-3816	42	55	is	be	AUX
fsr-3816	42	56	the	the	DET
fsr-3816	42	57	same	same	ADJ
fsr-3816	42	58	whether	whether	SCONJ
fsr-3816	42	59	a	a	DET
fsr-3816	42	60	dollar	dollar	NOUN
fsr-3816	42	61	of	of	ADP
fsr-3816	42	62	pre	pre	ADJ
fsr-3816	42	63	-	-	ADJ
fsr-3816	42	64	tax	tax	ADJ
fsr-3816	42	65	operating	operating	NOUN
fsr-3816	42	66	profits	profit	NOUN
fsr-3816	42	67	is	be	AUX
fsr-3816	42	68	distributed	distribute	VERB
fsr-3816	42	69	in	in	ADP
fsr-3816	42	70	the	the	DET
fsr-3816	42	71	form	form	NOUN
fsr-3816	42	72	of	of	ADP
fsr-3816	42	73	interest	interest	NOUN
fsr-3816	42	74	or	or	CCONJ
fsr-3816	42	75	equity	equity	NOUN
fsr-3816	42	76	income	income	NOUN
fsr-3816	42	77	.	.	PUNCT
fsr-3816	43	1	formally	formally	ADV
fsr-3816	43	2	,	,	PUNCT
fsr-3816	43	3	at	at	ADP
fsr-3816	43	4	the	the	DET
fsr-3816	43	5	margin	margin	NOUN
fsr-3816	43	6	(	(	PUNCT
fsr-3816	43	7	m	m	NOUN
fsr-3816	43	8	):	):	PUNCT
fsr-3816	43	9	(	(	PUNCT
fsr-3816	43	10	1	1	NUM
fsr-3816	43	11	tp	tp	NOUN
fsr-3816	43	12	”	"	PUNCT
fsr-3816	43	13	)	)	PUNCT
fsr-3816	43	14	=	=	PUNCT
fsr-3816	44	1	(	(	PUNCT
fsr-3816	44	2	1	1	NUM
fsr-3816	44	3	fc	fc	NOUN
fsr-3816	44	4	)	)	PUNCT
fsr-3816	44	5	(	(	PUNCT
fsr-3816	44	6	1	1	NUM
fsr-3816	44	7	tg	tg	PROPN
fsr-3816	44	8	”	"	PUNCT
fsr-3816	44	9	>	>	X
fsr-3816	44	10	(	(	PUNCT
fsr-3816	44	11	1	1	X
fsr-3816	44	12	)	)	PUNCT
fsr-3816	44	13	where	where	SCONJ
fsr-3816	44	14	tp	tp	NOUN
fsr-3816	44	15	=	=	PUNCT
fsr-3816	44	16	personal	personal	ADJ
fsr-3816	44	17	income	income	NOUN
fsr-3816	44	18	tax	tax	NOUN
fsr-3816	44	19	on	on	ADP
fsr-3816	44	20	bonds	bond	NOUN
fsr-3816	44	21	;	;	PUNCT
fsr-3816	45	1	tg	tg	PROPN
fsr-3816	45	2	=	=	PUNCT
fsr-3816	45	3	the	the	DET
fsr-3816	45	4	discounted	discount	VERB
fsr-3816	45	5	effective	effective	ADJ
fsr-3816	45	6	capital	capital	NOUN
fsr-3816	45	7	gains	gain	NOUN
fsr-3816	45	8	tax	tax	NOUN
fsr-3816	45	9	;	;	PUNCT
fsr-3816	45	10	tc	tc	NOUN
fsr-3816	45	11	=	=	SYM
fsr-3816	45	12	corporate	corporate	ADJ
fsr-3816	45	13	income	income	NOUN
fsr-3816	45	14	tax	tax	NOUN
fsr-3816	45	15	.	.	PUNCT
fsr-3816	45	16	’	'	PUNCT
fsr-3816	46	1	miller	miller	PROPN
fsr-3816	46	2	,	,	PUNCT
fsr-3816	46	3	then	then	ADV
fsr-3816	46	4	,	,	PUNCT
fsr-3816	46	5	proceeds	proceed	VERB
fsr-3816	46	6	to	to	PART
fsr-3816	46	7	show	show	VERB
fsr-3816	46	8	that	that	SCONJ
fsr-3816	46	9	under	under	ADP
fsr-3816	46	10	such	such	DET
fsr-3816	46	11	an	an	DET
fsr-3816	46	12	equilibrium	equilibrium	NOUN
fsr-3816	46	13	there	there	PRON
fsr-3816	46	14	would	would	AUX
fsr-3816	46	15	exist	exist	VERB
fsr-3816	46	16	an	an	DET
fsr-3816	46	17	optimal	optimal	ADJ
fsr-3816	46	18	capital	capital	NOUN
fsr-3816	46	19	structure	structure	NOUN
fsr-3816	46	20	for	for	ADP
fsr-3816	46	21	the	the	DET
fsr-3816	46	22	corporate	corporate	ADJ
fsr-3816	46	23	sector	sector	NOUN
fsr-3816	46	24	as	as	ADP
fsr-3816	46	25	a	a	DET
fsr-3816	46	26	whole	whole	NOUN
fsr-3816	46	27	but	but	CCONJ
fsr-3816	46	28	none	none	NOUN
fsr-3816	46	29	for	for	ADP
fsr-3816	46	30	individual	individual	ADJ
fsr-3816	46	31	firms	firm	NOUN
fsr-3816	46	32	.	.	PUNCT
fsr-3816	47	1	as	as	SCONJ
fsr-3816	47	2	such	such	ADJ
fsr-3816	47	3	,	,	PUNCT
fsr-3816	47	4	bondholders	bondholder	NOUN
fsr-3816	47	5	in	in	ADP
fsr-3816	47	6	the	the	DET
fsr-3816	47	7	zero	zero	NUM
fsr-3816	47	8	and	and	CCONJ
fsr-3816	47	9	low	low	ADJ
fsr-3816	47	10	income	income	NOUN
fsr-3816	47	11	tax	tax	NOUN
fsr-3816	47	12	brackets	bracket	NOUN
fsr-3816	47	13	are	be	AUX
fsr-3816	47	14	the	the	DET
fsr-3816	47	15	beneficiaries	beneficiary	NOUN
fsr-3816	47	16	of	of	ADP
fsr-3816	47	17	the	the	DET
fsr-3816	47	18	tax	tax	NOUN
fsr-3816	47	19	deductibility	deductibility	NOUN
fsr-3816	47	20	of	of	ADP
fsr-3816	47	21	interest	interest	NOUN
fsr-3816	47	22	payments	payment	NOUN
fsr-3816	47	23	at	at	ADP
fsr-3816	47	24	the	the	DET
fsr-3816	47	25	corporate	corporate	ADJ
fsr-3816	47	26	level	level	NOUN
fsr-3816	47	27	.	.	PUNCT
fsr-3816	48	1	formally	formally	ADV
fsr-3816	48	2	,	,	PUNCT
fsr-3816	48	3	investor	investor	NOUN
fsr-3816	48	4	i	i	PRON
fsr-3816	49	1	whose	whose	DET
fsr-3816	49	2	mar	mar	PROPN
fsr-3816	49	3	ginal	ginal	ADJ
fsr-3816	49	4	income	income	NOUN
fsr-3816	49	5	tax	tax	NOUN
fsr-3816	49	6	bracket	bracket	NOUN
fsr-3816	49	7	is	be	AUX
fsr-3816	49	8	such	such	ADJ
fsr-3816	49	9	that	that	SCONJ
fsr-3816	49	10	:	:	PUNCT
fsr-3816	49	11	(	(	PUNCT
fsr-3816	49	12	1	1	NUM
fsr-3816	49	13	tp	tp	PART
fsr-3816	49	14	’	'	PUNCT
fsr-3816	49	15	)	)	PUNCT
fsr-3816	49	16	>	>	X
fsr-3816	49	17	(	(	PUNCT
fsr-3816	49	18	1	1	NUM
fsr-3816	49	19	t,)(l	t,)(l	NOUN
fsr-3816	49	20	-t	-t	NUM
fsr-3816	49	21	;	;	PUNCT
fsr-3816	49	22	>	>	X
fsr-3816	49	23	(	(	PUNCT
fsr-3816	49	24	2	2	X
fsr-3816	49	25	)	)	PUNCT
fsr-3816	49	26	would	would	AUX
fsr-3816	49	27	buy	buy	VERB
fsr-3816	49	28	corporate	corporate	ADJ
fsr-3816	49	29	bonds	bond	NOUN
fsr-3816	49	30	and	and	CCONJ
fsr-3816	49	31	earn	earn	VERB
fsr-3816	49	32	the	the	DET
fsr-3816	49	33	surplus	surplus	NOUN
fsr-3816	49	34	f	f	NOUN
fsr-3816	49	35	,	,	PUNCT
fsr-3816	49	36	,	,	PUNCT
fsr-3816	49	37	”	"	PUNCT
fsr-3816	49	38	$	$	SYM
fsr-3816	49	39	,	,	PUNCT
fsr-3816	49	40	‘	'	PUNCT
fsr-3816	49	41	.	.	PUNCT
fsr-3816	50	1	on	on	ADP
fsr-3816	50	2	the	the	DET
fsr-3816	50	3	other	other	ADJ
fsr-3816	50	4	hand	hand	NOUN
fsr-3816	50	5	,	,	PUNCT
fsr-3816	50	6	investor	investor	NOUN
fsr-3816	50	7	j	j	PROPN
fsr-3816	50	8	whose	whose	DET
fsr-3816	50	9	income	income	NOUN
fsr-3816	50	10	tax	tax	NOUN
fsr-3816	50	11	bracket	bracket	NOUN
fsr-3816	50	12	is	be	AUX
fsr-3816	50	13	such	such	ADJ
fsr-3816	50	14	that	that	SCONJ
fsr-3816	50	15	:	:	PUNCT
fsr-3816	50	16	(	(	PUNCT
fsr-3816	50	17	1	1	NUM
fsr-3816	50	18	-t	-t	NUM
fsr-3816	50	19	;	;	PUNCT
fsr-3816	50	20	>	>	X
fsr-3816	50	21	<	<	X
fsr-3816	50	22	(	(	PUNCT
fsr-3816	50	23	1	1	NUM
fsr-3816	50	24	-t&(1	-t&(1	X
fsr-3816	50	25	tgj	tgj	NOUN
fsr-3816	50	26	)	)	PUNCT
fsr-3816	50	27	(	(	PUNCT
fsr-3816	50	28	3	3	X
fsr-3816	50	29	)	)	PUNCT
fsr-3816	50	30	would	would	AUX
fsr-3816	50	31	shun	shun	VERB
fsr-3816	50	32	corporate	corporate	ADJ
fsr-3816	50	33	bonds	bond	NOUN
fsr-3816	50	34	and	and	CCONJ
fsr-3816	50	35	may	may	AUX
fsr-3816	50	36	invest	invest	VERB
fsr-3816	50	37	in	in	ADP
fsr-3816	50	38	either	either	CCONJ
fsr-3816	50	39	equity	equity	NOUN
fsr-3816	50	40	or	or	CCONJ
fsr-3816	50	41	tax	tax	NOUN
fsr-3816	50	42	-	-	PUNCT
fsr-3816	50	43	free	free	ADJ
fsr-3816	50	44	municipal	municipal	ADJ
fsr-3816	50	45	bonds	bond	NOUN
fsr-3816	50	46	depending	depend	VERB
fsr-3816	50	47	on	on	ADP
fsr-3816	50	48	the	the	DET
fsr-3816	50	49	implicit	implicit	ADJ
fsr-3816	50	50	tax	tax	NOUN
fsr-3816	50	51	rate	rate	NOUN
fsr-3816	50	52	on	on	ADP
fsr-3816	50	53	the	the	DET
fsr-3816	50	54	tax	tax	NOUN
fsr-3816	50	55	free	free	ADJ
fsr-3816	50	56	vis	vis	X
fsr-3816	50	57	-	-	PUNCT
fsr-3816	50	58	a	a	X
fsr-3816	50	59	-	-	PUNCT
fsr-3816	50	60	vis	vis	X
fsr-3816	50	61	ti	ti	NOUN
fsr-3816	50	62	.	.	PUNCT
fsr-3816	50	63	a	a	DET
fsr-3816	50	64	second	second	ADJ
fsr-3816	50	65	factor	factor	NOUN
fsr-3816	50	66	that	that	PRON
fsr-3816	50	67	may	may	AUX
fsr-3816	50	68	cause	cause	VERB
fsr-3816	50	69	the	the	DET
fsr-3816	50	70	terms	term	NOUN
fsr-3816	50	71	of	of	ADP
fsr-3816	50	72	borrowing	borrowing	NOUN
fsr-3816	50	73	to	to	PART
fsr-3816	50	74	differ	differ	VERB
fsr-3816	50	75	across	across	ADP
fsr-3816	50	76	the	the	DET
fsr-3816	50	77	corporation	corporation	NOUN
fsr-3816	50	78	investor	investor	NOUN
fsr-3816	50	79	groups	group	NOUN
fsr-3816	50	80	is	be	AUX
fsr-3816	50	81	bankruptcy	bankruptcy	NOUN
fsr-3816	50	82	costs	cost	NOUN
fsr-3816	50	83	.	.	PUNCT
fsr-3816	51	1	in	in	ADP
fsr-3816	51	2	evaluating	evaluate	VERB
fsr-3816	51	3	the	the	DET
fsr-3816	51	4	effect	effect	NOUN
fsr-3816	51	5	of	of	ADP
fsr-3816	51	6	corporate	corporate	ADJ
fsr-3816	51	7	bankruptcy	bankruptcy	NOUN
fsr-3816	51	8	costs	cost	NOUN
fsr-3816	51	9	,	,	PUNCT
fsr-3816	51	10	a	a	DET
fsr-3816	51	11	consensus	consensus	NOUN
fsr-3816	51	12	emerged	emerge	VERB
fsr-3816	51	13	that	that	SCONJ
fsr-3816	51	14	an	an	DET
fsr-3816	51	15	optimum	optimum	ADJ
fsr-3816	51	16	capital	capital	NOUN
fsr-3816	51	17	structure	structure	NOUN
fsr-3816	51	18	is	be	AUX
fsr-3816	51	19	reached	reach	VERB
fsr-3816	51	20	where	where	SCONJ
fsr-3816	51	21	corporate	corporate	ADJ
fsr-3816	51	22	tax	tax	NOUN
fsr-3816	51	23	sav	sav	PROPN
fsr-3816	51	24	ing	ing	NOUN
fsr-3816	51	25	is	be	AUX
fsr-3816	51	26	just	just	ADV
fsr-3816	51	27	offset	offset	VERB
fsr-3816	51	28	by	by	ADP
fsr-3816	51	29	the	the	DET
fsr-3816	51	30	present	present	ADJ
fsr-3816	51	31	value	value	NOUN
fsr-3816	51	32	of	of	ADP
fsr-3816	51	33	expected	expect	VERB
fsr-3816	51	34	corporate	corporate	ADJ
fsr-3816	51	35	bankruptcy	bankruptcy	NOUN
fsr-3816	51	36	costs	cost	NOUN
fsr-3816	51	37	at	at	ADP
fsr-3816	51	38	the	the	DET
fsr-3816	51	39	margin	margin	NOUN
fsr-3816	51	40	(	(	PUNCT
fsr-3816	51	41	e.g.	e.g.	ADV
fsr-3816	51	42	,	,	PUNCT
fsr-3816	51	43	see	see	VERB
fsr-3816	51	44	taggart	taggart	NOUN
fsr-3816	51	45	,	,	PUNCT
fsr-3816	51	46	1982	1982	NUM
fsr-3816	51	47	;	;	PUNCT
fsr-3816	51	48	kraus	kraus	PROPN
fsr-3816	51	49	&	&	CCONJ
fsr-3816	51	50	litzenberger	litzenberger	PROPN
fsr-3816	51	51	,	,	PUNCT
fsr-3816	51	52	1973	1973	NUM
fsr-3816	51	53	;	;	PUNCT
fsr-3816	51	54	scott	scott	PROPN
fsr-3816	51	55	,	,	PUNCT
fsr-3816	51	56	1976	1976	NUM
fsr-3816	51	57	;	;	PUNCT
fsr-3816	51	58	kim	kim	PROPN
fsr-3816	51	59	,	,	PUNCT
fsr-3816	51	60	1978	1978	NUM
fsr-3816	51	61	,	,	PUNCT
fsr-3816	51	62	etc	etc	X
fsr-3816	51	63	.	.	X
fsr-3816	51	64	)	)	PUNCT
fsr-3816	51	65	.	.	PUNCT
fsr-3816	52	1	this	this	DET
fsr-3816	52	2	view	view	NOUN
fsr-3816	52	3	is	be	AUX
fsr-3816	52	4	challenged	challenge	VERB
fsr-3816	52	5	by	by	ADP
fsr-3816	52	6	miller	miller	PROPN
fsr-3816	52	7	(	(	PUNCT
fsr-3816	52	8	1977	1977	NUM
fsr-3816	52	9	)	)	PUNCT
fsr-3816	52	10	,	,	PUNCT
fsr-3816	52	11	who	who	PRON
fsr-3816	52	12	based	base	VERB
fsr-3816	52	13	on	on	ADP
fsr-3816	52	14	the	the	DET
fsr-3816	52	15	empirical	empirical	ADJ
fsr-3816	52	16	evidence	evidence	NOUN
fsr-3816	52	17	of	of	ADP
fsr-3816	52	18	warner	warner	PROPN
fsr-3816	52	19	(	(	PUNCT
fsr-3816	52	20	1984	1984	NUM
fsr-3816	52	21	)	)	PUNCT
fsr-3816	52	22	,	,	PUNCT
fsr-3816	52	23	argues	argue	VERB
fsr-3816	52	24	that	that	SCONJ
fsr-3816	52	25	the	the	DET
fsr-3816	52	26	expected	expect	VERB
fsr-3816	52	27	corporate	corporate	ADJ
fsr-3816	52	28	bankruptcy	bankruptcy	NOUN
fsr-3816	52	29	costs	cost	NOUN
fsr-3816	52	30	are	be	AUX
fsr-3816	52	31	not	not	PART
fsr-3816	52	32	large	large	ADJ
fsr-3816	52	33	enough	enough	ADV
fsr-3816	52	34	to	to	PART
fsr-3816	52	35	warrant	warrant	VERB
fsr-3816	52	36	such	such	ADJ
fsr-3816	52	37	conclusions	conclusion	NOUN
fsr-3816	52	38	.	.	PUNCT
fsr-3816	53	1	further	far	ADV
fsr-3816	53	2	,	,	PUNCT
fsr-3816	53	3	haugen	haugen	PROPN
fsr-3816	53	4	,	,	PUNCT
fsr-3816	53	5	and	and	CCONJ
fsr-3816	53	6	senbet	senbet	PROPN
fsr-3816	53	7	(	(	PUNCT
fsr-3816	53	8	1978	1978	NUM
fsr-3816	53	9	)	)	PUNCT
fsr-3816	53	10	argue	argue	VERB
fsr-3816	53	11	that	that	SCONJ
fsr-3816	53	12	the	the	DET
fsr-3816	53	13	only	only	ADJ
fsr-3816	53	14	relevant	relevant	ADJ
fsr-3816	53	15	corporate	corporate	ADJ
fsr-3816	53	16	bankruptcy	bankruptcy	NOUN
fsr-3816	53	17	costs	cost	NOUN
fsr-3816	53	18	are	be	AUX
fsr-3816	53	19	the	the	DET
fsr-3816	53	20	ones	one	NOUN
fsr-3816	53	21	attributable	attributable	ADJ
fsr-3816	53	22	to	to	ADP
fsr-3816	53	23	liquidation	liquidation	NOUN
fsr-3816	53	24	.	.	PUNCT
fsr-3816	54	1	thus	thus	ADV
fsr-3816	54	2	,	,	PUNCT
fsr-3816	54	3	if	if	SCONJ
fsr-3816	54	4	one	one	PRON
fsr-3816	54	5	merely	merely	ADV
fsr-3816	54	6	assumes	assume	VERB
fsr-3816	54	7	that	that	SCONJ
fsr-3816	54	8	investors	investor	NOUN
fsr-3816	54	9	are	be	AUX
fsr-3816	54	10	rational	rational	ADJ
fsr-3816	54	11	and	and	CCONJ
fsr-3816	54	12	that	that	SCONJ
fsr-3816	54	13	assets	asset	NOUN
fsr-3816	54	14	are	be	AUX
fsr-3816	54	15	priced	price	VERB
fsr-3816	54	16	competitively	competitively	ADV
fsr-3816	54	17	,	,	PUNCT
fsr-3816	54	18	corporate	corporate	ADJ
fsr-3816	54	19	bankruptcy	bankruptcy	NOUN
fsr-3816	54	20	costs	cost	NOUN
fsr-3816	54	21	are	be	AUX
fsr-3816	54	22	trivial	trivial	ADJ
fsr-3816	54	23	and	and	CCONJ
fsr-3816	54	24	insignificant	insignificant	ADJ
fsr-3816	54	25	to	to	ADP
fsr-3816	54	26	the	the	DET
fsr-3816	54	27	firm	firm	NOUN
fsr-3816	54	28	’s	’s	PART
fsr-3816	54	29	capital	capital	NOUN
fsr-3816	54	30	structure	structure	NOUN
fsr-3816	54	31	.	.	PUNCT
fsr-3816	55	1	however	however	ADV
fsr-3816	55	2	,	,	PUNCT
fsr-3816	55	3	altman	altman	PROPN
fsr-3816	55	4	(	(	PUNCT
fsr-3816	55	5	1984	1984	NUM
fsr-3816	55	6	)	)	PUNCT
fsr-3816	55	7	argues	argue	VERB
fsr-3816	55	8	that	that	SCONJ
fsr-3816	55	9	warner	warner	PROPN
fsr-3816	55	10	’s	’s	PART
fsr-3816	55	11	analysis	analysis	NOUN
fsr-3816	55	12	suffers	suffer	VERB
fsr-3816	55	13	from	from	ADP
fsr-3816	55	14	a	a	DET
fsr-3816	55	15	lack	lack	NOUN
fsr-3816	55	16	of	of	ADP
fsr-3816	55	17	proper	proper	ADJ
fsr-3816	55	18	measurement	measurement	NOUN
fsr-3816	55	19	of	of	ADP
fsr-3816	55	20	expected	expect	VERB
fsr-3816	55	21	corporate	corporate	ADJ
fsr-3816	55	22	bankruptcy	bankruptcy	NOUN
fsr-3816	55	23	costs	cost	NOUN
fsr-3816	55	24	.	.	PUNCT
fsr-3816	56	1	he	he	PRON
fsr-3816	56	2	further	far	ADV
fsr-3816	56	3	argues	argue	VERB
fsr-3816	56	4	that	that	SCONJ
fsr-3816	56	5	because	because	SCONJ
fsr-3816	56	6	warner	warner	PROPN
fsr-3816	56	7	’s	’s	PART
fsr-3816	56	8	study	study	NOUN
fsr-3816	56	9	employs	employ	VERB
fsr-3816	56	10	the	the	DET
fsr-3816	56	11	data	datum	NOUN
fsr-3816	56	12	for	for	ADP
fsr-3816	56	13	a	a	DET
fsr-3816	56	14	restricted	restricted	ADJ
fsr-3816	56	15	sample	sample	NOUN
fsr-3816	56	16	of	of	ADP
fsr-3816	56	17	railroads	railroad	NOUN
fsr-3816	56	18	,	,	PUNCT
fsr-3816	56	19	its	its	PRON
fsr-3816	56	20	results	result	NOUN
fsr-3816	56	21	are	be	AUX
fsr-3816	56	22	nonrepresentative	nonrepresentative	ADJ
fsr-3816	56	23	of	of	ADP
fsr-3816	56	24	the	the	DET
fsr-3816	56	25	bankruptcy	bankruptcy	NOUN
fsr-3816	56	26	costs	cost	NOUN
fsr-3816	56	27	for	for	ADP
fsr-3816	56	28	other	other	ADJ
fsr-3816	56	29	firms	firm	NOUN
fsr-3816	56	30	.	.	PUNCT
fsr-3816	57	1	more	more	ADV
fsr-3816	57	2	importantly	importantly	ADV
fsr-3816	57	3	,	,	PUNCT
fsr-3816	57	4	he	he	PRON
fsr-3816	57	5	argues	argue	VERB
fsr-3816	57	6	that	that	SCONJ
fsr-3816	57	7	the	the	DET
fsr-3816	57	8	relevant	relevant	ADJ
fsr-3816	57	9	corporate	corporate	ADJ
fsr-3816	57	10	bankruptcy	bankruptcy	NOUN
fsr-3816	57	11	costs	cost	NOUN
fsr-3816	57	12	are	be	AUX
fsr-3816	57	13	not	not	PART
fsr-3816	57	14	limited	limit	VERB
fsr-3816	57	15	to	to	ADP
fsr-3816	57	16	liquidation	liquidation	NOUN
fsr-3816	57	17	costs	cost	NOUN
fsr-3816	57	18	but	but	CCONJ
fsr-3816	57	19	include	include	VERB
fsr-3816	57	20	indirect	indirect	ADJ
fsr-3816	57	21	costs	cost	NOUN
fsr-3816	57	22	:	:	PUNCT
fsr-3816	57	23	costs	cost	NOUN
fsr-3816	57	24	of	of	ADP
fsr-3816	57	25	lost	lose	VERB
fsr-3816	57	26	managerial	managerial	ADJ
fsr-3816	57	27	energies	energy	NOUN
fsr-3816	57	28	,	,	PUNCT
fsr-3816	57	29	costs	cost	NOUN
fsr-3816	57	30	of	of	ADP
fsr-3816	57	31	lost	lose	VERB
fsr-3816	57	32	sales	sale	NOUN
fsr-3816	57	33	and	and	CCONJ
fsr-3816	57	34	profits	profit	NOUN
fsr-3816	57	35	,	,	PUNCT
fsr-3816	57	36	etc	etc	X
fsr-3816	57	37	.	.	X
fsr-3816	57	38	based	base	VERB
fsr-3816	57	39	on	on	ADP
fsr-3816	57	40	his	his	PRON
fsr-3816	57	41	findings	finding	NOUN
fsr-3816	57	42	,	,	PUNCT
fsr-3816	57	43	that	that	PRON
fsr-3816	57	44	total	total	ADJ
fsr-3816	57	45	corporate	corporate	ADJ
fsr-3816	57	46	bankruptcy	bankruptcy	NOUN
fsr-3816	57	47	80	80	NUM
fsr-3816	57	48	financial	financial	ADJ
fsr-3816	57	49	services	service	NOUN
fsr-3816	57	50	review	review	VERB
fsr-3816	57	51	6(2	6(2	NUM
fsr-3816	57	52	)	)	PUNCT
fsr-3816	57	53	1997	1997	NUM
fsr-3816	57	54	costs	cost	NOUN
fsr-3816	57	55	can	can	AUX
fsr-3816	57	56	exceed	exceed	VERB
fsr-3816	57	57	20	20	NUM
fsr-3816	57	58	%	%	NOUN
fsr-3816	57	59	of	of	ADP
fsr-3816	57	60	the	the	DET
fsr-3816	57	61	value	value	NOUN
fsr-3816	57	62	of	of	ADP
fsr-3816	57	63	the	the	DET
fsr-3816	57	64	firm	firm	NOUN
fsr-3816	57	65	just	just	ADV
fsr-3816	57	66	prior	prior	ADV
fsr-3816	57	67	to	to	ADP
fsr-3816	57	68	bankruptcy	bankruptcy	NOUN
fsr-3816	57	69	and	and	CCONJ
fsr-3816	57	70	from	from	ADP
fsr-3816	57	71	11	11	NUM
fsr-3816	57	72	%	%	NOUN
fsr-3816	57	73	to	to	PART
fsr-3816	57	74	17	17	NUM
fsr-3816	57	75	%	%	NOUN
fsr-3816	57	76	3	3	NUM
fsr-3816	57	77	years	year	NOUN
fsr-3816	57	78	prior	prior	ADV
fsr-3816	57	79	to	to	ADP
fsr-3816	57	80	bankruptcy	bankruptcy	NOUN
fsr-3816	57	81	,	,	PUNCT
fsr-3816	57	82	he	he	PRON
fsr-3816	57	83	argues	argue	VERB
fsr-3816	57	84	that	that	SCONJ
fsr-3816	57	85	corporate	corporate	ADJ
fsr-3816	57	86	bankruptcy	bankruptcy	NOUN
fsr-3816	57	87	costs	cost	NOUN
fsr-3816	57	88	are	be	AUX
fsr-3816	57	89	nontrivial	nontrivial	ADJ
fsr-3816	57	90	and	and	CCONJ
fsr-3816	57	91	that	that	SCONJ
fsr-3816	57	92	the	the	DET
fsr-3816	57	93	choice	choice	NOUN
fsr-3816	57	94	of	of	ADP
fsr-3816	57	95	the	the	DET
fsr-3816	57	96	capital	capital	NOUN
fsr-3816	57	97	is	be	AUX
fsr-3816	57	98	relevant	relevant	ADJ
fsr-3816	57	99	to	to	ADP
fsr-3816	57	100	the	the	DET
fsr-3816	57	101	value	value	NOUN
fsr-3816	57	102	of	of	ADP
fsr-3816	57	103	the	the	DET
fsr-3816	57	104	firm	firm	NOUN
fsr-3816	57	105	.	.	PUNCT
fsr-3816	58	1	castanias	castanias	PROPN
fsr-3816	58	2	’	'	PUNCT
fsr-3816	58	3	results	result	NOUN
fsr-3816	58	4	(	(	PUNCT
fsr-3816	58	5	1983	1983	NUM
fsr-3816	58	6	)	)	PUNCT
fsr-3816	58	7	tend	tend	VERB
fsr-3816	58	8	to	to	PART
fsr-3816	58	9	provide	provide	VERB
fsr-3816	58	10	further	further	ADJ
fsr-3816	58	11	support	support	NOUN
fsr-3816	58	12	for	for	ADP
fsr-3816	58	13	the	the	DET
fsr-3816	58	14	argument	argument	NOUN
fsr-3816	58	15	that	that	SCONJ
fsr-3816	58	16	corporate	corporate	ADJ
fsr-3816	58	17	bankruptcy	bankruptcy	NOUN
fsr-3816	58	18	costs	cost	NOUN
fsr-3816	58	19	are	be	AUX
fsr-3816	58	20	nontrivial	nontrivial	ADJ
fsr-3816	58	21	.	.	PUNCT
fsr-3816	59	1	he	he	PRON
fsr-3816	59	2	finds	find	VERB
fsr-3816	59	3	that	that	SCONJ
fsr-3816	59	4	firms	firm	NOUN
fsr-3816	59	5	in	in	ADP
fsr-3816	59	6	high	high	ADJ
fsr-3816	59	7	failure	failure	NOUN
fsr-3816	59	8	lines	line	NOUN
fsr-3816	59	9	of	of	ADP
fsr-3816	59	10	business	business	NOUN
fsr-3816	59	11	tend	tend	VERB
fsr-3816	59	12	to	to	PART
fsr-3816	59	13	have	have	VERB
fsr-3816	59	14	less	less	ADJ
fsr-3816	59	15	debt	debt	NOUN
fsr-3816	59	16	in	in	ADP
fsr-3816	59	17	their	their	PRON
fsr-3816	59	18	capital	capital	NOUN
fsr-3816	59	19	structure	structure	NOUN
fsr-3816	59	20	.	.	PUNCT
fsr-3816	60	1	this	this	PRON
fsr-3816	60	2	is	be	AUX
fsr-3816	60	3	consistent	consistent	ADJ
fsr-3816	60	4	with	with	ADP
fsr-3816	60	5	the	the	DET
fsr-3816	60	6	hypothesis	hypothesis	NOUN
fsr-3816	60	7	that	that	PRON
fsr-3816	60	8	bankruptcy	bankruptcy	NOUN
fsr-3816	60	9	costs	cost	NOUN
fsr-3816	60	10	are	be	AUX
fsr-3816	60	11	large	large	ADJ
fsr-3816	60	12	enough	enough	ADV
fsr-3816	60	13	to	to	PART
fsr-3816	60	14	induce	induce	VERB
fsr-3816	60	15	firms	firm	NOUN
fsr-3816	60	16	to	to	PART
fsr-3816	60	17	hold	hold	VERB
fsr-3816	60	18	an	an	DET
fsr-3816	60	19	optimum	optimum	ADJ
fsr-3816	60	20	mix	mix	NOUN
fsr-3816	60	21	of	of	ADP
fsr-3816	60	22	debt	debt	NOUN
fsr-3816	60	23	and	and	CCONJ
fsr-3816	60	24	equity	equity	NOUN
fsr-3816	60	25	.	.	PUNCT
fsr-3816	61	1	disregarding	disregard	VERB
fsr-3816	61	2	the	the	DET
fsr-3816	61	3	arguments	argument	NOUN
fsr-3816	61	4	about	about	ADP
fsr-3816	61	5	the	the	DET
fsr-3816	61	6	magnitude	magnitude	NOUN
fsr-3816	61	7	of	of	ADP
fsr-3816	61	8	bankruptcy	bankruptcy	NOUN
fsr-3816	61	9	costs	cost	NOUN
fsr-3816	61	10	,	,	PUNCT
fsr-3816	61	11	deangelo	deangelo	PROPN
fsr-3816	61	12	and	and	CCONJ
fsr-3816	61	13	masulis	masulis	PROPN
fsr-3816	61	14	(	(	PUNCT
fsr-3816	61	15	1980	1980	NUM
fsr-3816	61	16	)	)	PUNCT
fsr-3816	61	17	show	show	VERB
fsr-3816	61	18	that	that	SCONJ
fsr-3816	61	19	starting	start	VERB
fsr-3816	61	20	from	from	ADP
fsr-3816	61	21	a	a	DET
fsr-3816	61	22	miller	miller	PROPN
fsr-3816	61	23	equilibrium	equilibrium	NOUN
fsr-3816	61	24	situation	situation	NOUN
fsr-3816	61	25	,	,	PUNCT
fsr-3816	61	26	the	the	DET
fsr-3816	61	27	introduction	introduction	NOUN
fsr-3816	61	28	of	of	ADP
fsr-3816	61	29	corporate	corporate	ADJ
fsr-3816	61	30	bankruptcy	bankruptcy	NOUN
fsr-3816	61	31	costs	cost	NOUN
fsr-3816	61	32	(	(	PUNCT
fsr-3816	61	33	and	and	CCONJ
fsr-3816	61	34	other	other	ADJ
fsr-3816	61	35	unresolved	unresolved	ADJ
fsr-3816	61	36	agency	agency	NOUN
fsr-3816	61	37	costs	cost	NOUN
fsr-3816	61	38	)	)	PUNCT
fsr-3816	61	39	causes	cause	VERB
fsr-3816	61	40	the	the	DET
fsr-3816	61	41	supply	supply	NOUN
fsr-3816	61	42	curve	curve	NOUN
fsr-3816	61	43	for	for	ADP
fsr-3816	61	44	corporate	corporate	ADJ
fsr-3816	61	45	bonds	bond	NOUN
fsr-3816	61	46	to	to	PART
fsr-3816	61	47	no	no	ADV
fsr-3816	61	48	longer	long	ADV
fsr-3816	61	49	be	be	AUX
fsr-3816	61	50	hor	hor	PROPN
fsr-3816	61	51	izontal	izontal	ADJ
fsr-3816	61	52	and	and	CCONJ
fsr-3816	61	53	turn	turn	VERB
fsr-3816	61	54	downward	downward	ADV
fsr-3816	61	55	-	-	PUNCT
fsr-3816	61	56	sloping	slope	VERB
fsr-3816	61	57	instead	instead	ADV
fsr-3816	61	58	.	.	PUNCT
fsr-3816	62	1	the	the	DET
fsr-3816	62	2	effect	effect	NOUN
fsr-3816	62	3	,	,	PUNCT
fsr-3816	62	4	then	then	ADV
fsr-3816	62	5	,	,	PUNCT
fsr-3816	62	6	is	be	AUX
fsr-3816	62	7	for	for	SCONJ
fsr-3816	62	8	an	an	DET
fsr-3816	62	9	optimal	optimal	ADJ
fsr-3816	62	10	capital	capital	NOUN
fsr-3816	62	11	struc	struc	PROPN
fsr-3816	62	12	ture	ture	VERB
fsr-3816	62	13	to	to	PART
fsr-3816	62	14	exist	exist	VERB
fsr-3816	62	15	for	for	ADP
fsr-3816	62	16	the	the	DET
fsr-3816	62	17	individual	individual	ADJ
fsr-3816	62	18	firms	firm	NOUN
fsr-3816	62	19	as	as	ADV
fsr-3816	62	20	well	well	ADV
fsr-3816	62	21	as	as	ADP
fsr-3816	62	22	for	for	ADP
fsr-3816	62	23	the	the	DET
fsr-3816	62	24	corporate	corporate	ADJ
fsr-3816	62	25	sector	sector	NOUN
fsr-3816	62	26	as	as	ADP
fsr-3816	62	27	a	a	DET
fsr-3816	62	28	whole	whole	NOUN
fsr-3816	62	29	.	.	PUNCT
fsr-3816	63	1	diamond	diamond	NOUN
fsr-3816	63	2	(	(	PUNCT
fsr-3816	63	3	1994	1994	NUM
fsr-3816	63	4	)	)	PUNCT
fsr-3816	63	5	brings	bring	VERB
fsr-3816	63	6	into	into	ADP
fsr-3816	63	7	focus	focus	NOUN
fsr-3816	63	8	the	the	DET
fsr-3816	63	9	control	control	NOUN
fsr-3816	63	10	role	role	NOUN
fsr-3816	63	11	of	of	ADP
fsr-3816	63	12	debt	debt	NOUN
fsr-3816	63	13	and	and	CCONJ
fsr-3816	63	14	argues	argue	VERB
fsr-3816	63	15	that	that	SCONJ
fsr-3816	63	16	within	within	ADP
fsr-3816	63	17	such	such	DET
fsr-3816	63	18	a	a	DET
fsr-3816	63	19	framework	framework	NOUN
fsr-3816	63	20	,	,	PUNCT
fsr-3816	63	21	bankruptcy	bankruptcy	NOUN
fsr-3816	63	22	costs	cost	NOUN
fsr-3816	63	23	become	become	VERB
fsr-3816	63	24	endogenous	endogenous	ADJ
fsr-3816	63	25	and	and	CCONJ
fsr-3816	63	26	sometimes	sometimes	ADV
fsr-3816	63	27	negative	negative	ADJ
fsr-3816	63	28	.	.	PUNCT
fsr-3816	64	1	accordingly	accordingly	ADV
fsr-3816	64	2	,	,	PUNCT
fsr-3816	64	3	capital	capital	NOUN
fsr-3816	64	4	struc	struc	PROPN
fsr-3816	64	5	ture	ture	PROPN
fsr-3816	64	6	would	would	AUX
fsr-3816	64	7	depend	depend	VERB
fsr-3816	64	8	on	on	ADP
fsr-3816	64	9	the	the	DET
fsr-3816	64	10	correlation	correlation	NOUN
fsr-3816	64	11	between	between	ADP
fsr-3816	64	12	cash	cash	NOUN
fsr-3816	64	13	flows	flow	NOUN
fsr-3816	64	14	and	and	CCONJ
fsr-3816	64	15	profitability	profitability	NOUN
fsr-3816	64	16	of	of	ADP
fsr-3816	64	17	new	new	ADJ
fsr-3816	64	18	invest	invest	NOUN
fsr-3816	64	19	ments	ment	NOUN
fsr-3816	64	20	,	,	PUNCT
fsr-3816	64	21	as	as	ADV
fsr-3816	64	22	well	well	ADV
fsr-3816	64	23	as	as	ADP
fsr-3816	64	24	on	on	ADP
fsr-3816	64	25	taxes	taxis	NOUN
fsr-3816	64	26	and	and	CCONJ
fsr-3816	64	27	bankruptcy	bankruptcy	NOUN
fsr-3816	64	28	costs	cost	NOUN
fsr-3816	64	29	.	.	PUNCT
fsr-3816	65	1	interestingly	interestingly	ADV
fsr-3816	65	2	,	,	PUNCT
fsr-3816	65	3	all	all	DET
fsr-3816	65	4	the	the	DET
fsr-3816	65	5	controversy	controversy	NOUN
fsr-3816	65	6	has	have	AUX
fsr-3816	65	7	been	be	AUX
fsr-3816	65	8	centered	center	VERB
fsr-3816	65	9	on	on	ADP
fsr-3816	65	10	corporate	corporate	ADJ
fsr-3816	65	11	bankruptcy	bankruptcy	NOUN
fsr-3816	65	12	costs	cost	NOUN
fsr-3816	65	13	,	,	PUNCT
fsr-3816	65	14	their	their	PRON
fsr-3816	65	15	magnitude	magnitude	NOUN
fsr-3816	65	16	and	and	CCONJ
fsr-3816	65	17	relevance	relevance	NOUN
fsr-3816	65	18	,	,	PUNCT
fsr-3816	65	19	with	with	ADP
fsr-3816	65	20	no	no	DET
fsr-3816	65	21	attention	attention	NOUN
fsr-3816	65	22	paid	pay	VERB
fsr-3816	65	23	to	to	ADP
fsr-3816	65	24	personal	personal	ADJ
fsr-3816	65	25	bankruptcy	bankruptcy	NOUN
fsr-3816	65	26	costs	cost	NOUN
fsr-3816	65	27	.	.	PUNCT
fsr-3816	66	1	how	how	SCONJ
fsr-3816	66	2	ever	ever	ADV
fsr-3816	66	3	,	,	PUNCT
fsr-3816	66	4	disregarding	disregard	VERB
fsr-3816	66	5	these	these	DET
fsr-3816	66	6	costs	cost	NOUN
fsr-3816	66	7	is	be	AUX
fsr-3816	66	8	tantamount	tantamount	ADJ
fsr-3816	66	9	to	to	ADP
fsr-3816	66	10	assuming	assume	VERB
fsr-3816	66	11	that	that	SCONJ
fsr-3816	66	12	either	either	CCONJ
fsr-3816	66	13	personal	personal	ADJ
fsr-3816	66	14	bankruptcy	bankruptcy	NOUN
fsr-3816	66	15	costs	cost	NOUN
fsr-3816	66	16	are	be	AUX
fsr-3816	66	17	irrelevant	irrelevant	ADJ
fsr-3816	66	18	or	or	CCONJ
fsr-3816	66	19	that	that	SCONJ
fsr-3816	66	20	they	they	PRON
fsr-3816	66	21	are	be	AUX
fsr-3816	66	22	greater	great	ADJ
fsr-3816	66	23	than	than	ADP
fsr-3816	66	24	corporate	corporate	ADJ
fsr-3816	66	25	bankruptcy	bankruptcy	NOUN
fsr-3816	66	26	costs	cost	NOUN
fsr-3816	66	27	for	for	ADP
fsr-3816	66	28	all	all	DET
fsr-3816	66	29	investors	investor	NOUN
fsr-3816	66	30	.	.	PUNCT
fsr-3816	67	1	a.	a.	NOUN
fsr-3816	67	2	the	the	DET
fsr-3816	67	3	relevance	relevance	NOUN
fsr-3816	67	4	of	of	ADP
fsr-3816	67	5	personal	personal	ADJ
fsr-3816	67	6	bankruptcy	bankruptcy	NOUN
fsr-3816	67	7	costs	cost	NOUN
fsr-3816	67	8	to	to	ADP
fsr-3816	67	9	corporate	corporate	ADJ
fsr-3816	67	10	capital	capital	NOUN
fsr-3816	67	11	structure	structure	NOUN
fsr-3816	67	12	the	the	DET
fsr-3816	67	13	strongest	strong	ADJ
fsr-3816	67	14	arguments	argument	NOUN
fsr-3816	67	15	on	on	ADP
fsr-3816	67	16	the	the	DET
fsr-3816	67	17	irrelevance	irrelevance	NOUN
fsr-3816	67	18	of	of	ADP
fsr-3816	67	19	corporate	corporate	ADJ
fsr-3816	67	20	bankruptcy	bankruptcy	NOUN
fsr-3816	67	21	costs	cost	NOUN
fsr-3816	67	22	are	be	AUX
fsr-3816	67	23	those	those	PRON
fsr-3816	67	24	forwarded	forward	VERB
fsr-3816	67	25	by	by	ADP
fsr-3816	67	26	haugen	haugen	PROPN
fsr-3816	67	27	and	and	CCONJ
fsr-3816	67	28	senbet	senbet	PROPN
fsr-3816	67	29	(	(	PUNCT
fsr-3816	67	30	1978	1978	NUM
fsr-3816	67	31	)	)	PUNCT
fsr-3816	67	32	.	.	PUNCT
fsr-3816	68	1	can	can	AUX
fsr-3816	68	2	the	the	DET
fsr-3816	68	3	same	same	ADJ
fsr-3816	68	4	arguments	argument	NOUN
fsr-3816	68	5	be	be	AUX
fsr-3816	68	6	used	use	VERB
fsr-3816	68	7	to	to	PART
fsr-3816	68	8	reason	reason	VERB
fsr-3816	68	9	that	that	SCONJ
fsr-3816	68	10	personal	personal	ADJ
fsr-3816	68	11	bankruptcy	bankruptcy	NOUN
fsr-3816	68	12	costs	cost	NOUN
fsr-3816	68	13	are	be	AUX
fsr-3816	68	14	irrelevant	irrelevant	ADJ
fsr-3816	68	15	?	?	PUNCT
fsr-3816	69	1	the	the	DET
fsr-3816	69	2	thrust	thrust	NOUN
fsr-3816	69	3	of	of	ADP
fsr-3816	69	4	haugen	haugen	PROPN
fsr-3816	69	5	and	and	CCONJ
fsr-3816	69	6	senbet	senbet	PROPN
fsr-3816	69	7	’s	’s	PART
fsr-3816	69	8	argument	argument	NOUN
fsr-3816	69	9	is	be	AUX
fsr-3816	69	10	that	that	SCONJ
fsr-3816	69	11	liquidation	liquidation	NOUN
fsr-3816	69	12	is	be	AUX
fsr-3816	69	13	an	an	DET
fsr-3816	69	14	investment	investment	NOUN
fsr-3816	69	15	decision	decision	NOUN
fsr-3816	69	16	in	in	ADP
fsr-3816	69	17	the	the	DET
fsr-3816	69	18	sense	sense	NOUN
fsr-3816	69	19	that	that	SCONJ
fsr-3816	69	20	liquidation	liquidation	NOUN
fsr-3816	69	21	is	be	AUX
fsr-3816	69	22	preferred	prefer	VERB
fsr-3816	69	23	when	when	SCONJ
fsr-3816	69	24	:	:	PUNCT
fsr-3816	69	25	net	net	ADJ
fsr-3816	69	26	liquidation	liquidation	NOUN
fsr-3816	69	27	value	value	NOUN
fsr-3816	69	28	>	>	X
fsr-3816	69	29	going	go	VERB
fsr-3816	69	30	concern	concern	NOUN
fsr-3816	69	31	value	value	NOUN
fsr-3816	69	32	,	,	PUNCT
fsr-3816	69	33	where	where	SCONJ
fsr-3816	69	34	the	the	DET
fsr-3816	69	35	former	former	ADJ
fsr-3816	69	36	is	be	AUX
fsr-3816	69	37	the	the	DET
fsr-3816	69	38	total	total	ADJ
fsr-3816	69	39	value	value	NOUN
fsr-3816	69	40	of	of	ADP
fsr-3816	69	41	assets	asset	NOUN
fsr-3816	69	42	when	when	SCONJ
fsr-3816	69	43	liquidated	liquidate	VERB
fsr-3816	69	44	less	less	ADV
fsr-3816	69	45	the	the	DET
fsr-3816	69	46	liquidation	liquidation	NOUN
fsr-3816	69	47	costs	cost	NOUN
fsr-3816	69	48	involved	involve	VERB
fsr-3816	69	49	,	,	PUNCT
fsr-3816	69	50	including	include	VERB
fsr-3816	69	51	bankruptcy	bankruptcy	NOUN
fsr-3816	69	52	costs	cost	NOUN
fsr-3816	69	53	if	if	SCONJ
fsr-3816	69	54	the	the	DET
fsr-3816	69	55	desired	desire	VERB
fsr-3816	69	56	course	course	NOUN
fsr-3816	69	57	of	of	ADP
fsr-3816	69	58	action	action	NOUN
fsr-3816	69	59	calls	call	VERB
fsr-3816	69	60	for	for	ADP
fsr-3816	69	61	such	such	ADJ
fsr-3816	69	62	filing	filing	NOUN
fsr-3816	69	63	.	.	PUNCT
fsr-3816	70	1	under	under	ADP
fsr-3816	70	2	such	such	DET
fsr-3816	70	3	a	a	DET
fsr-3816	70	4	scenario	scenario	NOUN
fsr-3816	70	5	liquidation	liquidation	NOUN
fsr-3816	70	6	may	may	AUX
fsr-3816	70	7	be	be	AUX
fsr-3816	70	8	preferred	prefer	VERB
fsr-3816	70	9	even	even	ADV
fsr-3816	70	10	in	in	ADP
fsr-3816	70	11	the	the	DET
fsr-3816	70	12	absence	absence	NOUN
fsr-3816	70	13	of	of	ADP
fsr-3816	70	14	debt	debt	NOUN
fsr-3816	70	15	and	and	CCONJ
fsr-3816	70	16	the	the	DET
fsr-3816	70	17	event	event	NOUN
fsr-3816	70	18	of	of	ADP
fsr-3816	70	19	bankruptcy	bankruptcy	NOUN
fsr-3816	70	20	.	.	PUNCT
fsr-3816	71	1	thus	thus	ADV
fsr-3816	71	2	,	,	PUNCT
fsr-3816	71	3	bankruptcy	bankruptcy	NOUN
fsr-3816	71	4	costs	cost	NOUN
fsr-3816	71	5	are	be	AUX
fsr-3816	71	6	the	the	DET
fsr-3816	71	7	costs	cost	NOUN
fsr-3816	71	8	associated	associate	VERB
fsr-3816	71	9	with	with	ADP
fsr-3816	71	10	liquidation	liquidation	NOUN
fsr-3816	71	11	as	as	ADP
fsr-3816	71	12	an	an	DET
fsr-3816	71	13	investment	investment	NOUN
fsr-3816	71	14	decision	decision	NOUN
fsr-3816	71	15	and	and	CCONJ
fsr-3816	71	16	are	be	AUX
fsr-3816	71	17	not	not	PART
fsr-3816	71	18	affected	affect	VERB
fsr-3816	71	19	by	by	ADP
fsr-3816	71	20	the	the	DET
fsr-3816	71	21	amount	amount	NOUN
fsr-3816	71	22	of	of	ADP
fsr-3816	71	23	debt	debt	NOUN
fsr-3816	71	24	in	in	ADP
fsr-3816	71	25	the	the	DET
fsr-3816	71	26	capital	capital	NOUN
fsr-3816	71	27	structure	structure	NOUN
fsr-3816	71	28	.	.	PUNCT
fsr-3816	72	1	therefore	therefore	ADV
fsr-3816	72	2	,	,	PUNCT
fsr-3816	72	3	the	the	DET
fsr-3816	72	4	amount	amount	NOUN
fsr-3816	72	5	of	of	ADP
fsr-3816	72	6	debt	debt	NOUN
fsr-3816	72	7	will	will	AUX
fsr-3816	72	8	not	not	PART
fsr-3816	72	9	affect	affect	VERB
fsr-3816	72	10	the	the	DET
fsr-3816	72	11	probability	probability	NOUN
fsr-3816	72	12	or	or	CCONJ
fsr-3816	72	13	the	the	DET
fsr-3816	72	14	costs	cost	NOUN
fsr-3816	72	15	of	of	ADP
fsr-3816	72	16	bankruptcy	bankruptcy	NOUN
fsr-3816	72	17	.	.	PUNCT
fsr-3816	73	1	neither	neither	CCONJ
fsr-3816	73	2	will	will	AUX
fsr-3816	73	3	it	it	PRON
fsr-3816	73	4	affect	affect	VERB
fsr-3816	73	5	the	the	DET
fsr-3816	73	6	net	net	ADJ
fsr-3816	73	7	cash	cash	NOUN
fsr-3816	73	8	flows	flow	NOUN
fsr-3816	73	9	from	from	ADP
fsr-3816	73	10	liquidation	liquidation	NOUN
fsr-3816	73	11	.	.	PUNCT
fsr-3816	74	1	an	an	DET
fsr-3816	74	2	important	important	ADJ
fsr-3816	74	3	feature	feature	NOUN
fsr-3816	74	4	of	of	ADP
fsr-3816	74	5	this	this	DET
fsr-3816	74	6	line	line	NOUN
fsr-3816	74	7	of	of	ADP
fsr-3816	74	8	reasoning	reasoning	NOUN
fsr-3816	74	9	is	be	AUX
fsr-3816	74	10	that	that	SCONJ
fsr-3816	74	11	when	when	SCONJ
fsr-3816	74	12	there	there	PRON
fsr-3816	74	13	is	be	VERB
fsr-3816	74	14	a	a	DET
fsr-3816	74	15	lack	lack	NOUN
fsr-3816	74	16	of	of	ADP
fsr-3816	74	17	agreement	agreement	NOUN
fsr-3816	74	18	between	between	ADP
fsr-3816	74	19	the	the	DET
fsr-3816	74	20	shareholders	shareholder	NOUN
fsr-3816	74	21	and	and	CCONJ
fsr-3816	74	22	the	the	DET
fsr-3816	74	23	creditors	creditor	NOUN
fsr-3816	74	24	,	,	PUNCT
fsr-3816	74	25	the	the	DET
fsr-3816	74	26	former	former	ADJ
fsr-3816	74	27	can	can	AUX
fsr-3816	74	28	buy	buy	VERB
fsr-3816	74	29	out	out	ADP
fsr-3816	74	30	(	(	PUNCT
fsr-3816	74	31	take	take	VERB
fsr-3816	74	32	over	over	ADP
fsr-3816	74	33	)	)	PUNCT
fsr-3816	74	34	the	the	DET
fsr-3816	74	35	latter	latter	ADJ
fsr-3816	74	36	,	,	PUNCT
fsr-3816	74	37	or	or	CCONJ
fsr-3816	74	38	vice	vice	NOUN
fsr-3816	74	39	versa	versa	ADV
fsr-3816	74	40	,	,	PUNCT
fsr-3816	74	41	in	in	ADP
fsr-3816	74	42	order	order	NOUN
fsr-3816	74	43	to	to	PART
fsr-3816	74	44	liquidate	liquidate	VERB
fsr-3816	74	45	if	if	SCONJ
fsr-3816	74	46	the	the	DET
fsr-3816	74	47	net	net	ADJ
fsr-3816	74	48	liquidation	liquidation	NOUN
fsr-3816	74	49	value	value	NOUN
fsr-3816	74	50	exceeds	exceed	VERB
fsr-3816	74	51	the	the	DET
fsr-3816	74	52	going	go	VERB
fsr-3816	74	53	concern	concern	NOUN
fsr-3816	74	54	value	value	NOUN
fsr-3816	74	55	.	.	PUNCT
fsr-3816	75	1	even	even	ADV
fsr-3816	75	2	if	if	SCONJ
fsr-3816	75	3	one	one	NUM
fsr-3816	75	4	assumes	assume	VERB
fsr-3816	75	5	that	that	SCONJ
fsr-3816	75	6	haugen	haugen	PROPN
fsr-3816	75	7	and	and	CCONJ
fsr-3816	75	8	senbet	senbet	PROPN
fsr-3816	75	9	are	be	AUX
fsr-3816	75	10	correct	correct	ADJ
fsr-3816	75	11	to	to	PART
fsr-3816	75	12	conclude	conclude	VERB
fsr-3816	75	13	that	that	PRON
fsr-3816	75	14	corporate	corporate	ADJ
fsr-3816	75	15	bankruptcy	bankruptcy	NOUN
fsr-3816	75	16	costs	cost	NOUN
fsr-3816	75	17	are	be	AUX
fsr-3816	75	18	irrelevant	irrelevant	ADJ
fsr-3816	75	19	(	(	PUNCT
fsr-3816	75	20	see	see	VERB
fsr-3816	75	21	titman	titman	NOUN
fsr-3816	75	22	,	,	PUNCT
fsr-3816	75	23	1984	1984	NUM
fsr-3816	75	24	,	,	PUNCT
fsr-3816	75	25	for	for	ADP
fsr-3816	75	26	an	an	DET
fsr-3816	75	27	argument	argument	NOUN
fsr-3816	75	28	otherwise	otherwise	ADV
fsr-3816	75	29	)	)	PUNCT
fsr-3816	75	30	,	,	PUNCT
fsr-3816	75	31	the	the	DET
fsr-3816	75	32	follow	follow	VERB
fsr-3816	75	33	ing	ing	ADJ
fsr-3816	75	34	factors	factor	NOUN
fsr-3816	75	35	preclude	preclude	VERB
fsr-3816	75	36	the	the	DET
fsr-3816	75	37	possibility	possibility	NOUN
fsr-3816	75	38	of	of	ADP
fsr-3816	75	39	drawing	draw	VERB
fsr-3816	75	40	such	such	ADJ
fsr-3816	75	41	conclusions	conclusion	NOUN
fsr-3816	75	42	for	for	ADP
fsr-3816	75	43	personal	personal	ADJ
fsr-3816	75	44	bankruptcy	bankruptcy	NOUN
fsr-3816	75	45	costs	cost	NOUN
fsr-3816	75	46	:	:	PUNCT
fsr-3816	75	47	i.	i.	PROPN
fsr-3816	75	48	informational	informational	PROPN
fsr-3816	75	49	asymmetry	asymmetry	PROPN
fsr-3816	75	50	.	.	PUNCT
fsr-3816	76	1	this	this	PRON
fsr-3816	76	2	is	be	AUX
fsr-3816	76	3	a	a	DET
fsr-3816	76	4	more	more	ADV
fsr-3816	76	5	serious	serious	ADJ
fsr-3816	76	6	problem	problem	NOUN
fsr-3816	76	7	in	in	ADP
fsr-3816	76	8	personal	personal	ADJ
fsr-3816	76	9	lending	lending	NOUN
fsr-3816	76	10	as	as	SCONJ
fsr-3816	76	11	personal	personal	ADJ
fsr-3816	76	12	assets	asset	NOUN
fsr-3816	76	13	tend	tend	VERB
fsr-3816	76	14	to	to	PART
fsr-3816	76	15	be	be	AUX
fsr-3816	76	16	more	more	ADV
fsr-3816	76	17	difficult	difficult	ADJ
fsr-3816	76	18	to	to	PART
fsr-3816	76	19	value	value	VERB
fsr-3816	76	20	and	and	CCONJ
fsr-3816	76	21	monitor	monitor	VERB
fsr-3816	76	22	.	.	PUNCT
fsr-3816	77	1	the	the	DET
fsr-3816	77	2	lender	lender	NOUN
fsr-3816	77	3	will	will	AUX
fsr-3816	77	4	persod	persod	PROPN
fsr-3816	77	5	bankruptcy	bankruptcy	NOUN
fsr-3816	77	6	costs	cost	NOUN
fsr-3816	77	7	81	81	NUM
fsr-3816	77	8	have	have	VERB
fsr-3816	77	9	a	a	DET
fsr-3816	77	10	more	more	ADV
fsr-3816	77	11	difficult	difficult	ADJ
fsr-3816	77	12	time	time	NOUN
fsr-3816	77	13	in	in	ADP
fsr-3816	77	14	deciding	decide	VERB
fsr-3816	77	15	when	when	SCONJ
fsr-3816	77	16	to	to	PART
fsr-3816	77	17	liquidate	liquidate	VERB
fsr-3816	77	18	personal	personal	ADJ
fsr-3816	77	19	assets	asset	NOUN
fsr-3816	77	20	that	that	PRON
fsr-3816	77	21	are	be	AUX
fsr-3816	77	22	pledged	pledge	VERB
fsr-3816	77	23	,	,	PUNCT
fsr-3816	77	24	that	that	ADV
fsr-3816	77	25	is	is	ADV
fsr-3816	77	26	,	,	PUNCT
fsr-3816	77	27	there	there	PRON
fsr-3816	77	28	are	be	VERB
fsr-3816	77	29	costs	cost	NOUN
fsr-3816	77	30	from	from	ADP
fsr-3816	77	31	premature	premature	ADJ
fsr-3816	77	32	liquidation	liquidation	NOUN
fsr-3816	77	33	.	.	PUNCT
fsr-3816	78	1	2	2	X
fsr-3816	78	2	.	.	X
fsr-3816	78	3	moral	moral	ADJ
fsr-3816	78	4	hazard	hazard	NOUN
fsr-3816	78	5	.	.	PUNCT
fsr-3816	79	1	when	when	SCONJ
fsr-3816	79	2	facing	face	VERB
fsr-3816	79	3	imminent	imminent	ADJ
fsr-3816	79	4	b	b	PROPN
fsr-3816	79	5	~	~	NOUN
fsr-3816	79	6	ptcy	ptcy	NOUN
fsr-3816	79	7	,	,	PUNCT
fsr-3816	79	8	the	the	DET
fsr-3816	79	9	personal	personal	ADJ
fsr-3816	79	10	borrower	borrower	NOUN
fsr-3816	79	11	may	may	AUX
fsr-3816	79	12	decide	decide	VERB
fsr-3816	79	13	to	to	PART
fsr-3816	79	14	spend	spend	VERB
fsr-3816	79	15	the	the	DET
fsr-3816	79	16	to	to	PART
fsr-3816	79	17	-	-	PUNCT
fsr-3816	79	18	be	be	AUX
fsr-3816	79	19	-	-	PUNCT
fsr-3816	79	20	allocated	allocate	VERB
fsr-3816	79	21	share	share	NOUN
fsr-3816	79	22	of	of	ADP
fsr-3816	79	23	the	the	DET
fsr-3816	79	24	lender	lender	NOUN
fsr-3816	79	25	(	(	PUNCT
fsr-3816	79	26	in	in	ADP
fsr-3816	79	27	part	part	NOUN
fsr-3816	79	28	or	or	CCONJ
fsr-3816	79	29	wholly	wholly	ADV
fsr-3816	79	30	)	)	PUNCT
fsr-3816	79	31	before	before	ADP
fsr-3816	79	32	declaring	declare	VERB
fsr-3816	79	33	bankruptcy	bankruptcy	NOUN
fsr-3816	79	34	.	.	PUNCT
fsr-3816	80	1	3	3	X
fsr-3816	80	2	.	.	X
fsr-3816	80	3	the	the	DET
fsr-3816	80	4	lender	lender	NOUN
fsr-3816	80	5	’s	’s	PART
fsr-3816	80	6	limited	limited	ADJ
fsr-3816	80	7	ability	ability	NOUN
fsr-3816	80	8	to	to	PART
fsr-3816	80	9	garnish	garnish	VERB
fsr-3816	80	10	future	future	ADJ
fsr-3816	80	11	income	income	NOUN
fsr-3816	80	12	of	of	ADP
fsr-3816	80	13	the	the	DET
fsr-3816	80	14	borrower	borrower	NOUN
fsr-3816	80	15	implies	imply	VERB
fsr-3816	80	16	that	that	SCONJ
fsr-3816	80	17	for	for	ADP
fsr-3816	80	18	debtors	debtor	NOUN
fsr-3816	80	19	who	who	PRON
fsr-3816	80	20	have	have	VERB
fsr-3816	80	21	limited	limit	VERB
fsr-3816	80	22	assets	asset	NOUN
fsr-3816	80	23	-	-	PUNCT
fsr-3816	80	24	in	in	ADP
fsr-3816	80	25	-	-	PUNCT
fsr-3816	80	26	place	place	NOUN
fsr-3816	80	27	but	but	CCONJ
fsr-3816	80	28	high	high	ADJ
fsr-3816	80	29	expected	expect	VERB
fsr-3816	80	30	future	future	ADJ
fsr-3816	80	31	income	income	NOUN
fsr-3816	80	32	,	,	PUNCT
fsr-3816	80	33	liquidation	liquidation	NOUN
fsr-3816	80	34	is	be	AUX
fsr-3816	80	35	almost	almost	ADV
fsr-3816	80	36	never	never	ADV
fsr-3816	80	37	the	the	DET
fsr-3816	80	38	preferred	preferred	ADJ
fsr-3816	80	39	alternative	alternative	NOUN
fsr-3816	80	40	.	.	PUNCT
fsr-3816	81	1	this	this	PRON
fsr-3816	81	2	holds	hold	VERB
fsr-3816	81	3	because	because	SCONJ
fsr-3816	81	4	value	value	NOUN
fsr-3816	81	5	at	at	ADP
fsr-3816	81	6	liquidation	liquidation	NOUN
fsr-3816	81	7	(	(	PUNCT
fsr-3816	81	8	a	a	DET
fsr-3816	81	9	function	function	NOUN
fsr-3816	81	10	of	of	ADP
fsr-3816	81	11	in	in	ADP
fsr-3816	81	12	-	-	PUNCT
fsr-3816	81	13	place	place	NOUN
fsr-3816	81	14	assets	asset	NOUN
fsr-3816	81	15	)	)	PUNCT
fsr-3816	81	16	is	be	AUX
fsr-3816	81	17	always	always	ADV
fsr-3816	81	18	less	less	ADJ
fsr-3816	81	19	than	than	ADP
fsr-3816	81	20	the	the	DET
fsr-3816	81	21	value	value	NOUN
fsr-3816	81	22	of	of	ADP
fsr-3816	81	23	the	the	DET
fsr-3816	81	24	person	person	NOUN
fsr-3816	81	25	’s	’s	PART
fsr-3816	81	26	lifetime	lifetime	NOUN
fsr-3816	81	27	income	income	NOUN
fsr-3816	81	28	(	(	PUNCT
fsr-3816	81	29	a	a	DET
fsr-3816	81	30	function	function	NOUN
fsr-3816	81	31	of	of	ADP
fsr-3816	81	32	future	future	ADJ
fsr-3816	81	33	income	income	NOUN
fsr-3816	81	34	)	)	PUNCT
fsr-3816	81	35	.	.	PUNCT
fsr-3816	82	1	the	the	DET
fsr-3816	82	2	limited	limited	ADJ
fsr-3816	82	3	abil	abil	ADJ
fsr-3816	82	4	ity	ity	PROPN
fsr-3816	82	5	to	to	PART
fsr-3816	82	6	garnish	garnish	VERB
fsr-3816	82	7	future	future	ADJ
fsr-3816	82	8	income	income	NOUN
fsr-3816	82	9	may	may	AUX
fsr-3816	82	10	indeed	indeed	ADV
fsr-3816	82	11	create	create	VERB
fsr-3816	82	12	an	an	DET
fsr-3816	82	13	incentive	incentive	NOUN
fsr-3816	82	14	for	for	SCONJ
fsr-3816	82	15	these	these	DET
fsr-3816	82	16	individuals	individual	NOUN
fsr-3816	82	17	to	to	PART
fsr-3816	82	18	declare	declare	VERB
fsr-3816	82	19	personal	personal	ADJ
fsr-3816	82	20	bankruptcy	bankruptcy	NOUN
fsr-3816	82	21	,	,	PUNCT
fsr-3816	82	22	especially	especially	ADV
fsr-3816	82	23	if	if	SCONJ
fsr-3816	82	24	they	they	PRON
fsr-3816	82	25	can	can	AUX
fsr-3816	82	26	utilize	utilize	VERB
fsr-3816	82	27	the	the	DET
fsr-3816	82	28	exemptions	exemption	NOUN
fsr-3816	82	29	provided	provide	VERB
fsr-3816	82	30	in	in	ADP
fsr-3816	82	31	the	the	DET
fsr-3816	82	32	bankruptcy	bankruptcy	NOUN
fsr-3816	82	33	code.3	code.3	PROPN
fsr-3816	82	34	these	these	DET
fsr-3816	82	35	exemptions	exemption	NOUN
fsr-3816	82	36	provide	provide	VERB
fsr-3816	82	37	for	for	ADP
fsr-3816	82	38	the	the	DET
fsr-3816	82	39	discharge	discharge	NOUN
fsr-3816	82	40	of	of	ADP
fsr-3816	82	41	debts	debt	NOUN
fsr-3816	82	42	and	and	CCONJ
fsr-3816	82	43	retention	retention	NOUN
fsr-3816	82	44	of	of	ADP
fsr-3816	82	45	many	many	ADJ
fsr-3816	82	46	assets	asset	NOUN
fsr-3816	82	47	and	and	CCONJ
fsr-3816	82	48	can	can	AUX
fsr-3816	82	49	move	move	VERB
fsr-3816	82	50	an	an	DET
fsr-3816	82	51	individual	individual	NOUN
fsr-3816	82	52	from	from	ADP
fsr-3816	82	53	negative	negative	ADJ
fsr-3816	82	54	to	to	ADP
fsr-3816	82	55	a	a	DET
fsr-3816	82	56	positive	positive	ADJ
fsr-3816	82	57	net	net	NOUN
fsr-3816	82	58	worth	worth	ADJ
fsr-3816	82	59	position.4	position.4	NOUN
fsr-3816	82	60	overall	overall	ADV
fsr-3816	82	61	,	,	PUNCT
fsr-3816	82	62	the	the	DET
fsr-3816	82	63	use	use	NOUN
fsr-3816	82	64	of	of	ADP
fsr-3816	82	65	debt	debt	NOUN
fsr-3816	82	66	may	may	AUX
fsr-3816	82	67	change	change	VERB
fsr-3816	82	68	the	the	DET
fsr-3816	82	69	proba	proba	NOUN
fsr-3816	82	70	bility	bility	NOUN
fsr-3816	82	71	of	of	ADP
fsr-3816	82	72	bankruptcy	bankruptcy	NOUN
fsr-3816	82	73	and	and	CCONJ
fsr-3816	82	74	,	,	PUNCT
fsr-3816	82	75	considering	consider	VERB
fsr-3816	82	76	the	the	DET
fsr-3816	82	77	moral	moral	ADJ
fsr-3816	82	78	hazard	hazard	NOUN
fsr-3816	82	79	problem	problem	NOUN
fsr-3816	82	80	,	,	PUNCT
fsr-3816	82	81	value	value	NOUN
fsr-3816	82	82	at	at	ADP
fsr-3816	82	83	liqui	liqui	NOUN
fsr-3816	82	84	dation	dation	NOUN
fsr-3816	82	85	as	as	ADV
fsr-3816	82	86	well	well	ADV
fsr-3816	82	87	.	.	PUNCT
fsr-3816	83	1	4	4	X
fsr-3816	83	2	.	.	X
fsr-3816	83	3	human	human	ADJ
fsr-3816	83	4	capital	capital	NOUN
fsr-3816	83	5	is	be	AUX
fsr-3816	83	6	a	a	DET
fsr-3816	83	7	non	non	ADJ
fsr-3816	83	8	-	-	ADJ
fsr-3816	83	9	tradeable	tradeable	ADJ
fsr-3816	83	10	asset	asset	NOUN
fsr-3816	83	11	and	and	CCONJ
fsr-3816	83	12	as	as	ADP
fsr-3816	83	13	such	such	ADJ
fsr-3816	83	14	haugen	haugen	PROPN
fsr-3816	83	15	and	and	CCONJ
fsr-3816	83	16	senbet	senbet	PROPN
fsr-3816	83	17	’s	’s	PART
fsr-3816	83	18	take	take	VERB
fsr-3816	83	19	over	over	ADP
fsr-3816	83	20	argument	argument	NOUN
fsr-3816	83	21	can	can	AUX
fsr-3816	83	22	not	not	PART
fsr-3816	83	23	be	be	AUX
fsr-3816	83	24	evoked	evoke	VERB
fsr-3816	83	25	.	.	PUNCT
fsr-3816	84	1	even	even	ADV
fsr-3816	84	2	if	if	SCONJ
fsr-3816	84	3	it	it	PRON
fsr-3816	84	4	were	be	AUX
fsr-3816	84	5	possible	possible	ADJ
fsr-3816	84	6	to	to	PART
fsr-3816	84	7	take	take	VERB
fsr-3816	84	8	over	over	ADP
fsr-3816	84	9	a	a	DET
fsr-3816	84	10	person	person	NOUN
fsr-3816	84	11	due	due	ADP
fsr-3816	84	12	to	to	ADP
fsr-3816	84	13	his	his	PRON
fsr-3816	84	14	diminished	diminished	ADJ
fsr-3816	84	15	incentive	incentive	NOUN
fsr-3816	84	16	to	to	PART
fsr-3816	84	17	work	work	VERB
fsr-3816	84	18	(	(	PUNCT
fsr-3816	84	19	e.g.	e.g.	ADV
fsr-3816	84	20	,	,	PUNCT
fsr-3816	84	21	see	see	VERB
fsr-3816	84	22	rea	rea	PROPN
fsr-3816	84	23	,	,	PUNCT
fsr-3816	84	24	1984	1984	NUM
fsr-3816	84	25	)	)	PUNCT
fsr-3816	84	26	,	,	PUNCT
fsr-3816	84	27	the	the	DET
fsr-3816	84	28	value	value	NOUN
fsr-3816	84	29	of	of	ADP
fsr-3816	84	30	his	his	PRON
fsr-3816	84	31	future	future	ADJ
fsr-3816	84	32	income	income	NOUN
fsr-3816	84	33	will	will	AUX
fsr-3816	84	34	be	be	AUX
fsr-3816	84	35	significantly	significantly	ADV
fsr-3816	84	36	less	less	ADJ
fsr-3816	84	37	than	than	ADP
fsr-3816	84	38	the	the	DET
fsr-3816	84	39	corresponding	corresponding	ADJ
fsr-3816	84	40	value	value	NOUN
fsr-3816	84	41	if	if	SCONJ
fsr-3816	84	42	his	his	PRON
fsr-3816	84	43	future	future	ADJ
fsr-3816	84	44	income	income	NOUN
fsr-3816	84	45	were	be	AUX
fsr-3816	84	46	100	100	NUM
fsr-3816	84	47	%	%	NOUN
fsr-3816	84	48	self	self	NOUN
fsr-3816	84	49	-	-	PUNCT
fsr-3816	84	50	owned	own	VERB
fsr-3816	84	51	.	.	PUNCT
fsr-3816	85	1	5	5	X
fsr-3816	85	2	.	.	X
fsr-3816	85	3	finally	finally	ADV
fsr-3816	85	4	,	,	PUNCT
fsr-3816	85	5	in	in	ADP
fsr-3816	85	6	contrast	contrast	NOUN
fsr-3816	85	7	to	to	ADP
fsr-3816	85	8	the	the	DET
fsr-3816	85	9	corporate	corporate	ADJ
fsr-3816	85	10	case	case	NOUN
fsr-3816	85	11	,	,	PUNCT
fsr-3816	85	12	there	there	PRON
fsr-3816	85	13	are	be	VERB
fsr-3816	85	14	no	no	DET
fsr-3816	85	15	circumstances	circumstance	NOUN
fsr-3816	85	16	under	under	ADP
fsr-3816	85	17	which	which	PRON
fsr-3816	85	18	a	a	DET
fsr-3816	85	19	rational	rational	ADJ
fsr-3816	85	20	person	person	NOUN
fsr-3816	85	21	would	would	AUX
fsr-3816	85	22	self	self	NOUN
fsr-3816	85	23	liquidate	liquidate	VERB
fsr-3816	85	24	at	at	ADP
fsr-3816	85	25	zero	zero	NUM
fsr-3816	85	26	debt	debt	NOUN
fsr-3816	85	27	.	.	PUNCT
fsr-3816	86	1	therefore	therefore	ADV
fsr-3816	86	2	,	,	PUNCT
fsr-3816	86	3	the	the	DET
fsr-3816	86	4	assumption	assumption	NOUN
fsr-3816	86	5	of	of	ADP
fsr-3816	86	6	the	the	DET
fsr-3816	86	7	irrelevance	irrelevance	NOUN
fsr-3816	86	8	of	of	ADP
fsr-3816	86	9	personal	personal	ADJ
fsr-3816	86	10	bankruptcy	bankruptcy	NOUN
fsr-3816	86	11	costs	cost	NOUN
fsr-3816	86	12	is	be	AUX
fsr-3816	86	13	not	not	PART
fsr-3816	86	14	a	a	DET
fsr-3816	86	15	tenable	tenable	ADJ
fsr-3816	86	16	one	one	NOUN
fsr-3816	86	17	even	even	ADV
fsr-3816	86	18	if	if	SCONJ
fsr-3816	86	19	one	one	NOUN
fsr-3816	86	20	accepts	accept	VERB
fsr-3816	86	21	the	the	DET
fsr-3816	86	22	argument	argument	NOUN
fsr-3816	86	23	that	that	SCONJ
fsr-3816	86	24	corporate	corporate	ADJ
fsr-3816	86	25	bankruptcy	bankruptcy	NOUN
fsr-3816	86	26	costs	cost	NOUN
fsr-3816	86	27	are	be	AUX
fsr-3816	86	28	irrelevant	irrelevant	ADJ
fsr-3816	86	29	.	.	PUNCT
fsr-3816	87	1	figure	figure	NOUN
fsr-3816	87	2	1	1	NUM
fsr-3816	87	3	depicts	depict	VERB
fsr-3816	87	4	miller	miller	PROPN
fsr-3816	87	5	’s	’s	PART
fsr-3816	87	6	model	model	NOUN
fsr-3816	87	7	.	.	PUNCT
fsr-3816	88	1	if	if	SCONJ
fsr-3816	88	2	we	we	PRON
fsr-3816	88	3	now	now	ADV
fsr-3816	88	4	allow	allow	VERB
fsr-3816	88	5	for	for	ADP
fsr-3816	88	6	the	the	DET
fsr-3816	88	7	presence	presence	NOUN
fsr-3816	88	8	of	of	ADP
fsr-3816	88	9	corporate	corporate	ADJ
fsr-3816	88	10	bank	bank	NOUN
fsr-3816	88	11	ruptcy	ruptcy	NOUN
fsr-3816	88	12	costs	cost	NOUN
fsr-3816	88	13	,	,	PUNCT
fsr-3816	88	14	the	the	DET
fsr-3816	88	15	supply	supply	NOUN
fsr-3816	88	16	curve	curve	NOUN
fsr-3816	88	17	for	for	ADP
fsr-3816	88	18	corporate	corporate	ADJ
fsr-3816	88	19	debt	debt	NOUN
fsr-3816	88	20	will	will	AUX
fsr-3816	88	21	no	no	ADV
fsr-3816	88	22	longer	long	ADV
fsr-3816	88	23	remain	remain	VERB
fsr-3816	88	24	horizontal	horizontal	ADJ
fsr-3816	88	25	and	and	CCONJ
fsr-3816	88	26	will	will	AUX
fsr-3816	88	27	become	become	VERB
fsr-3816	88	28	downward	downward	ADJ
fsr-3816	88	29	sloping	sloping	NOUN
fsr-3816	88	30	.	.	PUNCT
fsr-3816	89	1	thus	thus	ADV
fsr-3816	89	2	,	,	PUNCT
fsr-3816	89	3	as	as	SCONJ
fsr-3816	89	4	shown	show	VERB
fsr-3816	89	5	in	in	ADP
fsr-3816	89	6	figure	figure	NOUN
fsr-3816	89	7	2	2	NUM
fsr-3816	89	8	,	,	PUNCT
fsr-3816	89	9	a	a	DET
fsr-3816	89	10	lower	low	ADJ
fsr-3816	89	11	aggregate	aggregate	ADJ
fsr-3816	89	12	level	level	NOUN
fsr-3816	89	13	of	of	ADP
fsr-3816	89	14	debt	debt	NOUN
fsr-3816	89	15	is	be	AUX
fsr-3816	89	16	achieved	achieve	VERB
fsr-3816	89	17	.	.	PUNCT
fsr-3816	90	1	more	more	ADV
fsr-3816	90	2	irn~~~tly	irn~~~tly	ADV
fsr-3816	90	3	,	,	PUNCT
fsr-3816	90	4	as	as	ADV
fsr-3816	90	5	long	long	ADV
fsr-3816	90	6	as	as	ADP
fsr-3816	90	7	corporate	corporate	ADJ
fsr-3816	90	8	ba	ba	PROPN
fsr-3816	90	9	~	~	NOUN
fsr-3816	90	10	ptcy	ptcy	NOUN
fsr-3816	90	11	cost	cost	NOUN
fsr-3816	90	12	functions	function	NOUN
fsr-3816	90	13	are	be	AUX
fsr-3816	90	14	non	non	ADJ
fsr-3816	90	15	-	-	ADJ
fsr-3816	90	16	uni	uni	ADJ
fsr-3816	90	17	form	form	NOUN
fsr-3816	90	18	,	,	PUNCT
fsr-3816	90	19	there	there	PRON
fsr-3816	90	20	would	would	AUX
fsr-3816	90	21	be	be	AUX
fsr-3816	90	22	an	an	DET
fsr-3816	90	23	interior	interior	ADJ
fsr-3816	90	24	solution	solution	NOUN
fsr-3816	90	25	for	for	ADP
fsr-3816	90	26	each	each	DET
fsr-3816	90	27	firm	firm	NOUN
fsr-3816	90	28	.	.	PUNCT
fsr-3816	91	1	if	if	SCONJ
fsr-3816	91	2	we	we	PRON
fsr-3816	91	3	next	next	ADV
fsr-3816	91	4	introduce	introduce	VERB
fsr-3816	91	5	the	the	DET
fsr-3816	91	6	possibility	possibility	NOUN
fsr-3816	91	7	of	of	ADP
fsr-3816	91	8	personal	personal	ADJ
fsr-3816	91	9	borrowing	borrowing	NOUN
fsr-3816	91	10	(	(	PUNCT
fsr-3816	91	11	home	home	NOUN
fsr-3816	91	12	made	make	VERB
fsr-3816	91	13	leverage	leverage	NOUN
fsr-3816	91	14	)	)	PUNCT
fsr-3816	91	15	and	and	CCONJ
fsr-3816	91	16	further	far	ADV
fsr-3816	91	17	allow	allow	VERB
fsr-3816	91	18	for	for	ADP
fsr-3816	91	19	the	the	DET
fsr-3816	91	20	presence	presence	NOUN
fsr-3816	91	21	of	of	ADP
fsr-3816	91	22	personal	personal	ADJ
fsr-3816	91	23	bankruptcy	bankruptcy	NOUN
fsr-3816	91	24	costs	cost	NOUN
fsr-3816	91	25	,	,	PUNCT
fsr-3816	91	26	the	the	DET
fsr-3816	91	27	demand	demand	NOUN
fsr-3816	91	28	curve	curve	NOUN
fsr-3816	91	29	for	for	ADP
fsr-3816	91	30	corporate	corporate	ADJ
fsr-3816	91	31	debt	debt	NOUN
fsr-3816	91	32	will	will	AUX
fsr-3816	91	33	shift	shift	VERB
fsr-3816	91	34	to	to	ADP
fsr-3816	91	35	the	the	DET
fsr-3816	91	36	right	right	NOUN
fsr-3816	91	37	.	.	PUNCT
fsr-3816	92	1	as	as	ADP
fsr-3816	92	2	a	a	DET
fsr-3816	92	3	result	result	NOUN
fsr-3816	92	4	,	,	PUNCT
fsr-3816	92	5	a	a	DET
fsr-3816	92	6	higher	high	ADJ
fsr-3816	92	7	level	level	NOUN
fsr-3816	92	8	of	of	ADP
fsr-3816	92	9	aggregate	aggregate	ADJ
fsr-3816	92	10	debt	debt	NOUN
fsr-3816	92	11	is	be	AUX
fsr-3816	92	12	achieved	achieve	VERB
fsr-3816	92	13	.	.	PUNCT
fsr-3816	93	1	this	this	PRON
fsr-3816	93	2	is	be	AUX
fsr-3816	93	3	shown	show	VERB
fsr-3816	93	4	in	in	ADP
fsr-3816	93	5	figure	figure	NOUN
fsr-3816	93	6	3	3	NUM
fsr-3816	93	7	.	.	PUNCT
fsr-3816	94	1	at	at	ADP
fsr-3816	94	2	the	the	DET
fsr-3816	94	3	firm	firm	NOUN
fsr-3816	94	4	and	and	CCONJ
fsr-3816	94	5	at	at	ADP
fsr-3816	94	6	the	the	DET
fsr-3816	94	7	individual	individual	ADJ
fsr-3816	94	8	level	level	NOUN
fsr-3816	94	9	the	the	DET
fsr-3816	94	10	situations	situation	NOUN
fsr-3816	94	11	are	be	AUX
fsr-3816	94	12	more	more	ADV
fsr-3816	94	13	complicated	complicated	ADJ
fsr-3816	94	14	.	.	PUNCT
fsr-3816	95	1	since	since	SCONJ
fsr-3816	95	2	bc	bc	PROPN
fsr-3816	95	3	is	be	AUX
fsr-3816	95	4	firm	firm	ADJ
fsr-3816	95	5	-	-	PUNCT
fsr-3816	95	6	specific	specific	ADJ
fsr-3816	95	7	and	and	CCONJ
fsr-3816	95	8	bp	bp	PROPN
fsr-3816	95	9	is	be	AUX
fsr-3816	95	10	individual	individual	ADJ
fsr-3816	95	11	-	-	PUNCT
fsr-3816	95	12	speci	speci	ADJ
fsr-3816	95	13	~	~	NOUN
fsr-3816	95	14	c	c	NOUN
fsr-3816	95	15	,	,	PUNCT
fsr-3816	95	16	there	there	PRON
fsr-3816	95	17	will	will	AUX
fsr-3816	95	18	be	be	AUX
fsr-3816	95	19	matching	match	VERB
fsr-3816	95	20	among	among	ADP
fsr-3816	95	21	firms	firm	NOUN
fsr-3816	95	22	and	and	CCONJ
fsr-3816	95	23	individuals	individual	NOUN
fsr-3816	95	24	such	such	ADJ
fsr-3816	95	25	that	that	SCONJ
fsr-3816	95	26	a	a	DET
fsr-3816	95	27	clien	clien	NOUN
fsr-3816	95	28	tele	tele	PROPN
fsr-3816	95	29	model	model	NOUN
fsr-3816	95	30	may	may	AUX
fsr-3816	95	31	emerge	emerge	VERB
fsr-3816	95	32	.	.	PUNCT
fsr-3816	96	1	b.	b.	PROPN
fsr-3816	97	1	a	a	DET
fsr-3816	97	2	clientele	clientele	PROPN
fsr-3816	97	3	model	model	NOUN
fsr-3816	97	4	of	of	ADP
fsr-3816	97	5	investment	investment	NOUN
fsr-3816	97	6	-	-	PUNCT
fsr-3816	97	7	borrowing	borrowing	NOUN
fsr-3816	97	8	an	an	DET
fsr-3816	97	9	alternative	alternative	ADJ
fsr-3816	97	10	assumption	assumption	NOUN
fsr-3816	97	11	associated	associate	VERB
fsr-3816	97	12	with	with	ADP
fsr-3816	97	13	disregarding	disregard	VERB
fsr-3816	97	14	the	the	DET
fsr-3816	97	15	personal	personal	ADJ
fsr-3816	97	16	bankruptcy	bankruptcy	NOUN
fsr-3816	97	17	costs	cost	NOUN
fsr-3816	97	18	is	be	AUX
fsr-3816	97	19	that	that	SCONJ
fsr-3816	97	20	they	they	PRON
fsr-3816	97	21	are	be	AUX
fsr-3816	97	22	greater	great	ADJ
fsr-3816	97	23	than	than	ADP
fsr-3816	97	24	corporate	corporate	ADJ
fsr-3816	97	25	bankruptcy	bankruptcy	NOUN
fsr-3816	97	26	costs	cost	NOUN
fsr-3816	97	27	for	for	ADP
fsr-3816	97	28	all	all	DET
fsr-3816	97	29	investors	investor	NOUN
fsr-3816	97	30	at	at	ADP
fsr-3816	97	31	all	all	DET
fsr-3816	97	32	debt	debt	NOUN
fsr-3816	97	33	levels	level	NOUN
fsr-3816	97	34	.	.	PUNCT
fsr-3816	98	1	such	such	DET
fsr-3816	98	2	an	an	DET
fsr-3816	98	3	assumption	assumption	NOUN
fsr-3816	98	4	embodies	embody	VERB
fsr-3816	98	5	implications	implication	NOUN
fsr-3816	98	6	which	which	PRON
fsr-3816	98	7	run	run	VERB
fsr-3816	98	8	counter	counter	ADV
fsr-3816	98	9	to	to	ADP
fsr-3816	98	10	the	the	DET
fsr-3816	98	11	observable	observable	ADJ
fsr-3816	98	12	phenomenon	phenomenon	NOUN
fsr-3816	98	13	of	of	ADP
fsr-3816	98	14	margin	margin	NOUN
fsr-3816	98	15	borrowing	borrowing	NOUN
fsr-3816	98	16	,	,	PUNCT
fsr-3816	98	17	that	that	ADV
fsr-3816	98	18	is	is	ADV
fsr-3816	98	19	,	,	PUNCT
fsr-3816	98	20	personal	personal	ADJ
fsr-3816	98	21	leverage	leverage	NOUN
fsr-3816	98	22	to	to	PART
fsr-3816	98	23	buy	buy	VERB
fsr-3816	98	24	corporate	corporate	ADJ
fsr-3816	98	25	shares	share	NOUN
fsr-3816	98	26	.	.	PUNCT
fsr-3816	99	1	82	82	NUM
fsr-3816	99	2	financial	financial	ADJ
fsr-3816	99	3	services	service	NOUN
fsr-3816	99	4	review	review	VERB
fsr-3816	99	5	6(2	6(2	NUM
fsr-3816	99	6	)	)	PUNCT
fsr-3816	99	7	1997	1997	NUM
fsr-3816	100	1	i	i	PRON
fsr-3816	100	2	i	i	PRON
fsr-3816	101	1	i	i	PRON
fsr-3816	101	2	i	i	PRON
fsr-3816	102	1	i	i	PRON
fsr-3816	102	2	i	i	PRON
fsr-3816	103	1	i	i	PRON
fsr-3816	103	2	i	i	PRON
fsr-3816	104	1	i	i	PRON
fsr-3816	104	2	i	i	PRON
fsr-3816	104	3	dl	dl	AUX
fsr-3816	104	4	figure	figure	NOUN
fsr-3816	104	5	1	1	NUM
fsr-3816	104	6	.	.	PUNCT
fsr-3816	105	1	miller	miller	PROPN
fsr-3816	105	2	’s	’s	PART
fsr-3816	105	3	model	model	NOUN
fsr-3816	105	4	.	.	PUNCT
fsr-3816	106	1	allowing	allow	VERB
fsr-3816	106	2	personal	personal	ADJ
fsr-3816	106	3	bankruptcy	bankruptcy	NOUN
fsr-3816	106	4	costs	cost	NOUN
fsr-3816	106	5	to	to	PART
fsr-3816	106	6	be	be	AUX
fsr-3816	106	7	lower	low	ADJ
fsr-3816	106	8	than	than	ADP
fsr-3816	106	9	corporate	corporate	ADJ
fsr-3816	106	10	bankruptcy	bankruptcy	NOUN
fsr-3816	106	11	costs	cost	NOUN
fsr-3816	106	12	for	for	ADP
fsr-3816	106	13	some	some	DET
fsr-3816	106	14	investors	investor	NOUN
fsr-3816	106	15	would	would	AUX
fsr-3816	106	16	alleviate	alleviate	VERB
fsr-3816	106	17	this	this	DET
fsr-3816	106	18	problem	problem	NOUN
fsr-3816	106	19	.	.	PUNCT
fsr-3816	107	1	formally	formally	ADV
fsr-3816	107	2	,	,	PUNCT
fsr-3816	107	3	we	we	PRON
fsr-3816	107	4	consider	consider	VERB
fsr-3816	107	5	four	four	NUM
fsr-3816	107	6	cases	case	NOUN
fsr-3816	107	7	.	.	PUNCT
fsr-3816	108	1	first	first	ADV
fsr-3816	108	2	,	,	PUNCT
fsr-3816	108	3	in	in	ADP
fsr-3816	108	4	the	the	DET
fsr-3816	108	5	absence	absence	NOUN
fsr-3816	108	6	of	of	ADP
fsr-3816	108	7	tax	tax	NOUN
fsr-3816	108	8	effects	effect	NOUN
fsr-3816	108	9	,	,	PUNCT
fsr-3816	108	10	an	an	DET
fsr-3816	108	11	investor	investor	NOUN
fsr-3816	108	12	whose	whose	DET
fsr-3816	108	13	personal	personal	ADJ
fsr-3816	108	14	bankruptcy	bankruptcy	NOUN
fsr-3816	108	15	costs	cost	NOUN
fsr-3816	108	16	,	,	PUNCT
fsr-3816	108	17	b	b	NOUN
fsr-3816	108	18	,	,	PUNCT
fsr-3816	108	19	,	,	PUNCT
fsr-3816	108	20	,	,	PUNCT
fsr-3816	108	21	is	be	AUX
fsr-3816	108	22	greater	great	ADJ
fsr-3816	108	23	than	than	ADP
fsr-3816	108	24	the	the	DET
fsr-3816	108	25	entire	entire	ADJ
fsr-3816	108	26	range	range	NOUN
fsr-3816	108	27	of	of	ADP
fsr-3816	108	28	corporate	corporate	ADJ
fsr-3816	108	29	bankruptcy	bankruptcy	NOUN
fsr-3816	108	30	costs	cost	NOUN
fsr-3816	108	31	(	(	PUNCT
fsr-3816	108	32	as	as	ADP
fsr-3816	108	33	a	a	DET
fsr-3816	108	34	function	function	NOUN
fsr-3816	108	35	of	of	ADP
fsr-3816	108	36	debt	debt	NOUN
fsr-3816	108	37	sizes	size	NOUN
fsr-3816	108	38	):	):	PUNCT
fsr-3816	108	39	d2	d2	PROPN
fsr-3816	108	40	di	di	PROPN
fsr-3816	108	41	figure	figure	NOUN
fsr-3816	108	42	2	2	NUM
fsr-3816	108	43	.	.	PUNCT
fsr-3816	109	1	the	the	DET
fsr-3816	109	2	combined	combine	VERB
fsr-3816	109	3	effects	effect	NOUN
fsr-3816	109	4	of	of	ADP
fsr-3816	109	5	personal	personal	ADJ
fsr-3816	109	6	taxes	taxis	NOUN
fsr-3816	109	7	,	,	PUNCT
fsr-3816	109	8	corporate	corporate	ADJ
fsr-3816	109	9	taxes	taxis	NOUN
fsr-3816	109	10	,	,	PUNCT
fsr-3816	109	11	and	and	CCONJ
fsr-3816	109	12	corporate	corporate	ADJ
fsr-3816	109	13	bankruptcy	bankruptcy	NOUN
fsr-3816	109	14	costs	cost	NOUN
fsr-3816	109	15	.	.	PUNCT
fsr-3816	110	1	personal	personal	ADJ
fsr-3816	110	2	bankruptcy	bankruptcy	NOUN
fsr-3816	110	3	costs	cost	VERB
fsr-3816	110	4	83	83	NUM
fsr-3816	110	5	d2	d2	PROPN
fsr-3816	110	6	d3	d3	PROPN
fsr-3816	110	7	“	"	PUNCT
fsr-3816	110	8	i	i	PRON
fsr-3816	110	9	figure	figure	VERB
fsr-3816	110	10	3	3	NUM
fsr-3816	110	11	.	.	PUNCT
fsr-3816	111	1	the	the	DET
fsr-3816	111	2	combined	combine	VERB
fsr-3816	111	3	effects	effect	NOUN
fsr-3816	111	4	of	of	ADP
fsr-3816	111	5	personal	personal	ADJ
fsr-3816	111	6	and	and	CCONJ
fsr-3816	111	7	corporate	corporate	ADJ
fsr-3816	111	8	taxes	taxis	NOUN
fsr-3816	111	9	,	,	PUNCT
fsr-3816	111	10	and	and	CCONJ
fsr-3816	111	11	personal	personal	ADJ
fsr-3816	111	12	and	and	CCONJ
fsr-3816	111	13	corporate	corporate	ADJ
fsr-3816	111	14	bankruptcy	bankruptcy	NOUN
fsr-3816	111	15	costs	cost	NOUN
fsr-3816	111	16	.	.	PUNCT
fsr-3816	112	1	would	would	AUX
fsr-3816	112	2	invest	invest	VERB
fsr-3816	112	3	in	in	ADP
fsr-3816	112	4	levered	lever	VERB
fsr-3816	112	5	firms	firm	NOUN
fsr-3816	112	6	and	and	CCONJ
fsr-3816	112	7	refrain	refrain	VERB
fsr-3816	112	8	from	from	ADP
fsr-3816	112	9	personal	personal	ADJ
fsr-3816	112	10	leverage	leverage	NOUN
fsr-3816	112	11	.	.	PUNCT
fsr-3816	113	1	one	one	NUM
fsr-3816	113	2	the	the	DET
fsr-3816	113	3	other	other	ADJ
fsr-3816	113	4	hand	hand	NOUN
fsr-3816	113	5	,	,	PUNCT
fsr-3816	113	6	if	if	SCONJ
fsr-3816	113	7	:	:	PUNCT
fsr-3816	113	8	b,(s	b,(s	X
fsr-3816	113	9	)	)	PUNCT
fsr-3816	113	10	<	<	X
fsr-3816	113	11	b,(s	b,(s	NOUN
fsr-3816	113	12	)	)	PUNCT
fsr-3816	113	13	,	,	PUNCT
fsr-3816	113	14	v	v	X
fsr-3816	113	15	s	s	X
fsr-3816	113	16	(	(	PUNCT
fsr-3816	113	17	6	6	NUM
fsr-3816	113	18	)	)	PUNCT
fsr-3816	113	19	the	the	DET
fsr-3816	113	20	investor	investor	NOUN
fsr-3816	113	21	would	would	AUX
fsr-3816	113	22	buy	buy	VERB
fsr-3816	113	23	the	the	DET
fsr-3816	113	24	shares	share	NOUN
fsr-3816	113	25	of	of	ADP
fsr-3816	113	26	unlevered	unlevered	ADJ
fsr-3816	113	27	firms	firm	NOUN
fsr-3816	113	28	and	and	CCONJ
fsr-3816	113	29	lever	lever	VERB
fsr-3816	113	30	the	the	DET
fsr-3816	113	31	position	position	NOUN
fsr-3816	113	32	up	up	ADP
fsr-3816	113	33	via	via	ADP
fsr-3816	113	34	margin	margin	NOUN
fsr-3816	113	35	.	.	PUNCT
fsr-3816	114	1	other	other	ADJ
fsr-3816	114	2	possibilities	possibility	NOUN
fsr-3816	114	3	are	be	AUX
fsr-3816	114	4	:	:	PUNCT
fsr-3816	114	5	b,(s	b,(s	X
fsr-3816	114	6	)	)	PUNCT
fsr-3816	114	7	>	>	X
fsr-3816	114	8	b&/h	b&/h	X
fsr-3816	115	1	s	s	PART
fsr-3816	115	2	]	]	X
fsr-3816	115	3	c	c	PROPN
fsr-3816	115	4	s	s	PROPN
fsr-3816	115	5	,	,	PUNCT
fsr-3816	115	6	(	(	PUNCT
fsr-3816	115	7	7	7	X
fsr-3816	115	8	)	)	PUNCT
fsr-3816	115	9	where	where	SCONJ
fsr-3816	115	10	the	the	DET
fsr-3816	115	11	investor	investor	NOUN
fsr-3816	115	12	would	would	AUX
fsr-3816	115	13	invest	invest	VERB
fsr-3816	115	14	in	in	ADP
fsr-3816	115	15	levered	levered	ADJ
fsr-3816	115	16	firms	firm	NOUN
fsr-3816	115	17	of	of	ADP
fsr-3816	115	18	debt	debt	NOUN
fsr-3816	115	19	size	size	NOUN
fsr-3816	115	20	s1	s1	NOUN
fsr-3816	115	21	or	or	CCONJ
fsr-3816	115	22	smaller	small	ADJ
fsr-3816	115	23	,	,	PUNCT
fsr-3816	115	24	and	and	CCONJ
fsr-3816	115	25	b,(s	b,(s	X
fsr-3816	115	26	)	)	PUNCT
fsr-3816	115	27	<	<	X
fsr-3816	115	28	b&z	b&z	PROPN
fsr-3816	115	29	)	)	PUNCT
fsr-3816	115	30	,	,	PUNCT
fsr-3816	115	31	s2	s2	NOUN
fsr-3816	115	32	c	c	NOUN
fsr-3816	115	33	s	s	PROPN
fsr-3816	115	34	,	,	PUNCT
fsr-3816	115	35	(	(	PUNCT
fsr-3816	115	36	8)	8)	NUM
fsr-3816	115	37	where	where	SCONJ
fsr-3816	115	38	he	he	PRON
fsr-3816	115	39	/	/	PUNCT
fsr-3816	115	40	she	she	PRON
fsr-3816	115	41	would	would	AUX
fsr-3816	115	42	avoid	avoid	VERB
fsr-3816	115	43	investment	investment	NOUN
fsr-3816	115	44	in	in	ADP
fsr-3816	115	45	levered	levered	ADJ
fsr-3816	115	46	firms	firm	NOUN
fsr-3816	115	47	of	of	ADP
fsr-3816	115	48	debt	debt	NOUN
fsr-3816	115	49	size	size	NOUN
fsr-3816	115	50	s2	s2	NOUN
fsr-3816	115	51	or	or	CCONJ
fsr-3816	115	52	larger	large	ADJ
fsr-3816	115	53	and	and	CCONJ
fsr-3816	115	54	would	would	AUX
fsr-3816	115	55	instead	instead	ADV
fsr-3816	115	56	invest	invest	VERB
fsr-3816	115	57	in	in	ADP
fsr-3816	115	58	unlevered	unlevered	ADJ
fsr-3816	115	59	firms	firm	NOUN
fsr-3816	115	60	via	via	ADP
fsr-3816	115	61	personal	personal	ADJ
fsr-3816	115	62	leverage	leverage	NOUN
fsr-3816	115	63	.	.	PUNCT
fsr-3816	116	1	combining	combine	VERB
fsr-3816	116	2	differential	differential	ADJ
fsr-3816	116	3	taxes	taxis	NOUN
fsr-3816	116	4	and	and	CCONJ
fsr-3816	116	5	bankruptcy	bankruptcy	NOUN
fsr-3816	116	6	costs	cost	NOUN
fsr-3816	116	7	we	we	PRON
fsr-3816	116	8	can	can	AUX
fsr-3816	116	9	arrive	arrive	VERB
fsr-3816	116	10	at	at	ADP
fsr-3816	116	11	a	a	DET
fsr-3816	116	12	general	general	ADJ
fsr-3816	116	13	clientele	clientele	PROPN
fsr-3816	116	14	model	model	NOUN
fsr-3816	116	15	of	of	ADP
fsr-3816	116	16	individual	individual	ADJ
fsr-3816	116	17	investment	investment	NOUN
fsr-3816	116	18	-	-	PUNCT
fsr-3816	116	19	borrowing	borrowing	NOUN
fsr-3816	116	20	decision	decision	NOUN
fsr-3816	116	21	.	.	PUNCT
fsr-3816	117	1	to	to	ADP
fsr-3816	117	2	this	this	DET
fsr-3816	117	3	end	end	NOUN
fsr-3816	117	4	,	,	PUNCT
fsr-3816	117	5	consider	consider	VERB
fsr-3816	117	6	an	an	DET
fsr-3816	117	7	investor	investor	NOUN
fsr-3816	117	8	with	with	ADP
fsr-3816	117	9	a	a	DET
fsr-3816	117	10	universe	universe	NOUN
fsr-3816	117	11	of	of	ADP
fsr-3816	117	12	four	four	NUM
fsr-3816	117	13	investment	investment	NOUN
fsr-3816	117	14	vehicles	vehicle	NOUN
fsr-3816	117	15	to	to	PART
fsr-3816	117	16	choose	choose	VERB
fsr-3816	117	17	from	from	ADP
fsr-3816	117	18	:	:	PUNCT
fsr-3816	117	19	1	1	X
fsr-3816	117	20	.	.	X
fsr-3816	117	21	a	a	DET
fsr-3816	117	22	tax	tax	NOUN
fsr-3816	117	23	-	-	PUNCT
fsr-3816	117	24	exempt	exempt	ADJ
fsr-3816	117	25	bond	bond	NOUN
fsr-3816	117	26	;	;	PUNCT
fsr-3816	117	27	2	2	X
fsr-3816	117	28	.	.	X
fsr-3816	117	29	a	a	DET
fsr-3816	117	30	taxable	taxable	ADJ
fsr-3816	117	31	corporate	corporate	ADJ
fsr-3816	117	32	bond	bond	NOUN
fsr-3816	117	33	;	;	PUNCT
fsr-3816	118	1	3	3	X
fsr-3816	118	2	.	.	X
fsr-3816	119	1	the	the	DET
fsr-3816	119	2	equity	equity	NOUN
fsr-3816	119	3	of	of	ADP
fsr-3816	119	4	an	an	DET
fsr-3816	119	5	unlevered	unlevered	ADJ
fsr-3816	119	6	firm	firm	NOUN
fsr-3816	119	7	;	;	PUNCT
fsr-3816	119	8	4	4	X
fsr-3816	119	9	.	.	X
fsr-3816	120	1	the	the	DET
fsr-3816	120	2	equity	equity	NOUN
fsr-3816	120	3	of	of	ADP
fsr-3816	120	4	a	a	DET
fsr-3816	120	5	levered	lever	VERB
fsr-3816	120	6	firm	firm	NOUN
fsr-3816	120	7	,	,	PUNCT
fsr-3816	120	8	84	84	NUM
fsr-3816	120	9	financial	financial	ADJ
fsr-3816	120	10	services	service	NOUN
fsr-3816	120	11	review	review	VERB
fsr-3816	120	12	6(2	6(2	NUM
fsr-3816	120	13	)	)	PUNCT
fsr-3816	120	14	1997	1997	NUM
fsr-3816	120	15	insofar	insofar	ADV
fsr-3816	120	16	as	as	SCONJ
fsr-3816	120	17	the	the	DET
fsr-3816	120	18	tax	tax	NOUN
fsr-3816	120	19	regime	regime	NOUN
fsr-3816	120	20	is	be	AUX
fsr-3816	120	21	concerned	concern	VERB
fsr-3816	120	22	,	,	PUNCT
fsr-3816	120	23	assume	assume	VERB
fsr-3816	120	24	that	that	SCONJ
fsr-3816	120	25	corporate	corporate	ADJ
fsr-3816	120	26	profits	profit	NOUN
fsr-3816	120	27	after	after	SCONJ
fsr-3816	120	28	interest	interest	NOUN
fsr-3816	120	29	payments	payment	NOUN
fsr-3816	120	30	are	be	AUX
fsr-3816	120	31	taxed	tax	VERB
fsr-3816	120	32	at	at	ADP
fsr-3816	120	33	the	the	DET
fsr-3816	120	34	fc	fc	PROPN
fsr-3816	120	35	rate	rate	NOUN
fsr-3816	120	36	before	before	ADP
fsr-3816	120	37	any	any	DET
fsr-3816	120	38	distributions	distribution	NOUN
fsr-3816	120	39	to	to	ADP
fsr-3816	120	40	the	the	DET
fsr-3816	120	41	shareholders	shareholder	NOUN
fsr-3816	120	42	.	.	PUNCT
fsr-3816	121	1	distributions	distribution	NOUN
fsr-3816	121	2	to	to	ADP
fsr-3816	121	3	the	the	DET
fsr-3816	121	4	share	share	NOUN
fsr-3816	121	5	holders	holder	NOUN
fsr-3816	121	6	can	can	AUX
fsr-3816	121	7	take	take	VERB
fsr-3816	121	8	the	the	DET
fsr-3816	121	9	form	form	NOUN
fsr-3816	121	10	of	of	ADP
fsr-3816	121	11	dividends	dividend	NOUN
fsr-3816	121	12	or	or	CCONJ
fsr-3816	121	13	capital	capital	NOUN
fsr-3816	121	14	gains	gain	NOUN
fsr-3816	121	15	.	.	PUNCT
fsr-3816	122	1	the	the	DET
fsr-3816	122	2	former	former	ADJ
fsr-3816	122	3	is	be	AUX
fsr-3816	122	4	taxed	tax	VERB
fsr-3816	122	5	as	as	ADP
fsr-3816	122	6	ordinary	ordinary	ADJ
fsr-3816	122	7	income	income	NOUN
fsr-3816	122	8	at	at	ADP
fsr-3816	122	9	the	the	DET
fsr-3816	122	10	rate	rate	NOUN
fsr-3816	122	11	tp	tp	X
fsr-3816	122	12	which	which	PRON
fsr-3816	122	13	is	be	AUX
fsr-3816	122	14	not	not	PART
fsr-3816	122	15	lower	low	ADJ
fsr-3816	122	16	than	than	ADP
fsr-3816	122	17	the	the	DET
fsr-3816	122	18	rate	rate	NOUN
fsr-3816	122	19	tg	tg	X
fsr-3816	122	20	at	at	ADP
fsr-3816	122	21	which	which	PRON
fsr-3816	122	22	the	the	DET
fsr-3816	122	23	latter	latter	ADJ
fsr-3816	122	24	is	be	AUX
fsr-3816	122	25	taxed	tax	VERB
fsr-3816	122	26	:	:	PUNCT
fsr-3816	122	27	(	(	PUNCT
fsr-3816	122	28	tp	tp	NOUN
fsr-3816	122	29	2	2	NUM
fsr-3816	122	30	t	t	PROPN
fsr-3816	122	31	&	&	CCONJ
fsr-3816	122	32	.	.	PUNCT
fsr-3816	123	1	the	the	DET
fsr-3816	123	2	investor	investor	NOUN
fsr-3816	123	3	may	may	AUX
fsr-3816	123	4	combine	combine	VERB
fsr-3816	123	5	his	his	PRON
fsr-3816	123	6	investment	investment	NOUN
fsr-3816	123	7	in	in	ADP
fsr-3816	123	8	any	any	PRON
fsr-3816	123	9	of	of	ADP
fsr-3816	123	10	the	the	DET
fsr-3816	123	11	four	four	NUM
fsr-3816	123	12	investment	investment	NOUN
fsr-3816	123	13	alternatives	alternative	NOUN
fsr-3816	123	14	with	with	ADP
fsr-3816	123	15	borrowing	borrowing	NOUN
fsr-3816	123	16	on	on	ADP
fsr-3816	123	17	personal	personal	ADJ
fsr-3816	123	18	account	account	NOUN
fsr-3816	123	19	in	in	ADP
fsr-3816	123	20	which	which	DET
fsr-3816	123	21	case	case	NOUN
fsr-3816	123	22	the	the	DET
fsr-3816	123	23	interest	interest	NOUN
fsr-3816	123	24	paid	pay	VERB
fsr-3816	123	25	would	would	AUX
fsr-3816	123	26	be	be	AUX
fsr-3816	123	27	deductible	deductible	ADJ
fsr-3816	123	28	from	from	ADP
fsr-3816	123	29	his	his	PRON
fsr-3816	123	30	ordinary	ordinary	ADJ
fsr-3816	123	31	income	income	NOUN
fsr-3816	123	32	.	.	PUNCT
fsr-3816	124	1	the	the	DET
fsr-3816	124	2	rate	rate	NOUN
fsr-3816	124	3	of	of	ADP
fsr-3816	124	4	interest	interest	NOUN
fsr-3816	124	5	paid	pay	VERB
fsr-3816	124	6	by	by	ADP
fsr-3816	124	7	any	any	DET
fsr-3816	124	8	borrower	borrower	NOUN
fsr-3816	124	9	,	,	PUNCT
fsr-3816	124	10	be	be	AUX
fsr-3816	124	11	it	it	PRON
fsr-3816	124	12	the	the	DET
fsr-3816	124	13	levered	lever	VERB
fsr-3816	124	14	firm	firm	NOUN
fsr-3816	124	15	or	or	CCONJ
fsr-3816	124	16	the	the	DET
fsr-3816	124	17	individual	individual	ADJ
fsr-3816	124	18	investor	investor	NOUN
fsr-3816	124	19	,	,	PUNCT
fsr-3816	124	20	is	be	AUX
fsr-3816	124	21	determined	determine	VERB
fsr-3816	124	22	by	by	ADP
fsr-3816	124	23	a	a	DET
fsr-3816	124	24	set	set	NOUN
fsr-3816	124	25	of	of	ADP
fsr-3816	124	26	market	market	NOUN
fsr-3816	124	27	-	-	PUNCT
fsr-3816	124	28	wide	wide	ADJ
fsr-3816	124	29	conditions	condition	NOUN
fsr-3816	124	30	and	and	CCONJ
fsr-3816	124	31	a	a	DET
fsr-3816	124	32	set	set	NOUN
fsr-3816	124	33	of	of	ADP
fsr-3816	124	34	borrower	borrower	NOUN
fsr-3816	124	35	specific	specific	ADJ
fsr-3816	124	36	factors	factor	NOUN
fsr-3816	124	37	.	.	PUNCT
fsr-3816	125	1	market	market	NOUN
fsr-3816	125	2	-	-	PUNCT
fsr-3816	125	3	wide	wide	ADJ
fsr-3816	125	4	conditions	condition	NOUN
fsr-3816	125	5	translate	translate	VERB
fsr-3816	125	6	into	into	ADP
fsr-3816	125	7	the	the	DET
fsr-3816	125	8	aggregate	aggregate	ADJ
fsr-3816	125	9	supply	supply	NOUN
fsr-3816	125	10	of	of	ADP
fsr-3816	125	11	and	and	CCONJ
fsr-3816	125	12	the	the	DET
fsr-3816	125	13	aggregate	aggregate	ADJ
fsr-3816	125	14	demand	demand	NOUN
fsr-3816	125	15	for	for	ADP
fsr-3816	125	16	loanable	loanable	ADJ
fsr-3816	125	17	funds	fund	NOUN
fsr-3816	125	18	.	.	PUNCT
fsr-3816	126	1	ignoring	ignore	VERB
fsr-3816	126	2	bankruptcy	bankruptcy	NOUN
fsr-3816	126	3	costs	cost	NOUN
fsr-3816	126	4	for	for	ADP
fsr-3816	126	5	the	the	DET
fsr-3816	126	6	moment	moment	NOUN
fsr-3816	126	7	and	and	CCONJ
fsr-3816	126	8	starting	start	VERB
fsr-3816	126	9	with	with	ADP
fsr-3816	126	10	a	a	DET
fsr-3816	126	11	market	market	NOUN
fsr-3816	126	12	-	-	PUNCT
fsr-3816	126	13	clearing	clearing	NOUN
fsr-3816	126	14	rate	rate	NOUN
fsr-3816	126	15	of	of	ADP
fsr-3816	126	16	interest	interest	NOUN
fsr-3816	126	17	for	for	ADP
fsr-3816	126	18	tax	tax	NOUN
fsr-3816	126	19	-	-	PUNCT
fsr-3816	126	20	exempt	exempt	ADJ
fsr-3816	126	21	risk	risk	NOUN
fsr-3816	126	22	-	-	PUNCT
fsr-3816	126	23	free	free	ADJ
fsr-3816	126	24	bonds	bond	NOUN
fsr-3816	126	25	,	,	PUNCT
fsr-3816	126	26	the	the	DET
fsr-3816	126	27	rate	rate	NOUN
fsr-3816	126	28	on	on	ADP
fsr-3816	126	29	tax	tax	NOUN
fsr-3816	126	30	-	-	PUNCT
fsr-3816	126	31	exempt	exempt	ADJ
fsr-3816	126	32	risky	risky	ADJ
fsr-3816	126	33	bonds	bond	NOUN
fsr-3816	126	34	will	will	AUX
fsr-3816	126	35	include	include	VERB
fsr-3816	126	36	a	a	DET
fsr-3816	126	37	default	default	NOUN
fsr-3816	126	38	risk	risk	NOUN
fsr-3816	126	39	premium	premium	NOUN
fsr-3816	126	40	such	such	ADJ
fsr-3816	126	41	that	that	SCONJ
fsr-3816	126	42	the	the	DET
fsr-3816	126	43	certainty	certainty	NOUN
fsr-3816	126	44	equivalent	equivalent	ADJ
fsr-3816	126	45	rate	rate	NOUN
fsr-3816	126	46	of	of	ADP
fsr-3816	126	47	interest	interest	NOUN
fsr-3816	126	48	,	,	PUNCT
fsr-3816	126	49	ro	ro	X
fsr-3816	126	50	,	,	PUNCT
fsr-3816	126	51	is	be	AUX
fsr-3816	126	52	equal	equal	ADJ
fsr-3816	126	53	across	across	ADP
fsr-3816	126	54	all	all	DET
fsr-3816	126	55	such	such	ADJ
fsr-3816	126	56	bonds	bond	NOUN
fsr-3816	126	57	.	.	PUNCT
fsr-3816	127	1	in	in	ADP
fsr-3816	127	2	order	order	NOUN
fsr-3816	127	3	to	to	PART
fsr-3816	127	4	induce	induce	VERB
fsr-3816	127	5	the	the	DET
fsr-3816	127	6	lenders	lender	NOUN
fsr-3816	127	7	to	to	PART
fsr-3816	127	8	purchase	purchase	VERB
fsr-3816	127	9	taxable	taxable	ADJ
fsr-3816	127	10	bonds	bond	NOUN
fsr-3816	127	11	,	,	PUNCT
fsr-3816	127	12	the	the	DET
fsr-3816	127	13	borrowers	borrower	NOUN
fsr-3816	127	14	will	will	AUX
fsr-3816	127	15	have	have	VERB
fsr-3816	127	16	to	to	PART
fsr-3816	127	17	offer	offer	VERB
fsr-3816	127	18	sufficiently	sufficiently	ADV
fsr-3816	127	19	higher	high	ADJ
fsr-3816	127	20	rates	rate	NOUN
fsr-3816	127	21	to	to	PART
fsr-3816	127	22	pro	pro	VERB
fsr-3816	127	23	vide	vide	VERB
fsr-3816	127	24	the	the	DET
fsr-3816	127	25	lenders	lender	NOUN
fsr-3816	127	26	an	an	DET
fsr-3816	127	27	after	after	ADP
fsr-3816	127	28	-	-	PUNCT
fsr-3816	127	29	tax	tax	NOUN
fsr-3816	127	30	rate	rate	NOUN
fsr-3816	127	31	of	of	ADP
fsr-3816	127	32	return	return	NOUN
fsr-3816	127	33	at	at	ADP
fsr-3816	127	34	least	least	ADJ
fsr-3816	127	35	equal	equal	ADJ
fsr-3816	127	36	to	to	ADP
fsr-3816	127	37	r	r	NOUN
fsr-3816	127	38	,	,	PUNCT
fsr-3816	127	39	.	.	PUNCT
fsr-3816	128	1	the	the	DET
fsr-3816	128	2	borrowers	borrower	NOUN
fsr-3816	128	3	will	will	AUX
fsr-3816	128	4	do	do	VERB
fsr-3816	128	5	so	so	ADV
fsr-3816	128	6	as	as	ADV
fsr-3816	128	7	long	long	ADV
fsr-3816	128	8	as	as	SCONJ
fsr-3816	128	9	the	the	DET
fsr-3816	128	10	tax	tax	NOUN
fsr-3816	128	11	advantage	advantage	NOUN
fsr-3816	128	12	of	of	ADP
fsr-3816	128	13	borrowing	borrowing	NOUN
fsr-3816	128	14	makes	make	VERB
fsr-3816	128	15	the	the	DET
fsr-3816	128	16	effective	effective	ADJ
fsr-3816	128	17	cost	cost	NOUN
fsr-3816	128	18	of	of	ADP
fsr-3816	128	19	loans	loan	NOUN
fsr-3816	128	20	less	less	ADJ
fsr-3816	128	21	than	than	ADP
fsr-3816	128	22	or	or	CCONJ
fsr-3816	128	23	equal	equal	ADJ
fsr-3816	128	24	to	to	ADP
fsr-3816	128	25	r	r	NOUN
fsr-3816	128	26	,	,	PUNCT
fsr-3816	128	27	.	.	PUNCT
fsr-3816	129	1	at	at	ADP
fsr-3816	129	2	equilibrium	equilibrium	NOUN
fsr-3816	129	3	,	,	PUNCT
fsr-3816	129	4	then	then	ADV
fsr-3816	129	5	,	,	PUNCT
fsr-3816	129	6	the	the	DET
fsr-3816	129	7	marginal	marginal	ADJ
fsr-3816	129	8	lender	lender	NOUN
fsr-3816	129	9	is	be	AUX
fsr-3816	129	10	in	in	ADP
fsr-3816	129	11	the	the	DET
fsr-3816	129	12	same	same	ADJ
fsr-3816	129	13	tax	tax	NOUN
fsr-3816	129	14	bracket	bracket	NOUN
fsr-3816	129	15	as	as	ADP
fsr-3816	129	16	the	the	DET
fsr-3816	129	17	marginal	marginal	ADJ
fsr-3816	129	18	borrower	borrower	NOUN
fsr-3816	129	19	.	.	PUNCT
fsr-3816	130	1	if	if	SCONJ
fsr-3816	130	2	we	we	PRON
fsr-3816	130	3	now	now	ADV
fsr-3816	130	4	assume	assume	VERB
fsr-3816	130	5	,	,	PUNCT
fsr-3816	130	6	as	as	SCONJ
fsr-3816	130	7	miller	miller	PROPN
fsr-3816	130	8	(	(	PUNCT
fsr-3816	130	9	1977	1977	NUM
fsr-3816	130	10	)	)	PUNCT
fsr-3816	130	11	does	do	VERB
fsr-3816	130	12	,	,	PUNCT
fsr-3816	130	13	that	that	SCONJ
fsr-3816	130	14	the	the	DET
fsr-3816	130	15	marginal	marginal	ADJ
fsr-3816	130	16	borrower	borrower	NOUN
fsr-3816	130	17	is	be	AUX
fsr-3816	130	18	the	the	DET
fsr-3816	130	19	levered	lever	VERB
fsr-3816	130	20	firm	firm	NOUN
fsr-3816	130	21	without	without	ADP
fsr-3816	130	22	access	access	NOUN
fsr-3816	130	23	to	to	ADP
fsr-3816	130	24	other	other	ADJ
fsr-3816	130	25	-	-	PUNCT
fsr-3816	130	26	than	than	ADP
fsr-3816	130	27	-	-	PUNCT
fsr-3816	130	28	interest	interest	NOUN
fsr-3816	130	29	tax	tax	NOUN
fsr-3816	130	30	shields	shield	NOUN
fsr-3816	130	31	,	,	PUNCT
fsr-3816	130	32	the	the	DET
fsr-3816	130	33	equilibrium	equilibrium	NOUN
fsr-3816	130	34	rate	rate	NOUN
fsr-3816	130	35	of	of	ADP
fsr-3816	130	36	inter	inter	PROPN
fsr-3816	130	37	est	est	X
fsr-3816	130	38	will	will	AUX
fsr-3816	130	39	be	be	AUX
fsr-3816	130	40	rj	rj	PROPN
fsr-3816	130	41	(	(	PUNCT
fsr-3816	130	42	1	1	NUM
fsr-3816	130	43	tj	tj	NOUN
fsr-3816	130	44	.	.	PUNCT
fsr-3816	131	1	if	if	SCONJ
fsr-3816	131	2	the	the	DET
fsr-3816	131	3	levered	lever	VERB
fsr-3816	131	4	firm	firm	NOUN
fsr-3816	131	5	can	can	AUX
fsr-3816	131	6	utilize	utilize	VERB
fsr-3816	131	7	other	other	ADJ
fsr-3816	131	8	tax	tax	NOUN
fsr-3816	131	9	-	-	PUNCT
fsr-3816	131	10	shielding	shielding	NOUN
fsr-3816	131	11	mechanisms	mechanism	NOUN
fsr-3816	131	12	like	like	ADP
fsr-3816	131	13	the	the	DET
fsr-3816	131	14	investment	investment	NOUN
fsr-3816	131	15	tax	tax	NOUN
fsr-3816	131	16	credit	credit	NOUN
fsr-3816	131	17	,	,	PUNCT
fsr-3816	131	18	depreciation	depreciation	NOUN
fsr-3816	131	19	,	,	PUNCT
fsr-3816	131	20	etc	etc	X
fsr-3816	131	21	.	.	X
fsr-3816	131	22	,	,	PUNCT
fsr-3816	131	23	deangelo	deangelo	PROPN
fsr-3816	131	24	and	and	CCONJ
fsr-3816	131	25	masulis	masulis	PROPN
fsr-3816	131	26	(	(	PUNCT
fsr-3816	131	27	1980	1980	NUM
fsr-3816	131	28	)	)	PUNCT
fsr-3816	131	29	show	show	VERB
fsr-3816	131	30	that	that	SCONJ
fsr-3816	131	31	the	the	DET
fsr-3816	131	32	equi	equi	NOUN
fsr-3816	131	33	librium	librium	PROPN
fsr-3816	131	34	rate	rate	NOUN
fsr-3816	131	35	of	of	ADP
fsr-3816	131	36	interest	interest	NOUN
fsr-3816	131	37	will	will	AUX
fsr-3816	131	38	be	be	AUX
fsr-3816	131	39	rj	rj	PROPN
fsr-3816	131	40	(	(	PUNCT
fsr-3816	131	41	i	i	PROPN
fsr-3816	131	42	t	t	PROPN
fsr-3816	131	43	”	"	PUNCT
fsr-3816	131	44	)	)	PUNCT
fsr-3816	131	45	where	where	SCONJ
fsr-3816	131	46	t	t	X
fsr-3816	131	47	”	"	PUNCT
fsr-3816	131	48	<	<	X
fsr-3816	131	49	tc	tc	X
fsr-3816	131	50	.	.	PUNCT
fsr-3816	131	51	allowing	allow	VERB
fsr-3816	131	52	now	now	ADV
fsr-3816	131	53	for	for	SCONJ
fsr-3816	131	54	bankruptcies	bankruptcy	NOUN
fsr-3816	131	55	to	to	PART
fsr-3816	131	56	be	be	AUX
fsr-3816	131	57	costly	costly	ADJ
fsr-3816	131	58	,	,	PUNCT
fsr-3816	131	59	the	the	DET
fsr-3816	131	60	interest	interest	NOUN
fsr-3816	131	61	rate	rate	NOUN
fsr-3816	131	62	that	that	PRON
fsr-3816	131	63	is	be	AUX
fsr-3816	131	64	charged	charge	VERB
fsr-3816	131	65	to	to	ADP
fsr-3816	131	66	a	a	DET
fsr-3816	131	67	bor	bor	NOUN
fsr-3816	131	68	rower	rower	NOUN
fsr-3816	131	69	will	will	AUX
fsr-3816	131	70	include	include	VERB
fsr-3816	131	71	a	a	DET
fsr-3816	131	72	second	second	ADJ
fsr-3816	131	73	component	component	NOUN
fsr-3816	131	74	,	,	PUNCT
fsr-3816	131	75	b	b	NOUN
fsr-3816	131	76	,	,	PUNCT
fsr-3816	131	77	to	to	PART
fsr-3816	131	78	compensate	compensate	VERB
fsr-3816	131	79	the	the	DET
fsr-3816	131	80	lender	lender	NOUN
fsr-3816	131	81	for	for	ADP
fsr-3816	131	82	the	the	DET
fsr-3816	131	83	expected	expect	VERB
fsr-3816	131	84	bankruptcy	bankruptcy	NOUN
fsr-3816	131	85	costs	cost	NOUN
fsr-3816	131	86	:	:	PUNCT
fsr-3816	131	87	b	b	X
fsr-3816	131	88	,	,	PUNCT
fsr-3816	131	89	for	for	ADP
fsr-3816	131	90	the	the	DET
fsr-3816	131	91	corporate	corporate	ADJ
fsr-3816	131	92	borrower	borrower	NOUN
fsr-3816	131	93	and	and	CCONJ
fsr-3816	131	94	bp	bp	PROPN
fsr-3816	131	95	for	for	ADP
fsr-3816	131	96	the	the	DET
fsr-3816	131	97	individual	individual	ADJ
fsr-3816	131	98	borrower	borrower	NOUN
fsr-3816	131	99	.	.	PUNCT
fsr-3816	132	1	this	this	DET
fsr-3816	132	2	premium	premium	NOUN
fsr-3816	132	3	is	be	AUX
fsr-3816	132	4	a	a	DET
fsr-3816	132	5	function	function	NOUN
fsr-3816	132	6	of	of	ADP
fsr-3816	132	7	borrower	borrower	NOUN
fsr-3816	132	8	-	-	PUNCT
fsr-3816	132	9	specific	specific	ADJ
fsr-3816	132	10	factors	factor	NOUN
fsr-3816	132	11	like	like	ADP
fsr-3816	132	12	the	the	DET
fsr-3816	132	13	riskiness	riskiness	NOUN
fsr-3816	132	14	of	of	ADP
fsr-3816	132	15	the	the	DET
fsr-3816	132	16	venture	venture	NOUN
fsr-3816	132	17	and	and	CCONJ
fsr-3816	132	18	the	the	DET
fsr-3816	132	19	borrower	borrower	NOUN
fsr-3816	132	20	’s	’s	PART
fsr-3816	132	21	degree	degree	NOUN
fsr-3816	132	22	of	of	ADP
fsr-3816	132	23	leverage	leverage	NOUN
fsr-3816	132	24	.	.	PUNCT
fsr-3816	133	1	to	to	PART
fsr-3816	133	2	leave	leave	VERB
fsr-3816	133	3	the	the	DET
fsr-3816	133	4	lender	lender	NOUN
fsr-3816	133	5	with	with	ADP
fsr-3816	133	6	an	an	DET
fsr-3816	133	7	after	after	ADP
fsr-3816	133	8	-	-	PUNCT
fsr-3816	133	9	tax	tax	NOUN
fsr-3816	133	10	compensation	compensation	NOUN
fsr-3816	133	11	no	no	ADV
fsr-3816	133	12	less	less	ADJ
fsr-3816	133	13	than	than	ADP
fsr-3816	133	14	the	the	DET
fsr-3816	133	15	zero	zero	NUM
fsr-3816	133	16	expected	expect	VERB
fsr-3816	133	17	bankruptcy	bankruptcy	NOUN
fsr-3816	133	18	costs	cost	NOUN
fsr-3816	133	19	situation	situation	NOUN
fsr-3816	133	20	,	,	PUNCT
fsr-3816	133	21	this	this	DET
fsr-3816	133	22	premium	premium	NOUN
fsr-3816	133	23	too	too	ADV
fsr-3816	133	24	has	have	VERB
fsr-3816	133	25	to	to	PART
fsr-3816	133	26	be	be	AUX
fsr-3816	133	27	grossed	gross	VERB
fsr-3816	133	28	up	up	ADP
fsr-3816	133	29	by	by	ADP
fsr-3816	133	30	the	the	DET
fsr-3816	133	31	tax	tax	NOUN
fsr-3816	133	32	rate	rate	NOUN
fsr-3816	133	33	applicable	applicable	ADJ
fsr-3816	133	34	to	to	ADP
fsr-3816	133	35	the	the	DET
fsr-3816	133	36	marginal	marginal	ADJ
fsr-3816	133	37	lender	lender	NOUN
fsr-3816	133	38	.	.	PUNCT
fsr-3816	134	1	therefore	therefore	ADV
fsr-3816	134	2	,	,	PUNCT
fsr-3816	134	3	the	the	DET
fsr-3816	134	4	rate	rate	NOUN
fsr-3816	134	5	of	of	ADP
fsr-3816	134	6	interest	interest	NOUN
fsr-3816	134	7	paid	pay	VERB
fsr-3816	134	8	by	by	ADP
fsr-3816	134	9	the	the	DET
fsr-3816	134	10	borrower	borrower	NOUN
fsr-3816	134	11	is	be	AUX
fsr-3816	134	12	rj	rj	PROPN
fsr-3816	134	13	(	(	PUNCT
fsr-3816	134	14	1	1	NUM
fsr-3816	134	15	t	t	PROPN
fsr-3816	134	16	”	"	PUNCT
fsr-3816	134	17	)	)	PUNCT
fsr-3816	134	18	in	in	ADP
fsr-3816	134	19	the	the	DET
fsr-3816	134	20	absence	absence	NOUN
fsr-3816	134	21	of	of	ADP
fsr-3816	134	22	bankruptcy	bankruptcy	NOUN
fsr-3816	134	23	costs	cost	NOUN
fsr-3816	134	24	and	and	CCONJ
fsr-3816	134	25	(	(	PUNCT
fsr-3816	134	26	r.	r.	PROPN
fsr-3816	134	27	+	+	CCONJ
fsr-3816	134	28	b,)l	b,)l	PROPN
fsr-3816	134	29	(	(	PUNCT
fsr-3816	134	30	1	1	NUM
fsr-3816	134	31	t	t	PROPN
fsr-3816	134	32	”	"	PUNCT
fsr-3816	134	33	)	)	PUNCT
fsr-3816	134	34	for	for	ADP
fsr-3816	134	35	the	the	DET
fsr-3816	134	36	corporate	corporate	ADJ
fsr-3816	134	37	borrower	borrower	NOUN
fsr-3816	134	38	and	and	CCONJ
fsr-3816	134	39	(	(	PUNCT
fsr-3816	134	40	r.	r.	PROPN
fsr-3816	134	41	+	+	CCONJ
fsr-3816	134	42	bj(1	bj(1	PROPN
fsr-3816	134	43	t	t	PROPN
fsr-3816	134	44	”	"	PUNCT
fsr-3816	134	45	)	)	PUNCT
fsr-3816	134	46	for	for	ADP
fsr-3816	134	47	the	the	DET
fsr-3816	134	48	individual	individual	ADJ
fsr-3816	134	49	borrower	borrower	NOUN
fsr-3816	134	50	when	when	SCONJ
fsr-3816	134	51	bankruptcies	bankruptcy	NOUN
fsr-3816	134	52	are	be	AUX
fsr-3816	134	53	costly	costly	ADJ
fsr-3816	134	54	.	.	PUNCT
fsr-3816	135	1	returning	return	VERB
fsr-3816	135	2	to	to	ADP
fsr-3816	135	3	the	the	DET
fsr-3816	135	4	investor	investor	NOUN
fsr-3816	135	5	’s	’s	PART
fsr-3816	135	6	problem	problem	NOUN
fsr-3816	135	7	,	,	PUNCT
fsr-3816	135	8	his	his	PRON
fsr-3816	135	9	choices	choice	NOUN
fsr-3816	135	10	of	of	ADP
fsr-3816	135	11	after	after	ADP
fsr-3816	135	12	-	-	PUNCT
fsr-3816	135	13	tax	tax	NOUN
fsr-3816	135	14	rate	rate	NOUN
fsr-3816	135	15	of	of	ADP
fsr-3816	135	16	return	return	NOUN
fsr-3816	135	17	are	be	AUX
fsr-3816	135	18	:	:	PUNCT
fsr-3816	135	19	r	r	X
fsr-3816	135	20	,	,	PUNCT
fsr-3816	135	21	for	for	ADP
fsr-3816	135	22	tax	tax	NOUN
fsr-3816	135	23	-	-	PUNCT
fsr-3816	135	24	exempt	exempt	ADJ
fsr-3816	135	25	riskless	riskless	NOUN
fsr-3816	135	26	bonds	bond	NOUN
fsr-3816	135	27	r	r	NOUN
fsr-3816	135	28	,	,	PUNCT
fsr-3816	135	29	+	+	NOUN
fsr-3816	136	1	b	b	NOUN
fsr-3816	136	2	,	,	PUNCT
fsr-3816	136	3	for	for	ADP
fsr-3816	136	4	tax	tax	NOUN
fsr-3816	136	5	-	-	PUNCT
fsr-3816	136	6	exempt	exempt	ADJ
fsr-3816	136	7	risky	risky	ADJ
fsr-3816	136	8	bonds	bond	NOUN
fsr-3816	136	9	(	(	PUNCT
fsr-3816	136	10	rj	rj	PROPN
fsr-3816	136	11	(	(	PUNCT
fsr-3816	136	12	1	1	NUM
fsr-3816	136	13	p	p	NOUN
fsr-3816	136	14	)	)	PUNCT
fsr-3816	136	15	)	)	PUNCT
fsr-3816	136	16	(	(	PUNCT
fsr-3816	136	17	1	1	NUM
fsr-3816	136	18	tp	tp	NOUN
fsr-3816	136	19	)	)	PUNCT
fsr-3816	136	20	for	for	ADP
fsr-3816	136	21	taxable	taxable	ADJ
fsr-3816	136	22	riskless	riskless	NOUN
fsr-3816	136	23	bonds	bond	NOUN
fsr-3816	136	24	(	(	PUNCT
fsr-3816	136	25	(	(	PUNCT
fsr-3816	136	26	rr	rr	X
fsr-3816	136	27	,	,	PUNCT
fsr-3816	136	28	+	+	CCONJ
fsr-3816	136	29	b,)l	b,)l	PROPN
fsr-3816	136	30	(	(	PUNCT
fsr-3816	136	31	1	1	NUM
fsr-3816	136	32	p	p	NOUN
fsr-3816	136	33	)	)	PUNCT
fsr-3816	136	34	)	)	PUNCT
fsr-3816	136	35	(	(	PUNCT
fsr-3816	136	36	1	1	NUM
fsr-3816	136	37	tp	tp	NOUN
fsr-3816	136	38	)	)	PUNCT
fsr-3816	136	39	for	for	ADP
fsr-3816	136	40	taxable	taxable	ADJ
fsr-3816	136	41	corporate	corporate	ADJ
fsr-3816	136	42	bonds	bond	NOUN
fsr-3816	136	43	the	the	DET
fsr-3816	136	44	investor	investor	NOUN
fsr-3816	136	45	will	will	AUX
fsr-3816	136	46	be	be	AUX
fsr-3816	136	47	indifferent	indifferent	ADJ
fsr-3816	136	48	between	between	ADP
fsr-3816	136	49	the	the	DET
fsr-3816	136	50	taxables	taxable	NOUN
fsr-3816	136	51	and	and	CCONJ
fsr-3816	136	52	the	the	DET
fsr-3816	136	53	tax	tax	NOUN
fsr-3816	136	54	-	-	PUNCT
fsr-3816	136	55	exempts	exempt	NOUN
fsr-3816	136	56	if	if	SCONJ
fsr-3816	136	57	his	his	PRON
fsr-3816	136	58	tax	tax	NOUN
fsr-3816	136	59	rate	rate	NOUN
fsr-3816	136	60	is	be	AUX
fsr-3816	136	61	equal	equal	ADJ
fsr-3816	136	62	to	to	ADP
fsr-3816	136	63	that	that	PRON
fsr-3816	136	64	of	of	ADP
fsr-3816	136	65	the	the	DET
fsr-3816	136	66	marginal	marginal	ADJ
fsr-3816	136	67	lender	lender	NOUN
fsr-3816	136	68	.	.	PUNCT
fsr-3816	137	1	he	he	PRON
fsr-3816	137	2	will	will	AUX
fsr-3816	137	3	prefer	prefer	VERB
fsr-3816	137	4	taxables	taxable	NOUN
fsr-3816	137	5	if	if	SCONJ
fsr-3816	137	6	t	t	PROPN
fsr-3816	137	7	,	,	PUNCT
fsr-3816	137	8	,	,	PUNCT
fsr-3816	137	9	<	<	X
fsr-3816	137	10	p	p	X
fsr-3816	137	11	and	and	CCONJ
fsr-3816	137	12	will	will	AUX
fsr-3816	137	13	prefer	prefer	VERB
fsr-3816	137	14	tax	tax	NOUN
fsr-3816	137	15	exempts	exempt	NOUN
fsr-3816	137	16	if	if	SCONJ
fsr-3816	137	17	tp	tp	ADP
fsr-3816	137	18	>	>	X
fsr-3816	137	19	p.	p.	NOUN
fsr-3816	137	20	additionally	additionally	ADV
fsr-3816	137	21	,	,	PUNCT
fsr-3816	137	22	regardless	regardless	ADV
fsr-3816	137	23	of	of	ADP
fsr-3816	137	24	the	the	DET
fsr-3816	137	25	choice	choice	NOUN
fsr-3816	137	26	,	,	PUNCT
fsr-3816	137	27	the	the	DET
fsr-3816	137	28	investment	investment	NOUN
fsr-3816	137	29	may	may	AUX
fsr-3816	137	30	be	be	AUX
fsr-3816	137	31	combined	combine	VERB
fsr-3816	137	32	with	with	ADP
fsr-3816	137	33	personal	personal	ADJ
fsr-3816	137	34	leverage	leverage	NOUN
fsr-3816	137	35	if	if	SCONJ
fsr-3816	137	36	the	the	DET
fsr-3816	137	37	after	after	ADP
fsr-3816	137	38	-	-	PUNCT
fsr-3816	137	39	tax	tax	NOUN
fsr-3816	137	40	cost	cost	NOUN
fsr-3816	137	41	of	of	ADP
fsr-3816	137	42	personal	personal	ADJ
fsr-3816	137	43	borrowing	borrowing	NOUN
fsr-3816	137	44	(	(	PUNCT
fsr-3816	137	45	(	(	PUNCT
fsr-3816	137	46	r.	r.	PROPN
fsr-3816	137	47	+	+	CCONJ
fsr-3816	137	48	b,)l	b,)l	PROPN
fsr-3816	137	49	(	(	PUNCT
fsr-3816	137	50	1	1	NUM
fsr-3816	137	51	t	t	PROPN
fsr-3816	137	52	”	"	PUNCT
fsr-3816	137	53	)	)	PUNCT
fsr-3816	137	54	)	)	PUNCT
fsr-3816	137	55	(	(	PUNCT
fsr-3816	137	56	1	1	NUM
fsr-3816	137	57	tp	tp	NOUN
fsr-3816	137	58	)	)	PUNCT
fsr-3816	137	59	is	be	AUX
fsr-3816	137	60	less	less	ADJ
fsr-3816	137	61	than	than	ADP
fsr-3816	137	62	the	the	DET
fsr-3816	137	63	after	after	ADP
fsr-3816	137	64	-	-	PUNCT
fsr-3816	137	65	tax	tax	NOUN
fsr-3816	137	66	return	return	NOUN
fsr-3816	137	67	from	from	ADP
fsr-3816	137	68	lending	lend	VERB
fsr-3816	137	69	(	(	PUNCT
fsr-3816	137	70	(	(	PUNCT
fsr-3816	137	71	r.	r.	PROPN
fsr-3816	137	72	+	+	CCONJ
fsr-3816	137	73	b,)l(l	b,)l(l	NUM
fsr-3816	137	74	t”))(l	t”))(l	NOUN
fsr-3816	137	75	fp	fp	NOUN
fsr-3816	137	76	)	)	PUNCT
fsr-3816	137	77	.	.	PUNCT
fsr-3816	138	1	it	it	PRON
fsr-3816	138	2	is	be	AUX
fsr-3816	138	3	readily	readily	ADV
fsr-3816	138	4	apparent	apparent	ADJ
fsr-3816	138	5	that	that	SCONJ
fsr-3816	138	6	the	the	DET
fsr-3816	138	7	critical	critical	ADJ
fsr-3816	138	8	variables	variable	NOUN
fsr-3816	138	9	are	be	AUX
fsr-3816	138	10	b	b	NOUN
fsr-3816	138	11	,	,	PUNCT
fsr-3816	138	12	and	and	CCONJ
fsr-3816	138	13	b	b	NOUN
fsr-3816	138	14	,	,	PUNCT
fsr-3816	138	15	,	,	PUNCT
fsr-3816	138	16	,	,	PUNCT
fsr-3816	138	17	that	that	ADV
fsr-3816	138	18	is	is	ADV
fsr-3816	138	19	,	,	PUNCT
fsr-3816	138	20	personal	personal	ADJ
fsr-3816	138	21	leverage	leverage	NOUN
fsr-3816	138	22	is	be	AUX
fsr-3816	138	23	preferred	prefer	VERB
fsr-3816	138	24	if	if	SCONJ
fsr-3816	138	25	bp	bp	PROPN
fsr-3816	138	26	<	<	X
fsr-3816	138	27	b	b	PROPN
fsr-3816	138	28	,	,	PUNCT
fsr-3816	138	29	.	.	PUNCT
fsr-3816	139	1	thus	thus	ADV
fsr-3816	139	2	,	,	PUNCT
fsr-3816	139	3	it	it	PRON
fsr-3816	139	4	is	be	AUX
fsr-3816	139	5	personal	personal	ADJ
fsr-3816	139	6	bankruptcy	bankruptcy	NOUN
fsr-3816	139	7	costs	cost	VERB
fsr-3816	139	8	85	85	NUM
fsr-3816	139	9	table	table	NOUN
fsr-3816	139	10	1	1	NUM
fsr-3816	139	11	a	a	DET
fsr-3816	139	12	clientele	clientele	PROPN
fsr-3816	139	13	model	model	NOUN
fsr-3816	139	14	of	of	ADP
fsr-3816	139	15	individual	individual	ADJ
fsr-3816	139	16	investment	investment	NOUN
fsr-3816	139	17	-	-	PUNCT
fsr-3816	139	18	borrowing	borrowing	NOUN
fsr-3816	139	19	decisions	decision	NOUN
fsr-3816	139	20	bp	bp	PROPN
fsr-3816	139	21	>	>	X
fsr-3816	139	22	b,(s	b,(s	X
fsr-3816	139	23	)	)	PUNCT
fsr-3816	139	24	tp	tp	ADP
fsr-3816	139	25	>	>	X
fsr-3816	139	26	1	1	NUM
fsr-3816	139	27	,	,	PUNCT
fsr-3816	139	28	+	+	CCONJ
fsr-3816	139	29	ts	ts	X
fsr-3816	139	30	typo	typo	NOUN
fsr-3816	140	1	i	i	PRON
fsr-3816	140	2	tp	tp	VERB
fsr-3816	140	3	<	<	X
fsr-3816	140	4	tc	tc	PROPN
fsr-3816	140	5	+	+	PROPN
fsr-3816	140	6	t	t	PROPN
fsr-3816	140	7	&	&	CCONJ
fsr-3816	140	8	,	,	PUNCT
fsr-3816	140	9	type	type	NOUN
fsr-3816	140	10	iii	iii	NOUN
fsr-3816	140	11	type	type	NOUN
fsr-3816	141	1	i	i	PRON
fsr-3816	141	2	:	:	PUNCT
fsr-3816	141	3	buys	buy	VERB
fsr-3816	141	4	shares	share	NOUN
fsr-3816	141	5	of	of	ADP
fsr-3816	141	6	levered	lever	VERB
fsr-3816	141	7	firms	firm	NOUN
fsr-3816	141	8	;	;	PUNCT
fsr-3816	141	9	no	no	DET
fsr-3816	141	10	personal	personal	ADJ
fsr-3816	141	11	borrowing	borrowing	NOUN
fsr-3816	141	12	type	type	NOUN
fsr-3816	141	13	ii	ii	PROPN
fsr-3816	141	14	:	:	PUNCT
fsr-3816	141	15	buys	buy	VERB
fsr-3816	141	16	shares	share	NOUN
fsr-3816	141	17	of	of	ADP
fsr-3816	141	18	unlevered	unlevered	ADJ
fsr-3816	141	19	firms	firm	NOUN
fsr-3816	141	20	via	via	ADP
fsr-3816	141	21	personal	personal	ADJ
fsr-3816	141	22	leverage	leverage	NOUN
fsr-3816	141	23	type	type	NOUN
fsr-3816	141	24	iii	iii	PROPN
fsr-3816	141	25	:	:	PUNCT
fsr-3816	141	26	buys	buy	VERB
fsr-3816	141	27	bonds	bond	NOUN
fsr-3816	141	28	;	;	PUNCT
fsr-3816	141	29	no	no	DET
fsr-3816	141	30	personal	personal	ADJ
fsr-3816	141	31	borrowing	borrowing	NOUN
fsr-3816	141	32	type	type	NOUN
fsr-3816	141	33	iv	iv	NUM
fsr-3816	141	34	:	:	PUNCT
fsr-3816	141	35	buys	buy	VERB
fsr-3816	141	36	bonds	bond	NOUN
fsr-3816	141	37	via	via	ADP
fsr-3816	141	38	personal	personal	ADJ
fsr-3816	141	39	leverage	leverage	NOUN
fsr-3816	141	40	b	b	PROPN
fsr-3816	141	41	,	,	PUNCT
fsr-3816	141	42	,	,	PUNCT
fsr-3816	141	43	<	<	X
fsr-3816	141	44	b,(s	b,(s	X
fsr-3816	141	45	)	)	PUNCT
fsr-3816	141	46	type	type	NOUN
fsr-3816	141	47	ii	ii	NOUN
fsr-3816	141	48	type	type	NOUN
fsr-3816	141	49	iv	iv	NUM
fsr-3816	141	50	possible	possible	ADJ
fsr-3816	141	51	for	for	SCONJ
fsr-3816	141	52	an	an	DET
fsr-3816	141	53	individual	individual	NOUN
fsr-3816	141	54	to	to	PART
fsr-3816	141	55	be	be	AUX
fsr-3816	141	56	a	a	DET
fsr-3816	141	57	lender	lender	NOUN
fsr-3816	141	58	and	and	CCONJ
fsr-3816	141	59	a	a	DET
fsr-3816	141	60	borrower	borrower	NOUN
fsr-3816	141	61	at	at	ADP
fsr-3816	141	62	the	the	DET
fsr-3816	141	63	same	same	ADJ
fsr-3816	141	64	time	time	NOUN
fsr-3816	141	65	if	if	SCONJ
fsr-3816	141	66	his	his	PRON
fsr-3816	141	67	expected	expect	VERB
fsr-3816	141	68	bankruptcy	bankruptcy	NOUN
fsr-3816	141	69	costs	cost	NOUN
fsr-3816	141	70	are	be	AUX
fsr-3816	141	71	sufficiently	sufficiently	ADV
fsr-3816	141	72	smaller	small	ADJ
fsr-3816	141	73	than	than	ADP
fsr-3816	141	74	corporate	corporate	ADJ
fsr-3816	141	75	bankruptcy	bankruptcy	NOUN
fsr-3816	141	76	costs	cost	NOUN
fsr-3816	141	77	.	.	PUNCT
fsr-3816	142	1	consider	consider	VERB
fsr-3816	142	2	now	now	ADV
fsr-3816	142	3	the	the	DET
fsr-3816	142	4	alternatives	alternative	NOUN
fsr-3816	142	5	of	of	ADP
fsr-3816	142	6	investing	invest	VERB
fsr-3816	142	7	in	in	ADP
fsr-3816	142	8	the	the	DET
fsr-3816	142	9	equity	equity	NOUN
fsr-3816	142	10	of	of	ADP
fsr-3816	142	11	an	an	DET
fsr-3816	142	12	unlevered	unlevered	ADJ
fsr-3816	142	13	firm	firm	NOUN
fsr-3816	142	14	and	and	CCONJ
fsr-3816	142	15	that	that	PRON
fsr-3816	142	16	of	of	ADP
fsr-3816	142	17	a	a	DET
fsr-3816	142	18	levered	lever	VERB
fsr-3816	142	19	firm	firm	NOUN
fsr-3816	142	20	.	.	PUNCT
fsr-3816	143	1	without	without	ADP
fsr-3816	143	2	loss	loss	NOUN
fsr-3816	143	3	of	of	ADP
fsr-3816	143	4	generality	generality	NOUN
fsr-3816	143	5	,	,	PUNCT
fsr-3816	143	6	let	let	VERB
fsr-3816	143	7	us	we	PRON
fsr-3816	143	8	assume	assume	VERB
fsr-3816	143	9	that	that	SCONJ
fsr-3816	143	10	the	the	DET
fsr-3816	143	11	payout	payout	NOUN
fsr-3816	143	12	is	be	AUX
fsr-3816	143	13	zero	zero	NUM
fsr-3816	143	14	or	or	CCONJ
fsr-3816	143	15	alter	alter	VERB
fsr-3816	143	16	natively	natively	ADV
fsr-3816	143	17	,	,	PUNCT
fsr-3816	143	18	that	that	SCONJ
fsr-3816	143	19	both	both	DET
fsr-3816	143	20	dividends	dividend	NOUN
fsr-3816	143	21	and	and	CCONJ
fsr-3816	143	22	capital	capital	NOUN
fsr-3816	143	23	gains	gain	NOUN
fsr-3816	143	24	are	be	AUX
fsr-3816	143	25	taxed	tax	VERB
fsr-3816	143	26	at	at	ADP
fsr-3816	143	27	the	the	DET
fsr-3816	143	28	same	same	ADJ
fsr-3816	143	29	rate	rate	NOUN
fsr-3816	143	30	(	(	PUNCT
fsr-3816	143	31	t	t	PROPN
fsr-3816	143	32	,	,	PUNCT
fsr-3816	143	33	)	)	PUNCT
fsr-3816	143	34	.	.	PUNCT
fsr-3816	144	1	it	it	PRON
fsr-3816	144	2	can	can	AUX
fsr-3816	144	3	then	then	ADV
fsr-3816	144	4	be	be	AUX
fsr-3816	144	5	shown	show	VERB
fsr-3816	144	6	that	that	SCONJ
fsr-3816	144	7	a	a	DET
fsr-3816	144	8	tax	tax	NOUN
fsr-3816	144	9	-	-	PUNCT
fsr-3816	144	10	and	and	CCONJ
fsr-3816	144	11	bankruptcy	bankruptcy	NOUN
fsr-3816	144	12	-	-	PUNCT
fsr-3816	144	13	induced	induce	VERB
fsr-3816	144	14	clientele	clientele	PROPN
fsr-3816	144	15	model	model	NOUN
fsr-3816	144	16	emerges	emerge	NOUN
fsr-3816	144	17	.	.	PUNCT
fsr-3816	145	1	such	such	DET
fsr-3816	145	2	a	a	DET
fsr-3816	145	3	model	model	NOUN
fsr-3816	145	4	would	would	AUX
fsr-3816	145	5	compare	compare	VERB
fsr-3816	145	6	the	the	DET
fsr-3816	145	7	differential	differential	NOUN
fsr-3816	145	8	,	,	PUNCT
fsr-3816	145	9	after	after	ADP
fsr-3816	145	10	tax	tax	NOUN
fsr-3816	145	11	returns	return	NOUN
fsr-3816	145	12	of	of	ADP
fsr-3816	145	13	each	each	PRON
fsr-3816	145	14	of	of	ADP
fsr-3816	145	15	the	the	DET
fsr-3816	145	16	four	four	NUM
fsr-3816	145	17	alternatives	alternative	NOUN
fsr-3816	145	18	relative	relative	ADJ
fsr-3816	145	19	to	to	ADP
fsr-3816	145	20	the	the	DET
fsr-3816	145	21	other	other	ADJ
fsr-3816	145	22	three	three	NUM
fsr-3816	145	23	.	.	PUNCT
fsr-3816	146	1	bypassing	bypass	VERB
fsr-3816	146	2	the	the	DET
fsr-3816	146	3	details	detail	NOUN
fsr-3816	146	4	of	of	ADP
fsr-3816	146	5	the	the	DET
fsr-3816	146	6	derivations	derivation	NOUN
fsr-3816	146	7	,	,	PUNCT
fsr-3816	146	8	we	we	PRON
fsr-3816	146	9	offer	offer	VERB
fsr-3816	146	10	the	the	DET
fsr-3816	146	11	summary	summary	NOUN
fsr-3816	146	12	in	in	ADP
fsr-3816	146	13	table	table	NOUN
fsr-3816	146	14	1	1	NUM
fsr-3816	146	15	.	.	PUNCT
fsr-3816	147	1	it	it	PRON
fsr-3816	147	2	is	be	AUX
fsr-3816	147	3	clear	clear	ADJ
fsr-3816	147	4	that	that	SCONJ
fsr-3816	147	5	the	the	DET
fsr-3816	147	6	individual	individual	NOUN
fsr-3816	147	7	’s	’s	PART
fsr-3816	147	8	choice	choice	NOUN
fsr-3816	147	9	of	of	ADP
fsr-3816	147	10	the	the	DET
fsr-3816	147	11	investment	investment	NOUN
fsr-3816	147	12	medium	medium	NOUN
fsr-3816	147	13	is	be	AUX
fsr-3816	147	14	dependent	dependent	ADJ
fsr-3816	147	15	on	on	ADP
fsr-3816	147	16	a	a	DET
fsr-3816	147	17	how	how	SCONJ
fsr-3816	147	18	his	his	PRON
fsr-3816	147	19	/	/	SYM
fsr-3816	147	20	her	her	PRON
fsr-3816	147	21	tax	tax	NOUN
fsr-3816	147	22	bracket	bracket	NOUN
fsr-3816	147	23	compares	compare	VERB
fsr-3816	147	24	to	to	ADP
fsr-3816	147	25	the	the	DET
fsr-3816	147	26	corporate	corporate	ADJ
fsr-3816	147	27	tax	tax	NOUN
fsr-3816	147	28	rate	rate	NOUN
fsr-3816	147	29	and	and	CCONJ
fsr-3816	147	30	the	the	DET
fsr-3816	147	31	marginal	marginal	ADJ
fsr-3816	147	32	investor	investor	NOUN
fsr-3816	147	33	’s	’s	PART
fsr-3816	147	34	tax	tax	NOUN
fsr-3816	147	35	rate	rate	NOUN
fsr-3816	147	36	as	as	ADV
fsr-3816	147	37	well	well	ADV
fsr-3816	147	38	as	as	ADP
fsr-3816	147	39	how	how	SCONJ
fsr-3816	147	40	his	his	PRON
fsr-3816	147	41	/	/	SYM
fsr-3816	147	42	her	her	PRON
fsr-3816	147	43	bankruptcy	bankruptcy	NOUN
fsr-3816	147	44	costs	cost	NOUN
fsr-3816	147	45	compare	compare	VERB
fsr-3816	147	46	to	to	ADP
fsr-3816	147	47	the	the	DET
fsr-3816	147	48	corporate	corporate	ADJ
fsr-3816	147	49	bankruptcy	bankruptcy	NOUN
fsr-3816	147	50	costs	cost	NOUN
fsr-3816	147	51	.	.	PUNCT
fsr-3816	148	1	ii	ii	X
fsr-3816	148	2	.	.	PUNCT
fsr-3816	149	1	a	a	DET
fsr-3816	149	2	primer	primer	NOUN
fsr-3816	149	3	on	on	ADP
fsr-3816	149	4	the	the	DET
fsr-3816	149	5	theory	theory	NOUN
fsr-3816	149	6	of	of	ADP
fsr-3816	149	7	personal	personal	ADJ
fsr-3816	149	8	bankruptcy	bankruptcy	NOUN
fsr-3816	149	9	the	the	DET
fsr-3816	149	10	preceding	precede	VERB
fsr-3816	149	11	section	section	NOUN
fsr-3816	149	12	illustrates	illustrate	VERB
fsr-3816	149	13	the	the	DET
fsr-3816	149	14	importance	importance	NOUN
fsr-3816	149	15	of	of	ADP
fsr-3816	149	16	personal	personal	ADJ
fsr-3816	149	17	bankruptcy	bankruptcy	NOUN
fsr-3816	149	18	costs	cost	NOUN
fsr-3816	149	19	to	to	ADP
fsr-3816	149	20	both	both	CCONJ
fsr-3816	149	21	the	the	DET
fsr-3816	149	22	investment	investment	NOUN
fsr-3816	149	23	and	and	CCONJ
fsr-3816	149	24	the	the	DET
fsr-3816	149	25	financing	financing	NOUN
fsr-3816	149	26	decision	decision	NOUN
fsr-3816	149	27	.	.	PUNCT
fsr-3816	150	1	before	before	ADP
fsr-3816	150	2	proceeding	proceed	VERB
fsr-3816	150	3	to	to	PART
fsr-3816	150	4	report	report	VERB
fsr-3816	150	5	some	some	DET
fsr-3816	150	6	estimates	estimate	NOUN
fsr-3816	150	7	of	of	ADP
fsr-3816	150	8	these	these	DET
fsr-3816	150	9	costs	cost	NOUN
fsr-3816	150	10	,	,	PUNCT
fsr-3816	150	11	we	we	PRON
fsr-3816	150	12	present	present	VERB
fsr-3816	150	13	a	a	DET
fsr-3816	150	14	discussion	discussion	NOUN
fsr-3816	150	15	of	of	ADP
fsr-3816	150	16	the	the	DET
fsr-3816	150	17	some	some	PRON
fsr-3816	150	18	of	of	ADP
fsr-3816	150	19	the	the	DET
fsr-3816	150	20	differences	difference	NOUN
fsr-3816	150	21	between	between	ADP
fsr-3816	150	22	personal	personal	ADJ
fsr-3816	150	23	and	and	CCONJ
fsr-3816	150	24	corporate	corporate	ADJ
fsr-3816	150	25	bankruptcies	bankruptcy	NOUN
fsr-3816	150	26	.	.	PUNCT
fsr-3816	151	1	we	we	PRON
fsr-3816	151	2	also	also	ADV
fsr-3816	151	3	present	present	VERB
fsr-3816	151	4	a	a	DET
fsr-3816	151	5	few	few	ADJ
fsr-3816	151	6	testable	testable	ADJ
fsr-3816	151	7	hypothesis	hypothesis	NOUN
fsr-3816	151	8	about	about	ADP
fsr-3816	151	9	personal	personal	ADJ
fsr-3816	151	10	bank	bank	NOUN
fsr-3816	151	11	ruptcy	ruptcy	NOUN
fsr-3816	151	12	cost	cost	NOUN
fsr-3816	151	13	.	.	PUNCT
fsr-3816	152	1	given	give	VERB
fsr-3816	152	2	that	that	DET
fsr-3816	152	3	corporate	corporate	ADJ
fsr-3816	152	4	bankruptcies	bankruptcy	NOUN
fsr-3816	152	5	and	and	CCONJ
fsr-3816	152	6	their	their	PRON
fsr-3816	152	7	costs	cost	NOUN
fsr-3816	152	8	have	have	AUX
fsr-3816	152	9	been	be	AUX
fsr-3816	152	10	the	the	DET
fsr-3816	152	11	focus	focus	NOUN
fsr-3816	152	12	of	of	ADP
fsr-3816	152	13	much	much	ADJ
fsr-3816	152	14	debate	debate	NOUN
fsr-3816	152	15	,	,	PUNCT
fsr-3816	152	16	it	it	PRON
fsr-3816	152	17	would	would	AUX
fsr-3816	152	18	be	be	AUX
fsr-3816	152	19	helpful	helpful	ADJ
fsr-3816	152	20	to	to	PART
fsr-3816	152	21	review	review	VERB
fsr-3816	152	22	the	the	DET
fsr-3816	152	23	process	process	NOUN
fsr-3816	152	24	of	of	ADP
fsr-3816	152	25	corporate	corporate	ADJ
fsr-3816	152	26	bankruptcy	bankruptcy	NOUN
fsr-3816	152	27	first	first	ADV
fsr-3816	152	28	.	.	PUNCT
fsr-3816	153	1	the	the	DET
fsr-3816	153	2	essential	essential	ADJ
fsr-3816	153	3	fea	fea	PROPN
fsr-3816	153	4	tures	ture	NOUN
fsr-3816	153	5	of	of	ADP
fsr-3816	153	6	corporate	corporate	ADJ
fsr-3816	153	7	bankruptcy	bankruptcy	NOUN
fsr-3816	153	8	(	(	PUNCT
fsr-3816	153	9	harris	harris	PROPN
fsr-3816	153	10	&	&	CCONJ
fsr-3816	153	11	raviv	raviv	PROPN
fsr-3816	153	12	,	,	PUNCT
fsr-3816	153	13	1993	1993	NUM
fsr-3816	153	14	;	;	PUNCT
fsr-3816	153	15	john	john	PROPN
fsr-3816	153	16	,	,	PUNCT
fsr-3816	153	17	1993	1993	NUM
fsr-3816	153	18	)	)	PUNCT
fsr-3816	153	19	can	can	AUX
fsr-3816	153	20	be	be	AUX
fsr-3816	153	21	listed	list	VERB
fsr-3816	153	22	as	as	SCONJ
fsr-3816	153	23	follows	follow	VERB
fsr-3816	153	24	:	:	PUNCT
fsr-3816	153	25	a	a	DET
fsr-3816	153	26	failure	failure	NOUN
fsr-3816	153	27	to	to	PART
fsr-3816	153	28	pay	pay	VERB
fsr-3816	153	29	either	either	CCONJ
fsr-3816	153	30	the	the	DET
fsr-3816	153	31	interest	interest	NOUN
fsr-3816	153	32	or	or	CCONJ
fsr-3816	153	33	the	the	DET
fsr-3816	153	34	principal	principal	NOUN
fsr-3816	153	35	of	of	ADP
fsr-3816	153	36	an	an	DET
fsr-3816	153	37	obligation	obligation	NOUN
fsr-3816	153	38	,	,	PUNCT
fsr-3816	153	39	or	or	CCONJ
fsr-3816	153	40	the	the	DET
fsr-3816	153	41	viola	viola	NOUN
fsr-3816	153	42	tion	tion	NOUN
fsr-3816	153	43	of	of	ADP
fsr-3816	153	44	certain	certain	ADJ
fsr-3816	153	45	loan	loan	NOUN
fsr-3816	153	46	covenants	covenant	NOUN
fsr-3816	153	47	,	,	PUNCT
fsr-3816	153	48	can	can	AUX
fsr-3816	153	49	trigger	trigger	VERB
fsr-3816	153	50	a	a	DET
fsr-3816	153	51	corporate	corporate	ADJ
fsr-3816	153	52	bankruptcy	bankruptcy	NOUN
fsr-3816	153	53	.	.	PUNCT
fsr-3816	154	1	upon	upon	SCONJ
fsr-3816	154	2	such	such	DET
fsr-3816	154	3	an	an	DET
fsr-3816	154	4	event	event	NOUN
fsr-3816	154	5	,	,	PUNCT
fsr-3816	154	6	all	all	DET
fsr-3816	154	7	assets	asset	NOUN
fsr-3816	154	8	of	of	ADP
fsr-3816	154	9	the	the	DET
fsr-3816	154	10	corporate	corporate	ADJ
fsr-3816	154	11	firm	firm	NOUN
fsr-3816	154	12	become	become	VERB
fsr-3816	154	13	available	available	ADJ
fsr-3816	154	14	for	for	ADP
fsr-3816	154	15	takeover	takeover	NOUN
fsr-3816	154	16	by	by	ADP
fsr-3816	154	17	the	the	DET
fsr-3816	154	18	cred	cre	VERB
fsr-3816	154	19	itor(s	itor(s	NOUN
fsr-3816	154	20	)	)	PUNCT
fsr-3816	154	21	.	.	PUNCT
fsr-3816	155	1	the	the	DET
fsr-3816	155	2	limited	limited	ADJ
fsr-3816	155	3	liability	liability	NOUN
fsr-3816	155	4	feature	feature	NOUN
fsr-3816	155	5	of	of	ADP
fsr-3816	155	6	the	the	DET
fsr-3816	155	7	corporate	corporate	ADJ
fsr-3816	155	8	form	form	NOUN
fsr-3816	155	9	prevents	prevent	VERB
fsr-3816	155	10	the	the	DET
fsr-3816	155	11	creditor(s	creditor(s	NOUN
fsr-3816	155	12	)	)	PUNCT
fsr-3816	155	13	from	from	ADP
fsr-3816	155	14	gaining	gain	VERB
fsr-3816	155	15	access	access	NOUN
fsr-3816	155	16	to	to	ADP
fsr-3816	155	17	the	the	DET
fsr-3816	155	18	non	non	ADJ
fsr-3816	155	19	-	-	ADJ
fsr-3816	155	20	corporate	corporate	ADJ
fsr-3816	155	21	assets	asset	NOUN
fsr-3816	155	22	of	of	ADP
fsr-3816	155	23	the	the	DET
fsr-3816	155	24	shareholders	shareholder	NOUN
fsr-3816	155	25	.	.	PUNCT
fsr-3816	156	1	no	no	DET
fsr-3816	156	2	legal	legal	ADJ
fsr-3816	156	3	exemptions	exemption	NOUN
fsr-3816	156	4	are	be	AUX
fsr-3816	156	5	granted	grant	VERB
fsr-3816	156	6	for	for	ADP
fsr-3816	156	7	the	the	DET
fsr-3816	156	8	benefit	benefit	NOUN
fsr-3816	156	9	of	of	ADP
fsr-3816	156	10	the	the	DET
fsr-3816	156	11	residual	residual	ADJ
fsr-3816	156	12	claimant(s	claimant(s	NOUN
fsr-3816	156	13	)	)	PUNCT
fsr-3816	156	14	.	.	PUNCT
fsr-3816	157	1	exceptions	exception	NOUN
fsr-3816	157	2	consist	consist	VERB
fsr-3816	157	3	of	of	ADP
fsr-3816	157	4	some	some	DET
fsr-3816	157	5	deviations	deviation	NOUN
fsr-3816	157	6	from	from	ADP
fsr-3816	157	7	the	the	DET
fsr-3816	157	8	absolute	absolute	ADJ
fsr-3816	157	9	priority	priority	NOUN
fsr-3816	157	10	rule	rule	NOUN
fsr-3816	157	11	that	that	PRON
fsr-3816	157	12	vary	vary	VERB
fsr-3816	157	13	from	from	ADP
fsr-3816	157	14	case	case	NOUN
fsr-3816	157	15	to	to	PART
fsr-3816	157	16	case	case	VERB
fsr-3816	157	17	.	.	PUNCT
fsr-3816	158	1	financial	financial	ADJ
fsr-3816	158	2	services	service	NOUN
fsr-3816	158	3	review	review	VERB
fsr-3816	158	4	6(2	6(2	NUM
fsr-3816	158	5	)	)	PUNCT
fsr-3816	158	6	1997	1997	NUM
fsr-3816	158	7	4	4	NUM
fsr-3816	158	8	.	.	PUNCT
fsr-3816	159	1	at	at	ADP
fsr-3816	159	2	bankruptcy	bankruptcy	NOUN
fsr-3816	159	3	,	,	PUNCT
fsr-3816	159	4	the	the	DET
fsr-3816	159	5	business	business	NOUN
fsr-3816	159	6	may	may	AUX
fsr-3816	159	7	either	either	CCONJ
fsr-3816	159	8	be	be	AUX
fsr-3816	159	9	liquidated	liquidate	VERB
fsr-3816	159	10	or	or	CCONJ
fsr-3816	159	11	be	be	AUX
fsr-3816	159	12	allowed	allow	VERB
fsr-3816	159	13	to	to	PART
fsr-3816	159	14	continue	continue	VERB
fsr-3816	159	15	to	to	PART
fsr-3816	159	16	operate	operate	VERB
fsr-3816	159	17	.	.	PUNCT
fsr-3816	160	1	5	5	X
fsr-3816	160	2	.	.	PUNCT
fsr-3816	160	3	the	the	DET
fsr-3816	160	4	creditors	creditor	NOUN
fsr-3816	160	5	bear	bear	VERB
fsr-3816	160	6	all	all	PRON
fsr-3816	160	7	of	of	ADP
fsr-3816	160	8	the	the	DET
fsr-3816	160	9	ex	ex	ADJ
fsr-3816	160	10	-	-	ADJ
fsr-3816	160	11	post	post	ADJ
fsr-3816	160	12	bankruptcy	bankruptcy	NOUN
fsr-3816	160	13	costs	cost	NOUN
fsr-3816	160	14	.	.	PUNCT
fsr-3816	161	1	(	(	PUNCT
fsr-3816	161	2	these	these	PRON
fsr-3816	161	3	are	be	AUX
fsr-3816	161	4	usually	usually	ADV
fsr-3816	161	5	only	only	ADV
fsr-3816	161	6	partially	partially	ADV
fsr-3816	161	7	offset	offset	VERB
fsr-3816	161	8	by	by	ADP
fsr-3816	161	9	the	the	DET
fsr-3816	161	10	ex	ex	PROPN
fsr-3816	161	11	-	-	NOUN
fsr-3816	161	12	ante	ante	NOUN
fsr-3816	161	13	bankruptcy	bankruptcy	NOUN
fsr-3816	161	14	costs	cost	NOUN
fsr-3816	161	15	assessed	assess	VERB
fsr-3816	161	16	.	.	PUNCT
fsr-3816	161	17	)	)	PUNCT
fsr-3816	162	1	these	these	DET
fsr-3816	162	2	features	feature	NOUN
fsr-3816	162	3	have	have	VERB
fsr-3816	162	4	two	two	NUM
fsr-3816	162	5	important	important	ADJ
fsr-3816	162	6	implications	implication	NOUN
fsr-3816	162	7	for	for	ADP
fsr-3816	162	8	the	the	DET
fsr-3816	162	9	process	process	NOUN
fsr-3816	162	10	of	of	ADP
fsr-3816	162	11	corporate	corporate	ADJ
fsr-3816	162	12	bank	bank	NOUN
fsr-3816	162	13	ruptcy	ruptcy	NOUN
fsr-3816	162	14	.	.	PUNCT
fsr-3816	163	1	one	one	NUM
fsr-3816	163	2	is	be	AUX
fsr-3816	163	3	that	that	SCONJ
fsr-3816	163	4	the	the	DET
fsr-3816	163	5	corporate	corporate	ADJ
fsr-3816	163	6	firm	firm	NOUN
fsr-3816	163	7	(	(	PUNCT
fsr-3816	163	8	representing	represent	VERB
fsr-3816	163	9	the	the	DET
fsr-3816	163	10	shareholders	shareholder	NOUN
fsr-3816	163	11	/	/	SYM
fsr-3816	163	12	owners	owner	NOUN
fsr-3816	163	13	or	or	CCONJ
fsr-3816	163	14	the	the	DET
fsr-3816	163	15	manag	manag	NOUN
fsr-3816	163	16	ers	er	NOUN
fsr-3816	163	17	as	as	ADP
fsr-3816	163	18	their	their	PRON
fsr-3816	163	19	agents	agent	NOUN
fsr-3816	163	20	)	)	PUNCT
fsr-3816	163	21	has	have	VERB
fsr-3816	163	22	no	no	DET
fsr-3816	163	23	incentive	incentive	NOUN
fsr-3816	163	24	to	to	PART
fsr-3816	163	25	voluntarily	voluntarily	ADV
fsr-3816	163	26	file	file	VERB
fsr-3816	163	27	for	for	ADP
fsr-3816	163	28	bankruptcy	bankruptcy	NOUN
fsr-3816	163	29	.	.	PUNCT
fsr-3816	164	1	this	this	PRON
fsr-3816	164	2	is	be	AUX
fsr-3816	164	3	due	due	ADJ
fsr-3816	164	4	to	to	ADP
fsr-3816	164	5	the	the	DET
fsr-3816	164	6	fact	fact	NOUN
fsr-3816	164	7	that	that	SCONJ
fsr-3816	164	8	when	when	SCONJ
fsr-3816	164	9	the	the	DET
fsr-3816	164	10	value	value	NOUN
fsr-3816	164	11	of	of	ADP
fsr-3816	164	12	the	the	DET
fsr-3816	164	13	firm	firm	NOUN
fsr-3816	164	14	is	be	AUX
fsr-3816	164	15	less	less	ADJ
fsr-3816	164	16	than	than	ADP
fsr-3816	164	17	the	the	DET
fsr-3816	164	18	value	value	NOUN
fsr-3816	164	19	of	of	ADP
fsr-3816	164	20	the	the	DET
fsr-3816	164	21	obligations	obligation	NOUN
fsr-3816	164	22	against	against	ADP
fsr-3816	164	23	it	it	PRON
fsr-3816	164	24	,	,	PUNCT
fsr-3816	164	25	the	the	DET
fsr-3816	164	26	wealth	wealth	NOUN
fsr-3816	164	27	position	position	NOUN
fsr-3816	164	28	of	of	ADP
fsr-3816	164	29	the	the	DET
fsr-3816	164	30	residual	residual	ADJ
fsr-3816	164	31	claimants	claimant	NOUN
fsr-3816	164	32	is	be	AUX
fsr-3816	164	33	equivalent	equivalent	ADJ
fsr-3816	164	34	to	to	ADP
fsr-3816	164	35	the	the	DET
fsr-3816	164	36	value	value	NOUN
fsr-3816	164	37	of	of	ADP
fsr-3816	164	38	an	an	DET
fsr-3816	164	39	unexercised	unexercised	ADJ
fsr-3816	164	40	out	out	ADP
fsr-3816	164	41	of	of	ADP
fsr-3816	164	42	the	the	DET
fsr-3816	164	43	money	money	NOUN
fsr-3816	164	44	call	call	NOUN
fsr-3816	164	45	option	option	NOUN
fsr-3816	164	46	.	.	PUNCT
fsr-3816	165	1	the	the	DET
fsr-3816	165	2	residual	residual	ADJ
fsr-3816	165	3	claimant	claimant	NOUN
fsr-3816	165	4	has	have	VERB
fsr-3816	165	5	no	no	DET
fsr-3816	165	6	reason	reason	NOUN
fsr-3816	165	7	to	to	PART
fsr-3816	165	8	exercise	exercise	VERB
fsr-3816	165	9	such	such	DET
fsr-3816	165	10	an	an	DET
fsr-3816	165	11	option	option	NOUN
fsr-3816	165	12	given	give	VERB
fsr-3816	165	13	that	that	SCONJ
fsr-3816	165	14	the	the	DET
fsr-3816	165	15	exercise	exercise	NOUN
fsr-3816	165	16	will	will	AUX
fsr-3816	165	17	net	net	VERB
fsr-3816	165	18	the	the	DET
fsr-3816	165	19	holder	holder	NOUN
fsr-3816	165	20	a	a	DET
fsr-3816	165	21	current	current	ADJ
fsr-3816	165	22	value	value	NOUN
fsr-3816	165	23	of	of	ADP
fsr-3816	165	24	zero	zero	NUM
fsr-3816	165	25	.	.	PUNCT
fsr-3816	166	1	keeping	keep	VERB
fsr-3816	166	2	the	the	DET
fsr-3816	166	3	option	option	NOUN
fsr-3816	166	4	alive	alive	ADJ
fsr-3816	166	5	is	be	AUX
fsr-3816	166	6	pref	pref	ADV
fsr-3816	166	7	erable	erable	ADJ
fsr-3816	166	8	,	,	PUNCT
fsr-3816	166	9	given	give	VERB
fsr-3816	166	10	that	that	SCONJ
fsr-3816	166	11	the	the	DET
fsr-3816	166	12	probability	probability	NOUN
fsr-3816	166	13	of	of	ADP
fsr-3816	166	14	recovery	recovery	NOUN
fsr-3816	166	15	at	at	ADP
fsr-3816	166	16	some	some	DET
fsr-3816	166	17	future	future	ADJ
fsr-3816	166	18	date	date	NOUN
fsr-3816	166	19	is	be	AUX
fsr-3816	166	20	always	always	ADV
fsr-3816	166	21	non	non	ADJ
fsr-3816	166	22	-	-	ADJ
fsr-3816	166	23	negative	negative	ADJ
fsr-3816	166	24	.	.	PUNCT
fsr-3816	167	1	indeed	indeed	ADV
fsr-3816	167	2	,	,	PUNCT
fsr-3816	167	3	as	as	ADV
fsr-3816	167	4	long	long	ADV
fsr-3816	167	5	as	as	SCONJ
fsr-3816	167	6	the	the	DET
fsr-3816	167	7	owners	owner	NOUN
fsr-3816	167	8	/	/	SYM
fsr-3816	167	9	managers	manager	NOUN
fsr-3816	167	10	remain	remain	VERB
fsr-3816	167	11	the	the	DET
fsr-3816	167	12	decision	decision	NOUN
fsr-3816	167	13	makers	maker	NOUN
fsr-3816	167	14	for	for	ADP
fsr-3816	167	15	the	the	DET
fsr-3816	167	16	operations	operation	NOUN
fsr-3816	167	17	of	of	ADP
fsr-3816	167	18	the	the	DET
fsr-3816	167	19	entity	entity	NOUN
fsr-3816	167	20	,	,	PUNCT
fsr-3816	167	21	they	they	PRON
fsr-3816	167	22	can	can	AUX
fsr-3816	167	23	act	act	VERB
fsr-3816	167	24	to	to	PART
fsr-3816	167	25	increase	increase	VERB
fsr-3816	167	26	the	the	DET
fsr-3816	167	27	value	value	NOUN
fsr-3816	167	28	of	of	ADP
fsr-3816	167	29	the	the	DET
fsr-3816	167	30	option	option	NOUN
fsr-3816	167	31	by	by	ADP
fsr-3816	167	32	increasing	increase	VERB
fsr-3816	167	33	the	the	DET
fsr-3816	167	34	riskiness	riskiness	NOUN
fsr-3816	167	35	of	of	ADP
fsr-3816	167	36	the	the	DET
fsr-3816	167	37	assets	asset	NOUN
fsr-3816	167	38	.	.	PUNCT
fsr-3816	168	1	alternatively	alternatively	ADV
fsr-3816	168	2	,	,	PUNCT
fsr-3816	168	3	we	we	PRON
fsr-3816	168	4	can	can	AUX
fsr-3816	168	5	consider	consider	VERB
fsr-3816	168	6	that	that	DET
fsr-3816	168	7	portion	portion	NOUN
fsr-3816	168	8	of	of	ADP
fsr-3816	168	9	the	the	DET
fsr-3816	168	10	value	value	NOUN
fsr-3816	168	11	of	of	ADP
fsr-3816	168	12	the	the	DET
fsr-3816	168	13	equity	equity	NOUN
fsr-3816	168	14	which	which	PRON
fsr-3816	168	15	is	be	AUX
fsr-3816	168	16	attrib	attrib	NOUN
fsr-3816	168	17	utable	utable	ADJ
fsr-3816	168	18	to	to	ADP
fsr-3816	168	19	the	the	DET
fsr-3816	168	20	limited	limited	ADJ
fsr-3816	168	21	liability	liability	NOUN
fsr-3816	168	22	feature	feature	NOUN
fsr-3816	168	23	of	of	ADP
fsr-3816	168	24	the	the	DET
fsr-3816	168	25	corporate	corporate	ADJ
fsr-3816	168	26	form	form	NOUN
fsr-3816	168	27	.	.	PUNCT
fsr-3816	169	1	this	this	PRON
fsr-3816	169	2	is	be	AUX
fsr-3816	169	3	a	a	DET
fsr-3816	169	4	put	put	NOUN
fsr-3816	169	5	option	option	NOUN
fsr-3816	169	6	,	,	PUNCT
fsr-3816	169	7	which	which	PRON
fsr-3816	169	8	can	can	AUX
fsr-3816	169	9	not	not	PART
fsr-3816	169	10	have	have	VERB
fsr-3816	169	11	a	a	DET
fsr-3816	169	12	negative	negative	ADJ
fsr-3816	169	13	value	value	NOUN
fsr-3816	169	14	and	and	CCONJ
fsr-3816	169	15	can	can	AUX
fsr-3816	169	16	only	only	ADV
fsr-3816	169	17	enhance	enhance	VERB
fsr-3816	169	18	the	the	DET
fsr-3816	169	19	value	value	NOUN
fsr-3816	169	20	of	of	ADP
fsr-3816	169	21	the	the	DET
fsr-3816	169	22	equity	equity	NOUN
fsr-3816	169	23	.	.	PUNCT
fsr-3816	170	1	the	the	DET
fsr-3816	170	2	other	other	ADJ
fsr-3816	170	3	important	important	ADJ
fsr-3816	170	4	implication	implication	NOUN
fsr-3816	170	5	is	be	AUX
fsr-3816	170	6	that	that	SCONJ
fsr-3816	170	7	the	the	DET
fsr-3816	170	8	creditors	creditor	NOUN
fsr-3816	170	9	,	,	PUNCT
fsr-3816	170	10	in	in	ADP
fsr-3816	170	11	their	their	PRON
fsr-3816	170	12	interest	interest	NOUN
fsr-3816	170	13	to	to	PART
fsr-3816	170	14	preserve	preserve	VERB
fsr-3816	170	15	assets	asset	NOUN
fsr-3816	170	16	,	,	PUNCT
fsr-3816	170	17	would	would	AUX
fsr-3816	170	18	want	want	VERB
fsr-3816	170	19	to	to	PART
fsr-3816	170	20	initiate	initiate	VERB
fsr-3816	170	21	the	the	DET
fsr-3816	170	22	bankruptcy	bankruptcy	NOUN
fsr-3816	170	23	proceeding	proceeding	NOUN
fsr-3816	170	24	as	as	ADV
fsr-3816	170	25	soon	soon	ADV
fsr-3816	170	26	as	as	ADP
fsr-3816	170	27	possible	possible	ADJ
fsr-3816	170	28	.	.	PUNCT
fsr-3816	171	1	this	this	PRON
fsr-3816	171	2	follows	follow	VERB
fsr-3816	171	3	from	from	ADP
fsr-3816	171	4	the	the	DET
fsr-3816	171	5	observation	observation	NOUN
fsr-3816	171	6	,	,	PUNCT
fsr-3816	171	7	above	above	ADV
fsr-3816	171	8	,	,	PUNCT
fsr-3816	171	9	that	that	SCONJ
fsr-3816	171	10	allowing	allow	VERB
fsr-3816	171	11	the	the	DET
fsr-3816	171	12	corporate	corporate	ADJ
fsr-3816	171	13	firm	firm	NOUN
fsr-3816	171	14	to	to	PART
fsr-3816	171	15	continue	continue	VERB
fsr-3816	171	16	operations	operation	NOUN
fsr-3816	171	17	could	could	AUX
fsr-3816	171	18	amount	amount	VERB
fsr-3816	171	19	to	to	ADP
fsr-3816	171	20	a	a	DET
fsr-3816	171	21	process	process	NOUN
fsr-3816	171	22	of	of	ADP
fsr-3816	171	23	wasting	waste	VERB
fsr-3816	171	24	assets	asset	NOUN
fsr-3816	171	25	in	in	ADP
fsr-3816	171	26	place	place	NOUN
fsr-3816	171	27	.	.	PUNCT
fsr-3816	172	1	accordingly	accordingly	ADV
fsr-3816	172	2	,	,	PUNCT
fsr-3816	172	3	the	the	DET
fsr-3816	172	4	creditors	creditor	NOUN
fsr-3816	172	5	would	would	AUX
fsr-3816	172	6	want	want	VERB
fsr-3816	172	7	to	to	PART
fsr-3816	172	8	assume	assume	VERB
fsr-3816	172	9	ownership	ownership	NOUN
fsr-3816	172	10	of	of	ADP
fsr-3816	172	11	all	all	DET
fsr-3816	172	12	assets	asset	NOUN
fsr-3816	172	13	as	as	ADV
fsr-3816	172	14	soon	soon	ADV
fsr-3816	172	15	as	as	ADP
fsr-3816	172	16	possible	possible	ADJ
fsr-3816	172	17	.	.	PUNCT
fsr-3816	173	1	they	they	PRON
fsr-3816	173	2	can	can	AUX
fsr-3816	173	3	then	then	ADV
fsr-3816	173	4	decide	decide	VERB
fsr-3816	173	5	whether	whether	SCONJ
fsr-3816	173	6	to	to	PART
fsr-3816	173	7	liquidate	liquidate	VERB
fsr-3816	173	8	or	or	CCONJ
fsr-3816	173	9	to	to	PART
fsr-3816	173	10	continue	continue	VERB
fsr-3816	173	11	the	the	DET
fsr-3816	173	12	operations	operation	NOUN
fsr-3816	173	13	.	.	PUNCT
fsr-3816	174	1	with	with	ADP
fsr-3816	174	2	ownership	ownership	NOUN
fsr-3816	174	3	,	,	PUNCT
fsr-3816	174	4	they	they	PRON
fsr-3816	174	5	position	position	VERB
fsr-3816	174	6	themselves	themselves	PRON
fsr-3816	174	7	to	to	PART
fsr-3816	174	8	receive	receive	VERB
fsr-3816	174	9	all	all	DET
fsr-3816	174	10	the	the	DET
fsr-3816	174	11	poten	poten	ADJ
fsr-3816	174	12	tial	tial	ADJ
fsr-3816	174	13	gains	gain	NOUN
fsr-3816	174	14	from	from	ADP
fsr-3816	174	15	access	access	NOUN
fsr-3816	174	16	to	to	ADP
fsr-3816	174	17	assets	asset	NOUN
fsr-3816	174	18	in	in	ADP
fsr-3816	174	19	place	place	NOUN
fsr-3816	174	20	.	.	PUNCT
fsr-3816	175	1	simultaneously	simultaneously	ADV
fsr-3816	175	2	,	,	PUNCT
fsr-3816	175	3	they	they	PRON
fsr-3816	175	4	would	would	AUX
fsr-3816	175	5	prevent	prevent	VERB
fsr-3816	175	6	the	the	DET
fsr-3816	175	7	owners/	owners/	NUM
fsr-3816	175	8	shareholders	shareholder	NOUN
fsr-3816	175	9	from	from	ADP
fsr-3816	175	10	exploiting	exploit	VERB
fsr-3816	175	11	risk	risk	NOUN
fsr-3816	175	12	-	-	PUNCT
fsr-3816	175	13	shifting	shift	VERB
fsr-3816	175	14	opportunities	opportunity	NOUN
fsr-3816	175	15	which	which	PRON
fsr-3816	175	16	could	could	AUX
fsr-3816	175	17	enhance	enhance	VERB
fsr-3816	175	18	value	value	NOUN
fsr-3816	175	19	only	only	ADV
fsr-3816	175	20	for	for	ADP
fsr-3816	175	21	themselves	themselves	PRON
fsr-3816	175	22	.	.	PUNCT
fsr-3816	176	1	therefore	therefore	ADV
fsr-3816	176	2	,	,	PUNCT
fsr-3816	176	3	we	we	PRON
fsr-3816	176	4	can	can	AUX
fsr-3816	176	5	summarize	summarize	VERB
fsr-3816	176	6	that	that	SCONJ
fsr-3816	176	7	with	with	ADP
fsr-3816	176	8	corporate	corporate	ADJ
fsr-3816	176	9	bankruptcies	bankruptcy	NOUN
fsr-3816	176	10	:	:	PUNCT
fsr-3816	176	11	(	(	PUNCT
fsr-3816	176	12	a	a	X
fsr-3816	176	13	)	)	PUNCT
fsr-3816	176	14	the	the	DET
fsr-3816	176	15	debtors	debtor	NOUN
fsr-3816	176	16	will	will	AUX
fsr-3816	176	17	never	never	ADV
fsr-3816	176	18	initiate	initiate	VERB
fsr-3816	176	19	a	a	DET
fsr-3816	176	20	bankruptcy	bankruptcy	NOUN
fsr-3816	176	21	proceeding	proceeding	NOUN
fsr-3816	176	22	,	,	PUNCT
fsr-3816	176	23	and	and	CCONJ
fsr-3816	176	24	(	(	PUNCT
fsr-3816	176	25	b	b	X
fsr-3816	176	26	)	)	PUNCT
fsr-3816	176	27	it	it	PRON
fsr-3816	176	28	is	be	AUX
fsr-3816	176	29	almost	almost	ADV
fsr-3816	176	30	always	always	ADV
fsr-3816	176	31	the	the	DET
fsr-3816	176	32	creditors	creditor	NOUN
fsr-3816	176	33	who	who	PRON
fsr-3816	176	34	initiate	initiate	VERB
fsr-3816	176	35	the	the	DET
fsr-3816	176	36	proceedings.5	proceedings.5	PROPN
fsr-3816	176	37	personal	personal	ADJ
fsr-3816	176	38	bankruptcies	bankruptcy	NOUN
fsr-3816	176	39	differs	differ	VERB
fsr-3816	176	40	from	from	ADP
fsr-3816	176	41	the	the	DET
fsr-3816	176	42	corporate	corporate	ADJ
fsr-3816	176	43	ones	one	NOUN
fsr-3816	176	44	in	in	ADP
fsr-3816	176	45	several	several	ADJ
fsr-3816	176	46	important	important	ADJ
fsr-3816	176	47	ways	way	NOUN
fsr-3816	176	48	:	:	PUNCT
fsr-3816	177	1	1	1	X
fsr-3816	177	2	.	.	X
fsr-3816	177	3	in	in	ADP
fsr-3816	177	4	the	the	DET
fsr-3816	177	5	event	event	NOUN
fsr-3816	177	6	of	of	ADP
fsr-3816	177	7	bankruptcy	bankruptcy	NOUN
fsr-3816	177	8	,	,	PUNCT
fsr-3816	177	9	not	not	PART
fsr-3816	177	10	all	all	DET
fsr-3816	177	11	assets	asset	NOUN
fsr-3816	177	12	of	of	ADP
fsr-3816	177	13	the	the	DET
fsr-3816	177	14	individual	individual	NOUN
fsr-3816	177	15	can	can	AUX
fsr-3816	177	16	be	be	AUX
fsr-3816	177	17	taken	take	VERB
fsr-3816	177	18	over	over	ADP
fsr-3816	177	19	by	by	ADP
fsr-3816	177	20	the	the	DET
fsr-3816	177	21	creditors	creditor	NOUN
fsr-3816	177	22	.	.	PUNCT
fsr-3816	178	1	some	some	DET
fsr-3816	178	2	assets	asset	NOUN
fsr-3816	178	3	in	in	ADP
fsr-3816	178	4	place	place	NOUN
fsr-3816	178	5	(	(	PUNCT
fsr-3816	178	6	e.g.	e.g.	ADV
fsr-3816	178	7	,	,	PUNCT
fsr-3816	178	8	the	the	DET
fsr-3816	178	9	principal	principal	ADJ
fsr-3816	178	10	place	place	NOUN
fsr-3816	178	11	of	of	ADP
fsr-3816	178	12	residence	residence	NOUN
fsr-3816	178	13	,	,	PUNCT
fsr-3816	178	14	vehi	vehi	X
fsr-3816	178	15	cle	cle	NOUN
fsr-3816	178	16	,	,	PUNCT
fsr-3816	178	17	tools	tool	NOUN
fsr-3816	178	18	,	,	PUNCT
fsr-3816	178	19	etc	etc	X
fsr-3816	178	20	.	.	X
fsr-3816	178	21	)	)	PUNCT
fsr-3816	178	22	and	and	CCONJ
fsr-3816	178	23	the	the	DET
fsr-3816	178	24	individual	individual	NOUN
fsr-3816	178	25	’s	’s	PART
fsr-3816	178	26	future	future	ADJ
fsr-3816	178	27	income	income	NOUN
fsr-3816	178	28	stream	stream	NOUN
fsr-3816	178	29	are	be	AUX
fsr-3816	178	30	exempt	exempt	ADJ
fsr-3816	178	31	from	from	ADP
fsr-3816	178	32	take	take	VERB
fsr-3816	178	33	over	over	ADP
fsr-3816	178	34	.	.	PUNCT
fsr-3816	179	1	it	it	PRON
fsr-3816	179	2	is	be	AUX
fsr-3816	179	3	possible	possible	ADJ
fsr-3816	179	4	,	,	PUNCT
fsr-3816	179	5	therefore	therefore	ADV
fsr-3816	179	6	,	,	PUNCT
fsr-3816	179	7	that	that	SCONJ
fsr-3816	179	8	these	these	DET
fsr-3816	179	9	exemptions	exemption	NOUN
fsr-3816	179	10	would	would	AUX
fsr-3816	179	11	preserve	preserve	VERB
fsr-3816	179	12	a	a	DET
fsr-3816	179	13	significant	significant	ADJ
fsr-3816	179	14	portion	portion	NOUN
fsr-3816	179	15	of	of	ADP
fsr-3816	179	16	assets	asset	NOUN
fsr-3816	179	17	in	in	ADP
fsr-3816	179	18	place	place	NOUN
fsr-3816	179	19	.	.	PUNCT
fsr-3816	180	1	indeed	indeed	ADV
fsr-3816	180	2	,	,	PUNCT
fsr-3816	180	3	exemptions	exemption	NOUN
fsr-3816	180	4	granted	grant	VERB
fsr-3816	180	5	by	by	ADP
fsr-3816	180	6	the	the	DET
fsr-3816	180	7	bankruptcy	bankruptcy	NOUN
fsr-3816	180	8	law	law	NOUN
fsr-3816	180	9	and	and	CCONJ
fsr-3816	180	10	those	those	PRON
fsr-3816	180	11	granted	grant	VERB
fsr-3816	180	12	by	by	ADP
fsr-3816	180	13	the	the	DET
fsr-3816	180	14	states	state	NOUN
fsr-3816	180	15	could	could	AUX
fsr-3816	180	16	leave	leave	VERB
fsr-3816	180	17	the	the	DET
fsr-3816	180	18	bankrupt	bankrupt	ADJ
fsr-3816	180	19	individual	individual	ADJ
fsr-3816	180	20	significant	significant	ADJ
fsr-3816	180	21	residual	residual	ADJ
fsr-3816	180	22	assets	asset	NOUN
fsr-3816	180	23	following	follow	VERB
fsr-3816	180	24	a	a	DET
fsr-3816	180	25	filing	filing	NOUN
fsr-3816	180	26	.	.	PUNCT
fsr-3816	181	1	2	2	X
fsr-3816	181	2	.	.	X
fsr-3816	181	3	unlike	unlike	ADP
fsr-3816	181	4	the	the	DET
fsr-3816	181	5	corporate	corporate	ADJ
fsr-3816	181	6	case	case	NOUN
fsr-3816	181	7	,	,	PUNCT
fsr-3816	181	8	under	under	ADP
fsr-3816	181	9	certain	certain	ADJ
fsr-3816	181	10	circumstances	circumstance	NOUN
fsr-3816	181	11	,	,	PUNCT
fsr-3816	181	12	it	it	PRON
fsr-3816	181	13	would	would	AUX
fsr-3816	181	14	be	be	AUX
fsr-3816	181	15	optimal	optimal	ADJ
fsr-3816	181	16	for	for	SCONJ
fsr-3816	181	17	the	the	DET
fsr-3816	181	18	individual	individual	NOUN
fsr-3816	181	19	to	to	PART
fsr-3816	181	20	initiate	initiate	VERB
fsr-3816	181	21	bankruptcy	bankruptcy	NOUN
fsr-3816	181	22	proceedings	proceeding	NOUN
fsr-3816	181	23	.	.	PUNCT
fsr-3816	182	1	these	these	PRON
fsr-3816	182	2	arise	arise	VERB
fsr-3816	182	3	from	from	ADP
fsr-3816	182	4	:	:	PUNCT
fsr-3816	182	5	l	l	NOUN
fsr-3816	182	6	a	a	DET
fsr-3816	182	7	desire	desire	NOUN
fsr-3816	182	8	to	to	PART
fsr-3816	182	9	secure	secure	VERB
fsr-3816	182	10	the	the	DET
fsr-3816	182	11	individual	individual	ADJ
fsr-3816	182	12	ownership	ownership	NOUN
fsr-3816	182	13	of	of	ADP
fsr-3816	182	14	the	the	DET
fsr-3816	182	15	exempt	exempt	ADJ
fsr-3816	182	16	assets	asset	NOUN
fsr-3816	182	17	,	,	PUNCT
fsr-3816	182	18	given	give	VERB
fsr-3816	182	19	that	that	SCONJ
fsr-3816	182	20	in	in	ADP
fsr-3816	182	21	the	the	DET
fsr-3816	182	22	absence	absence	NOUN
fsr-3816	182	23	of	of	ADP
fsr-3816	182	24	bankruptcy	bankruptcy	NOUN
fsr-3816	182	25	the	the	DET
fsr-3816	182	26	exempt	exempt	ADJ
fsr-3816	182	27	assets	asset	NOUN
fsr-3816	182	28	can	can	AUX
fsr-3816	182	29	dissipate	dissipate	VERB
fsr-3816	182	30	as	as	ADP
fsr-3816	182	31	payment	payment	NOUN
fsr-3816	182	32	to	to	ADP
fsr-3816	182	33	the	the	DET
fsr-3816	182	34	creditors	creditor	NOUN
fsr-3816	182	35	.	.	PUNCT
fsr-3816	183	1	following	follow	VERB
fsr-3816	183	2	this	this	DET
fsr-3816	183	3	line	line	NOUN
fsr-3816	183	4	of	of	ADP
fsr-3816	183	5	reasoning	reasoning	NOUN
fsr-3816	183	6	,	,	PUNCT
fsr-3816	183	7	it	it	PRON
fsr-3816	183	8	can	can	AUX
fsr-3816	183	9	be	be	AUX
fsr-3816	183	10	hypothesized	hypothesize	VERB
fsr-3816	183	11	that	that	SCONJ
fsr-3816	183	12	the	the	DET
fsr-3816	183	13	asset	asset	NOUN
fsr-3816	183	14	level	level	NOUN
fsr-3816	183	15	at	at	ADP
fsr-3816	183	16	which	which	PRON
fsr-3816	183	17	bankruptcy	bankruptcy	NOUN
fsr-3816	183	18	declaration	declaration	NOUN
fsr-3816	183	19	is	be	AUX
fsr-3816	183	20	triggered	trigger	VERB
fsr-3816	183	21	increases	increase	NOUN
fsr-3816	183	22	with	with	ADP
fsr-3816	183	23	the	the	DET
fsr-3816	183	24	level	level	NOUN
fsr-3816	183	25	of	of	ADP
fsr-3816	183	26	exemptions	exemption	NOUN
fsr-3816	183	27	.	.	PUNCT
fsr-3816	184	1	personal	personal	ADJ
fsr-3816	184	2	bankruptcy	bankruptcy	NOUN
fsr-3816	184	3	costs	cost	VERB
fsr-3816	184	4	87	87	NUM
fsr-3816	184	5	l	l	NOUN
fsr-3816	184	6	a	a	DET
fsr-3816	184	7	need	need	NOUN
fsr-3816	184	8	to	to	PART
fsr-3816	184	9	facilitate	facilitate	VERB
fsr-3816	184	10	additional	additional	ADJ
fsr-3816	184	11	borrowing	borrowing	NOUN
fsr-3816	184	12	at	at	ADP
fsr-3816	184	13	some	some	DET
fsr-3816	184	14	future	future	ADJ
fsr-3816	184	15	date	date	NOUN
fsr-3816	184	16	.	.	PUNCT
fsr-3816	185	1	in	in	ADP
fsr-3816	185	2	such	such	ADJ
fsr-3816	185	3	situa	situa	NOUN
fsr-3816	185	4	tions	tion	NOUN
fsr-3816	185	5	,	,	PUNCT
fsr-3816	185	6	an	an	DET
fsr-3816	185	7	individual	individual	NOUN
fsr-3816	185	8	’s	’s	PART
fsr-3816	185	9	decision	decision	NOUN
fsr-3816	185	10	to	to	PART
fsr-3816	185	11	file	file	VERB
fsr-3816	185	12	for	for	ADP
fsr-3816	185	13	bankruptcy	bankruptcy	NOUN
fsr-3816	185	14	is	be	AUX
fsr-3816	185	15	analogous	analogous	ADJ
fsr-3816	185	16	to	to	ADP
fsr-3816	185	17	a	a	DET
fsr-3816	185	18	sover	sover	ADJ
fsr-3816	185	19	eign	eign	ADJ
fsr-3816	185	20	country	country	NOUN
fsr-3816	185	21	’s	’s	PART
fsr-3816	185	22	willingness	willingness	NOUN
fsr-3816	185	23	to	to	PART
fsr-3816	185	24	work	work	VERB
fsr-3816	185	25	out	out	ADP
fsr-3816	185	26	its	its	PRON
fsr-3816	185	27	loan(s	loan(s	NOUN
fsr-3816	185	28	)	)	PUNCT
fsr-3816	185	29	in	in	ADP
fsr-3816	185	30	default	default	NOUN
fsr-3816	185	31	with	with	ADP
fsr-3816	185	32	the	the	DET
fsr-3816	185	33	lenders	lender	NOUN
fsr-3816	185	34	involved	involve	VERB
fsr-3816	185	35	.	.	PUNCT
fsr-3816	186	1	the	the	DET
fsr-3816	186	2	motivation	motivation	NOUN
fsr-3816	186	3	behind	behind	ADP
fsr-3816	186	4	such	such	DET
fsr-3816	186	5	a	a	DET
fsr-3816	186	6	decision	decision	NOUN
fsr-3816	186	7	is	be	AUX
fsr-3816	186	8	the	the	DET
fsr-3816	186	9	debtor	debtor	NOUN
fsr-3816	186	10	’s	’s	PART
fsr-3816	186	11	perceived	perceive	VERB
fsr-3816	186	12	need	need	NOUN
fsr-3816	186	13	for	for	ADP
fsr-3816	186	14	future	future	ADJ
fsr-3816	186	15	borrowing	borrowing	NOUN
fsr-3816	186	16	.	.	PUNCT
fsr-3816	187	1	l	l	NOUN
fsr-3816	188	1	an	an	DET
fsr-3816	188	2	effort	effort	NOUN
fsr-3816	188	3	to	to	PART
fsr-3816	188	4	take	take	VERB
fsr-3816	188	5	advantage	advantage	NOUN
fsr-3816	188	6	of	of	ADP
fsr-3816	188	7	the	the	DET
fsr-3816	188	8	presence	presence	NOUN
fsr-3816	188	9	of	of	ADP
fsr-3816	188	10	a	a	DET
fsr-3816	188	11	mandatory	mandatory	ADJ
fsr-3816	188	12	cooling	cooling	NOUN
fsr-3816	188	13	off	off	ADP
fsr-3816	188	14	period	period	NOUN
fsr-3816	188	15	between	between	ADP
fsr-3816	188	16	bankruptcy	bankruptcy	NOUN
fsr-3816	188	17	filings	filing	NOUN
fsr-3816	188	18	:	:	PUNCT
fsr-3816	188	19	an	an	DET
fsr-3816	188	20	early	early	ADJ
fsr-3816	188	21	filing	filing	NOUN
fsr-3816	188	22	increases	increase	VERB
fsr-3816	188	23	the	the	DET
fsr-3816	188	24	present	present	ADJ
fsr-3816	188	25	value	value	NOUN
fsr-3816	188	26	of	of	ADP
fsr-3816	188	27	the	the	DET
fsr-3816	188	28	gains	gain	NOUN
fsr-3816	188	29	from	from	ADP
fsr-3816	188	30	consumption	consumption	NOUN
fsr-3816	188	31	(	(	PUNCT
fsr-3816	188	32	made	make	VERB
fsr-3816	188	33	possible	possible	ADJ
fsr-3816	188	34	by	by	ADP
fsr-3816	188	35	new	new	ADJ
fsr-3816	188	36	debt	debt	NOUN
fsr-3816	188	37	)	)	PUNCT
fsr-3816	188	38	prior	prior	ADV
fsr-3816	188	39	to	to	ADP
fsr-3816	188	40	a	a	DET
fsr-3816	188	41	second	second	ADJ
fsr-3816	188	42	bank	bank	NOUN
fsr-3816	188	43	ruptcy	ruptcy	NOUN
fsr-3816	188	44	filing	filing	NOUN
fsr-3816	188	45	.	.	PUNCT
fsr-3816	189	1	l	l	NOUN
fsr-3816	190	1	an	an	DET
fsr-3816	190	2	attempt	attempt	NOUN
fsr-3816	190	3	to	to	PART
fsr-3816	190	4	relax	relax	VERB
fsr-3816	190	5	restrictions	restriction	NOUN
fsr-3816	190	6	on	on	ADP
fsr-3816	190	7	consumption	consumption	NOUN
fsr-3816	190	8	:	:	PUNCT
fsr-3816	190	9	the	the	DET
fsr-3816	190	10	pressure	pressure	NOUN
fsr-3816	190	11	to	to	PART
fsr-3816	190	12	satisfy	satisfy	VERB
fsr-3816	190	13	debt	debt	NOUN
fsr-3816	190	14	obligations	obligation	NOUN
fsr-3816	190	15	could	could	AUX
fsr-3816	190	16	compel	compel	VERB
fsr-3816	190	17	individuals	individual	NOUN
fsr-3816	190	18	to	to	PART
fsr-3816	190	19	limit	limit	VERB
fsr-3816	190	20	spending	spending	NOUN
fsr-3816	190	21	below	below	ADP
fsr-3816	190	22	the	the	DET
fsr-3816	190	23	subsistence	subsistence	NOUN
fsr-3816	190	24	level	level	NOUN
fsr-3816	190	25	.	.	PUNCT
fsr-3816	191	1	settlement	settlement	NOUN
fsr-3816	191	2	through	through	ADP
fsr-3816	191	3	bankruptcy	bankruptcy	NOUN
fsr-3816	191	4	proceedings	proceeding	NOUN
fsr-3816	191	5	may	may	AUX
fsr-3816	191	6	ease	ease	VERB
fsr-3816	191	7	or	or	CCONJ
fsr-3816	191	8	remove	remove	VERB
fsr-3816	191	9	such	such	ADJ
fsr-3816	191	10	restrictions6	restrictions6	NOUN
fsr-3816	191	11	3	3	X
fsr-3816	191	12	.	.	PUNCT
fsr-3816	192	1	when	when	SCONJ
fsr-3816	192	2	filing	file	VERB
fsr-3816	192	3	for	for	ADP
fsr-3816	192	4	personal	personal	ADJ
fsr-3816	192	5	bankruptcy	bankruptcy	NOUN
fsr-3816	192	6	,	,	PUNCT
fsr-3816	192	7	the	the	DET
fsr-3816	192	8	individuals	individual	NOUN
fsr-3816	192	9	can	can	AUX
fsr-3816	192	10	choose	choose	VERB
fsr-3816	192	11	to	to	PART
fsr-3816	192	12	give	give	VERB
fsr-3816	192	13	up	up	ADP
fsr-3816	192	14	either	either	DET
fsr-3816	192	15	part	part	NOUN
fsr-3816	192	16	of	of	ADP
fsr-3816	192	17	their	their	PRON
fsr-3816	192	18	assets	asset	NOUN
fsr-3816	192	19	in	in	ADP
fsr-3816	192	20	place	place	NOUN
fsr-3816	192	21	(	(	PUNCT
fsr-3816	192	22	net	net	NOUN
fsr-3816	192	23	of	of	ADP
fsr-3816	192	24	exemptions	exemption	NOUN
fsr-3816	192	25	)	)	PUNCT
fsr-3816	192	26	or	or	CCONJ
fsr-3816	192	27	part	part	NOUN
fsr-3816	192	28	of	of	ADP
fsr-3816	192	29	their	their	PRON
fsr-3816	192	30	future	future	ADJ
fsr-3816	192	31	incomes	income	NOUN
fsr-3816	192	32	(	(	PUNCT
fsr-3816	192	33	typically	typically	ADV
fsr-3816	192	34	,	,	PUNCT
fsr-3816	192	35	for	for	ADP
fsr-3816	192	36	no	no	DET
fsr-3816	192	37	more	more	ADJ
fsr-3816	192	38	than	than	ADP
fsr-3816	192	39	3	3	NUM
fsr-3816	192	40	years	year	NOUN
fsr-3816	192	41	)	)	PUNCT
fsr-3816	192	42	.	.	PUNCT
fsr-3816	193	1	the	the	DET
fsr-3816	193	2	former	former	ADJ
fsr-3816	193	3	can	can	AUX
fsr-3816	193	4	be	be	AUX
fsr-3816	193	5	done	do	VERB
fsr-3816	193	6	through	through	ADP
fsr-3816	193	7	a	a	DET
fsr-3816	193	8	chapter	chapter	NOUN
fsr-3816	193	9	7	7	NUM
fsr-3816	193	10	filing	filing	NOUN
fsr-3816	193	11	and	and	CCONJ
fsr-3816	193	12	the	the	DET
fsr-3816	193	13	latter	latter	ADJ
fsr-3816	193	14	through	through	ADP
fsr-3816	193	15	a	a	DET
fsr-3816	193	16	chapter	chapter	NOUN
fsr-3816	193	17	13	13	NUM
fsr-3816	193	18	filing	filing	NOUN
fsr-3816	193	19	.	.	PUNCT
fsr-3816	194	1	accordingly	accordingly	ADV
fsr-3816	194	2	,	,	PUNCT
fsr-3816	194	3	the	the	DET
fsr-3816	194	4	individual	individual	ADJ
fsr-3816	194	5	filer	filer	NOUN
fsr-3816	194	6	can	can	AUX
fsr-3816	194	7	choose	choose	VERB
fsr-3816	194	8	the	the	DET
fsr-3816	194	9	“	"	PUNCT
fsr-3816	194	10	least	least	ADJ
fsr-3816	194	11	cost	cost	NOUN
fsr-3816	194	12	”	"	PUNCT
fsr-3816	194	13	alternative	alternative	NOUN
fsr-3816	194	14	among	among	ADP
fsr-3816	194	15	the	the	DET
fsr-3816	194	16	two	two	NUM
fsr-3816	194	17	:	:	PUNCT
fsr-3816	194	18	those	those	PRON
fsr-3816	194	19	who	who	PRON
fsr-3816	194	20	are	be	AUX
fsr-3816	194	21	assets	asset	NOUN
fsr-3816	194	22	-	-	PUNCT
fsr-3816	194	23	in	in	ADP
fsr-3816	194	24	-	-	PUNCT
fsr-3816	194	25	place	place	NOUN
fsr-3816	194	26	poor	poor	ADJ
fsr-3816	194	27	but	but	CCONJ
fsr-3816	194	28	are	be	AUX
fsr-3816	194	29	future	future	ADJ
fsr-3816	194	30	-	-	PUNCT
fsr-3816	194	31	income	income	NOUN
fsr-3816	194	32	rich	rich	ADJ
fsr-3816	194	33	(	(	PUNCT
fsr-3816	194	34	e.g.	e.g.	ADV
fsr-3816	194	35	,	,	PUNCT
fsr-3816	194	36	medical	medical	ADJ
fsr-3816	194	37	school	school	NOUN
fsr-3816	194	38	students	student	NOUN
fsr-3816	194	39	with	with	ADP
fsr-3816	194	40	non	non	ADJ
fsr-3816	194	41	-	-	ADJ
fsr-3816	194	42	student	student	ADJ
fsr-3816	194	43	loans	loan	NOUN
fsr-3816	194	44	)	)	PUNCT
fsr-3816	194	45	would	would	AUX
fsr-3816	194	46	prefer	prefer	VERB
fsr-3816	194	47	chapter	chapter	NOUN
fsr-3816	194	48	7	7	NUM
fsr-3816	194	49	.	.	PUNCT
fsr-3816	195	1	those	those	PRON
fsr-3816	195	2	with	with	ADP
fsr-3816	195	3	low	low	ADJ
fsr-3816	195	4	expected	expected	ADJ
fsr-3816	195	5	future	future	ADJ
fsr-3816	195	6	incomes	income	NOUN
fsr-3816	195	7	but	but	CCONJ
fsr-3816	195	8	high	high	ADJ
fsr-3816	195	9	assets	asset	NOUN
fsr-3816	195	10	-	-	PUNCT
fsr-3816	195	11	in	in	ADP
fsr-3816	195	12	-	-	PUNCT
fsr-3816	195	13	place	place	NOUN
fsr-3816	195	14	(	(	PUNCT
fsr-3816	195	15	e.g.	e.g.	ADV
fsr-3816	195	16	,	,	PUNCT
fsr-3816	195	17	a	a	DET
fsr-3816	195	18	person	person	NOUN
fsr-3816	195	19	with	with	ADP
fsr-3816	195	20	a	a	DET
fsr-3816	195	21	principal	principal	ADJ
fsr-3816	195	22	place	place	NOUN
fsr-3816	195	23	of	of	ADP
fsr-3816	195	24	residence	residence	NOUN
fsr-3816	195	25	that	that	PRON
fsr-3816	195	26	has	have	AUX
fsr-3816	195	27	substantially	substantially	ADV
fsr-3816	195	28	appreciated	appreciate	VERB
fsr-3816	195	29	in	in	ADP
fsr-3816	195	30	value	value	NOUN
fsr-3816	195	31	)	)	PUNCT
fsr-3816	195	32	will	will	AUX
fsr-3816	195	33	choose	choose	VERB
fsr-3816	195	34	chap	chap	NOUN
fsr-3816	195	35	ter	ter	NOUN
fsr-3816	195	36	13	13	NUM
fsr-3816	195	37	.	.	PUNCT
fsr-3816	196	1	personal	personal	ADJ
fsr-3816	196	2	bankruptcies	bankruptcy	NOUN
fsr-3816	196	3	are	be	AUX
fsr-3816	196	4	,	,	PUNCT
fsr-3816	196	5	therefore	therefore	ADV
fsr-3816	196	6	,	,	PUNCT
fsr-3816	196	7	subject	subject	ADJ
fsr-3816	196	8	to	to	ADP
fsr-3816	196	9	a	a	DET
fsr-3816	196	10	potential	potential	ADJ
fsr-3816	196	11	moral	moral	ADJ
fsr-3816	196	12	hazard	hazard	NOUN
fsr-3816	196	13	problem	problem	NOUN
fsr-3816	196	14	which	which	PRON
fsr-3816	196	15	the	the	DET
fsr-3816	196	16	corporate	corporate	ADJ
fsr-3816	196	17	ones	one	NOUN
fsr-3816	196	18	are	be	AUX
fsr-3816	196	19	not	not	PART
fsr-3816	196	20	subject	subject	ADJ
fsr-3816	196	21	to.7	to.7	PROPN
fsr-3816	196	22	4	4	NUM
fsr-3816	196	23	.	.	PUNCT
fsr-3816	197	1	there	there	PRON
fsr-3816	197	2	are	be	VERB
fsr-3816	197	3	other	other	ADJ
fsr-3816	197	4	moral	moral	ADJ
fsr-3816	197	5	hazard	hazard	NOUN
fsr-3816	197	6	problems	problem	NOUN
fsr-3816	197	7	as	as	ADV
fsr-3816	197	8	well	well	ADV
fsr-3816	197	9	:	:	PUNCT
fsr-3816	197	10	individuals	individual	NOUN
fsr-3816	197	11	with	with	ADP
fsr-3816	197	12	low	low	ADJ
fsr-3816	197	13	levels	level	NOUN
fsr-3816	197	14	of	of	ADP
fsr-3816	197	15	asset	asset	NOUN
fsr-3816	197	16	-	-	PUNCT
fsr-3816	197	17	in	in	ADP
fsr-3816	197	18	-	-	PUNCT
fsr-3816	197	19	place	place	NOUN
fsr-3816	197	20	(	(	PUNCT
fsr-3816	197	21	i.e.	i.e.	X
fsr-3816	197	22	,	,	PUNCT
fsr-3816	197	23	below	below	ADP
fsr-3816	197	24	the	the	DET
fsr-3816	197	25	exemption	exemption	NOUN
fsr-3816	197	26	level	level	NOUN
fsr-3816	197	27	)	)	PUNCT
fsr-3816	197	28	may	may	AUX
fsr-3816	197	29	actually	actually	ADV
fsr-3816	197	30	incur	incur	VERB
fsr-3816	197	31	debt	debt	NOUN
fsr-3816	197	32	to	to	PART
fsr-3816	197	33	increase	increase	VERB
fsr-3816	197	34	current	current	ADJ
fsr-3816	197	35	consumption	consumption	NOUN
fsr-3816	197	36	and	and	CCONJ
fsr-3816	197	37	to	to	PART
fsr-3816	197	38	increase	increase	VERB
fsr-3816	197	39	their	their	PRON
fsr-3816	197	40	holdings	holding	NOUN
fsr-3816	197	41	of	of	ADP
fsr-3816	197	42	exempt	exempt	ADJ
fsr-3816	197	43	assets	asset	NOUN
fsr-3816	197	44	.	.	PUNCT
fsr-3816	198	1	further	far	ADV
fsr-3816	198	2	,	,	PUNCT
fsr-3816	198	3	given	give	VERB
fsr-3816	198	4	the	the	DET
fsr-3816	198	5	aggravated	aggravate	VERB
fsr-3816	198	6	level	level	NOUN
fsr-3816	198	7	of	of	ADP
fsr-3816	198	8	informational	informational	ADJ
fsr-3816	198	9	asymmetry	asymmetry	NOUN
fsr-3816	198	10	with	with	ADP
fsr-3816	198	11	respect	respect	NOUN
fsr-3816	198	12	to	to	ADP
fsr-3816	198	13	the	the	DET
fsr-3816	198	14	valuation	valuation	NOUN
fsr-3816	198	15	of	of	ADP
fsr-3816	198	16	personal	personal	ADJ
fsr-3816	198	17	assets	asset	NOUN
fsr-3816	198	18	,	,	PUNCT
fsr-3816	198	19	an	an	DET
fsr-3816	198	20	individual	individual	NOUN
fsr-3816	198	21	’s	’s	PART
fsr-3816	198	22	misrepresentations	misrepresentation	NOUN
fsr-3816	198	23	,	,	PUNCT
fsr-3816	198	24	made	make	VERB
fsr-3816	198	25	to	to	PART
fsr-3816	198	26	take	take	VERB
fsr-3816	198	27	advantage	advantage	NOUN
fsr-3816	198	28	of	of	ADP
fsr-3816	198	29	the	the	DET
fsr-3816	198	30	exemption	exemption	NOUN
fsr-3816	198	31	limit	limit	NOUN
fsr-3816	198	32	,	,	PUNCT
fsr-3816	198	33	will	will	AUX
fsr-3816	198	34	have	have	VERB
fsr-3816	198	35	a	a	DET
fsr-3816	198	36	higher	high	ADJ
fsr-3816	198	37	probability	probability	NOUN
fsr-3816	198	38	of	of	ADP
fsr-3816	198	39	not	not	PART
fsr-3816	198	40	being	be	AUX
fsr-3816	198	41	detected	detect	VERB
fsr-3816	198	42	.	.	PUNCT
fsr-3816	199	1	5	5	X
fsr-3816	199	2	.	.	X
fsr-3816	199	3	in	in	ADP
fsr-3816	199	4	personal	personal	ADJ
fsr-3816	199	5	bankruptcies	bankruptcy	NOUN
fsr-3816	199	6	,	,	PUNCT
fsr-3816	199	7	when	when	SCONJ
fsr-3816	199	8	the	the	DET
fsr-3816	199	9	value	value	NOUN
fsr-3816	199	10	of	of	ADP
fsr-3816	199	11	the	the	DET
fsr-3816	199	12	asset	asset	NOUN
fsr-3816	199	13	is	be	AUX
fsr-3816	199	14	near	near	ADP
fsr-3816	199	15	or	or	CCONJ
fsr-3816	199	16	slightly	slightly	ADV
fsr-3816	199	17	below	below	ADP
fsr-3816	199	18	the	the	DET
fsr-3816	199	19	exemption	exemption	NOUN
fsr-3816	199	20	limit	limit	NOUN
fsr-3816	199	21	,	,	PUNCT
fsr-3816	199	22	the	the	DET
fsr-3816	199	23	individual	individual	NOUN
fsr-3816	199	24	(	(	PUNCT
fsr-3816	199	25	as	as	ADP
fsr-3816	199	26	the	the	DET
fsr-3816	199	27	debtor	debtor	NOUN
fsr-3816	199	28	)	)	PUNCT
fsr-3816	199	29	will	will	AUX
fsr-3816	199	30	be	be	AUX
fsr-3816	199	31	responsible	responsible	ADJ
fsr-3816	199	32	for	for	ADP
fsr-3816	199	33	the	the	DET
fsr-3816	199	34	ex	ex	ADJ
fsr-3816	199	35	post	post	NOUN
fsr-3816	199	36	costs	cost	NOUN
fsr-3816	199	37	of	of	ADP
fsr-3816	199	38	bankruptcy	bankruptcy	NOUN
fsr-3816	199	39	.	.	PUNCT
fsr-3816	200	1	thus	thus	ADV
fsr-3816	200	2	,	,	PUNCT
fsr-3816	200	3	the	the	DET
fsr-3816	200	4	magnitude	magnitude	NOUN
fsr-3816	200	5	of	of	ADP
fsr-3816	200	6	bankruptcy	bankruptcy	NOUN
fsr-3816	200	7	costs	cost	NOUN
fsr-3816	200	8	does	do	AUX
fsr-3816	200	9	matter	matter	VERB
fsr-3816	200	10	to	to	ADP
fsr-3816	200	11	the	the	DET
fsr-3816	200	12	individual	individual	NOUN
fsr-3816	200	13	and	and	CCONJ
fsr-3816	200	14	to	to	ADP
fsr-3816	200	15	his	his	PRON
fsr-3816	200	16	or	or	CCONJ
fsr-3816	200	17	her	her	PRON
fsr-3816	200	18	decision	decision	NOUN
fsr-3816	200	19	as	as	ADP
fsr-3816	200	20	to	to	ADP
fsr-3816	200	21	whether	whether	SCONJ
fsr-3816	200	22	to	to	PART
fsr-3816	200	23	declare	declare	VERB
fsr-3816	200	24	bankruptcy	bankruptcy	NOUN
fsr-3816	200	25	.	.	PUNCT
fsr-3816	201	1	it	it	PRON
fsr-3816	201	2	follows	follow	VERB
fsr-3816	201	3	,	,	PUNCT
fsr-3816	201	4	then	then	ADV
fsr-3816	201	5	,	,	PUNCT
fsr-3816	201	6	that	that	SCONJ
fsr-3816	201	7	higher	high	ADJ
fsr-3816	201	8	bankruptcy	bankruptcy	NOUN
fsr-3816	201	9	costs	cost	NOUN
fsr-3816	201	10	may	may	AUX
fsr-3816	201	11	delay	delay	VERB
fsr-3816	201	12	the	the	DET
fsr-3816	201	13	bankruptcy	bankruptcy	NOUN
fsr-3816	201	14	filing	filing	NOUN
fsr-3816	201	15	if	if	SCONJ
fsr-3816	201	16	such	such	ADJ
fsr-3816	201	17	costs	cost	NOUN
fsr-3816	201	18	exceeds	exceed	VERB
fsr-3816	201	19	the	the	DET
fsr-3816	201	20	necessary	necessary	ADJ
fsr-3816	201	21	assets	asset	NOUN
fsr-3816	201	22	needed	need	VERB
fsr-3816	201	23	to	to	PART
fsr-3816	201	24	keep	keep	VERB
fsr-3816	201	25	the	the	DET
fsr-3816	201	26	creditors	creditor	NOUN
fsr-3816	201	27	at	at	ADP
fsr-3816	201	28	bay	bay	NOUN
fsr-3816	201	29	(	(	PUNCT
fsr-3816	201	30	i.e.	i.e.	X
fsr-3816	201	31	,	,	PUNCT
fsr-3816	201	32	partial	partial	ADJ
fsr-3816	201	33	debt	debt	NOUN
fsr-3816	201	34	payment	payment	NOUN
fsr-3816	201	35	)	)	PUNCT
fsr-3816	201	36	.	.	PUNCT
fsr-3816	202	1	the	the	DET
fsr-3816	202	2	personal	personal	ADJ
fsr-3816	202	3	bankruptcy	bankruptcy	NOUN
fsr-3816	202	4	process	process	NOUN
fsr-3816	202	5	can	can	AUX
fsr-3816	202	6	,	,	PUNCT
fsr-3816	202	7	thus	thus	ADV
fsr-3816	202	8	,	,	PUNCT
fsr-3816	202	9	be	be	AUX
fsr-3816	202	10	summarized	summarize	VERB
fsr-3816	202	11	as	as	ADP
fsr-3816	202	12	one	one	NUM
fsr-3816	202	13	that	that	PRON
fsr-3816	202	14	gives	give	VERB
fsr-3816	202	15	the	the	DET
fsr-3816	202	16	indi	indi	PROPN
fsr-3816	202	17	vidual	vidual	ADJ
fsr-3816	202	18	the	the	DET
fsr-3816	202	19	choice	choice	NOUN
fsr-3816	202	20	as	as	ADP
fsr-3816	202	21	to	to	ADP
fsr-3816	202	22	the	the	DET
fsr-3816	202	23	best	good	ADJ
fsr-3816	202	24	alternative	alternative	NOUN
fsr-3816	202	25	for	for	ADP
fsr-3816	202	26	retaining	retain	VERB
fsr-3816	202	27	the	the	DET
fsr-3816	202	28	highest	high	ADJ
fsr-3816	202	29	level	level	NOUN
fsr-3816	202	30	of	of	ADP
fsr-3816	202	31	wealth	wealth	NOUN
fsr-3816	202	32	.	.	PUNCT
fsr-3816	203	1	within	within	ADP
fsr-3816	203	2	this	this	DET
fsr-3816	203	3	framework	framework	NOUN
fsr-3816	203	4	,	,	PUNCT
fsr-3816	203	5	the	the	DET
fsr-3816	203	6	individual	individual	NOUN
fsr-3816	203	7	would	would	AUX
fsr-3816	203	8	compare	compare	VERB
fsr-3816	203	9	his	his	PRON
fsr-3816	203	10	/	/	SYM
fsr-3816	203	11	her	she	PRON
fsr-3816	203	12	expected	expect	VERB
fsr-3816	203	13	wealth	wealth	NOUN
fsr-3816	203	14	after	after	SCONJ
fsr-3816	203	15	bankruptcy	bankruptcy	NOUN
fsr-3816	203	16	to	to	ADP
fsr-3816	203	17	the	the	DET
fsr-3816	203	18	current	current	ADJ
fsr-3816	203	19	wealth	wealth	NOUN
fsr-3816	203	20	to	to	PART
fsr-3816	203	21	decide	decide	VERB
fsr-3816	203	22	whether	whether	SCONJ
fsr-3816	203	23	or	or	CCONJ
fsr-3816	203	24	not	not	PART
fsr-3816	203	25	to	to	PART
fsr-3816	203	26	file	file	VERB
fsr-3816	203	27	.	.	PUNCT
fsr-3816	204	1	the	the	DET
fsr-3816	204	2	former	former	ADJ
fsr-3816	204	3	is	be	AUX
fsr-3816	204	4	measured	measure	VERB
fsr-3816	204	5	as	as	ADP
fsr-3816	204	6	the	the	DET
fsr-3816	204	7	sum	sum	NOUN
fsr-3816	204	8	of	of	ADP
fsr-3816	204	9	exempt	exempt	ADJ
fsr-3816	204	10	assets	asset	NOUN
fsr-3816	204	11	,	,	PUNCT
fsr-3816	204	12	net	net	NOUN
fsr-3816	204	13	of	of	ADP
fsr-3816	204	14	ex	ex	ADJ
fsr-3816	204	15	-	-	ADJ
fsr-3816	204	16	post	post	ADJ
fsr-3816	204	17	bankruptcy	bankruptcy	NOUN
fsr-3816	204	18	costs	cost	NOUN
fsr-3816	204	19	,	,	PUNCT
fsr-3816	204	20	and	and	CCONJ
fsr-3816	204	21	the	the	DET
fsr-3816	204	22	present	present	ADJ
fsr-3816	204	23	value	value	NOUN
fsr-3816	204	24	of	of	ADP
fsr-3816	204	25	all	all	DET
fsr-3816	204	26	future	future	ADJ
fsr-3816	204	27	income	income	NOUN
fsr-3816	204	28	.	.	PUNCT
fsr-3816	205	1	the	the	DET
fsr-3816	205	2	latter	latter	ADJ
fsr-3816	205	3	is	be	AUX
fsr-3816	205	4	measured	measure	VERB
fsr-3816	205	5	as	as	ADP
fsr-3816	205	6	the	the	DET
fsr-3816	205	7	current	current	ADJ
fsr-3816	205	8	assets	asset	NOUN
fsr-3816	205	9	in	in	ADP
fsr-3816	205	10	place	place	NOUN
fsr-3816	205	11	plus	plus	CCONJ
fsr-3816	205	12	the	the	DET
fsr-3816	205	13	present	present	ADJ
fsr-3816	205	14	value	value	NOUN
fsr-3816	205	15	of	of	ADP
fsr-3816	205	16	all	all	DET
fsr-3816	205	17	future	future	ADJ
fsr-3816	205	18	incomes	income	NOUN
fsr-3816	205	19	net	net	NOUN
fsr-3816	205	20	of	of	ADP
fsr-3816	205	21	a	a	DET
fsr-3816	205	22	portion	portion	NOUN
fsr-3816	205	23	to	to	PART
fsr-3816	205	24	be	be	AUX
fsr-3816	205	25	paid	pay	VERB
fsr-3816	205	26	out	out	ADP
fsr-3816	205	27	for	for	ADP
fsr-3816	205	28	a	a	DET
fsr-3816	205	29	specified	specified	ADJ
fsr-3816	205	30	number	number	NOUN
fsr-3816	205	31	of	of	ADP
fsr-3816	205	32	years	year	NOUN
fsr-3816	205	33	.	.	PUNCT
fsr-3816	206	1	additionally	additionally	ADV
fsr-3816	206	2	,	,	PUNCT
fsr-3816	206	3	the	the	DET
fsr-3816	206	4	88	88	NUM
fsr-3816	206	5	financial	financial	ADJ
fsr-3816	206	6	services	service	NOUN
fsr-3816	206	7	review	review	VERB
fsr-3816	206	8	6(2	6(2	NUM
fsr-3816	206	9	)	)	PUNCT
fsr-3816	206	10	1997	1997	NUM
fsr-3816	206	11	incentive	incentive	NOUN
fsr-3816	206	12	to	to	PART
fsr-3816	206	13	declare	declare	VERB
fsr-3816	206	14	bankruptcy	bankruptcy	NOUN
fsr-3816	206	15	is	be	AUX
fsr-3816	206	16	often	often	ADV
fsr-3816	206	17	with	with	ADP
fsr-3816	206	18	the	the	DET
fsr-3816	206	19	individual	individual	NOUN
fsr-3816	206	20	not	not	PART
fsr-3816	206	21	with	with	ADP
fsr-3816	206	22	the	the	DET
fsr-3816	206	23	creditors	creditor	NOUN
fsr-3816	206	24	,	,	PUNCT
fsr-3816	206	25	as	as	SCONJ
fsr-3816	206	26	it	it	PRON
fsr-3816	206	27	is	be	AUX
fsr-3816	206	28	in	in	ADP
fsr-3816	206	29	the	the	DET
fsr-3816	206	30	corporate	corporate	ADJ
fsr-3816	206	31	case	case	NOUN
fsr-3816	206	32	.	.	PUNCT
fsr-3816	207	1	these	these	DET
fsr-3816	207	2	procedural	procedural	ADJ
fsr-3816	207	3	differences	difference	NOUN
fsr-3816	207	4	can	can	AUX
fsr-3816	207	5	lead	lead	VERB
fsr-3816	207	6	to	to	ADP
fsr-3816	207	7	certain	certain	ADJ
fsr-3816	207	8	testable	testable	ADJ
fsr-3816	207	9	hypothesis	hypothesis	NOUN
fsr-3816	207	10	.	.	PUNCT
fsr-3816	208	1	to	to	PART
fsr-3816	208	2	arrive	arrive	VERB
fsr-3816	208	3	at	at	ADP
fsr-3816	208	4	these	these	PRON
fsr-3816	208	5	,	,	PUNCT
fsr-3816	208	6	we	we	PRON
fsr-3816	208	7	assume	assume	VERB
fsr-3816	208	8	that	that	SCONJ
fsr-3816	208	9	an	an	DET
fsr-3816	208	10	individual	individual	ADJ
fsr-3816	208	11	facing	face	VERB
fsr-3816	208	12	financial	financial	ADJ
fsr-3816	208	13	distress	distress	NOUN
fsr-3816	208	14	has	have	VERB
fsr-3816	208	15	fewer	few	ADJ
fsr-3816	208	16	resources	resource	NOUN
fsr-3816	208	17	available	available	ADJ
fsr-3816	208	18	to	to	PART
fsr-3816	208	19	him/	him/	VERB
fsr-3816	208	20	her	she	PRON
fsr-3816	208	21	than	than	SCONJ
fsr-3816	208	22	does	do	VERB
fsr-3816	208	23	a	a	DET
fsr-3816	208	24	corporation	corporation	NOUN
fsr-3816	208	25	in	in	ADP
fsr-3816	208	26	distress	distress	NOUN
fsr-3816	208	27	.	.	PUNCT
fsr-3816	209	1	the	the	DET
fsr-3816	209	2	differential	differential	ADJ
fsr-3816	209	3	access	access	NOUN
fsr-3816	209	4	to	to	ADP
fsr-3816	209	5	information	information	NOUN
fsr-3816	209	6	and	and	CCONJ
fsr-3816	209	7	legal	legal	ADJ
fsr-3816	209	8	advice	advice	NOUN
fsr-3816	209	9	which	which	PRON
fsr-3816	209	10	this	this	DET
fsr-3816	209	11	assumption	assumption	NOUN
fsr-3816	209	12	embodies	embody	VERB
fsr-3816	209	13	leads	lead	VERB
fsr-3816	209	14	to	to	ADP
fsr-3816	209	15	the	the	DET
fsr-3816	209	16	following	follow	VERB
fsr-3816	209	17	hypothesis	hypothesis	NOUN
fsr-3816	209	18	:	:	PUNCT
fsr-3816	209	19	hl	hl	NOUN
fsr-3816	209	20	:	:	PUNCT
fsr-3816	209	21	when	when	SCONJ
fsr-3816	209	22	compared	compare	VERB
fsr-3816	209	23	to	to	ADP
fsr-3816	209	24	corporations	corporation	NOUN
fsr-3816	209	25	,	,	PUNCT
fsr-3816	209	26	individuals	individual	NOUN
fsr-3816	209	27	may	may	AUX
fsr-3816	209	28	wait	wait	VERB
fsr-3816	209	29	too	too	ADV
fsr-3816	209	30	long	long	ADJ
fsr-3816	209	31	to	to	PART
fsr-3816	209	32	file	file	VERB
fsr-3816	209	33	for	for	ADP
fsr-3816	209	34	bank	bank	NOUN
fsr-3816	209	35	ruptcy	ruptcy	NOUN
fsr-3816	209	36	.	.	PUNCT
fsr-3816	210	1	as	as	ADP
fsr-3816	210	2	a	a	DET
fsr-3816	210	3	result	result	NOUN
fsr-3816	210	4	,	,	PUNCT
fsr-3816	210	5	assets	asset	NOUN
fsr-3816	210	6	-	-	PUNCT
fsr-3816	210	7	in	in	ADP
fsr-3816	210	8	-	-	PUNCT
fsr-3816	210	9	place	place	NOUN
fsr-3816	210	10	can	can	AUX
fsr-3816	210	11	dwindle	dwindle	VERB
fsr-3816	210	12	to	to	ADP
fsr-3816	210	13	a	a	DET
fsr-3816	210	14	level	level	NOUN
fsr-3816	210	15	below	below	ADP
fsr-3816	210	16	the	the	DET
fsr-3816	210	17	triggering	trigger	VERB
fsr-3816	210	18	point	point	NOUN
fsr-3816	210	19	for	for	ADP
fsr-3816	210	20	the	the	DET
fsr-3816	210	21	preservation	preservation	NOUN
fsr-3816	210	22	of	of	ADP
fsr-3816	210	23	exempt	exempt	ADJ
fsr-3816	210	24	assets	asset	NOUN
fsr-3816	210	25	.	.	PUNCT
fsr-3816	211	1	h2	h2	NOUN
fsr-3816	211	2	:	:	PUNCT
fsr-3816	211	3	when	when	SCONJ
fsr-3816	211	4	compared	compare	VERB
fsr-3816	211	5	to	to	ADP
fsr-3816	211	6	corporations	corporation	NOUN
fsr-3816	211	7	,	,	PUNCT
fsr-3816	211	8	individuals	individual	NOUN
fsr-3816	211	9	are	be	AUX
fsr-3816	211	10	at	at	ADP
fsr-3816	211	11	a	a	DET
fsr-3816	211	12	disadvantage	disadvantage	NOUN
fsr-3816	211	13	in	in	ADP
fsr-3816	211	14	finding	find	VERB
fsr-3816	211	15	ways	way	NOUN
fsr-3816	211	16	to	to	PART
fsr-3816	211	17	minimize	minimize	VERB
fsr-3816	211	18	their	their	PRON
fsr-3816	211	19	direct	direct	ADJ
fsr-3816	211	20	bankruptcy	bankruptcy	NOUN
fsr-3816	211	21	costs	cost	NOUN
fsr-3816	211	22	.	.	PUNCT
fsr-3816	212	1	as	as	ADP
fsr-3816	212	2	a	a	DET
fsr-3816	212	3	result	result	NOUN
fsr-3816	212	4	,	,	PUNCT
fsr-3816	212	5	ex	ex	ADJ
fsr-3816	212	6	-	-	ADJ
fsr-3816	212	7	post	post	ADJ
fsr-3816	212	8	personal	personal	ADJ
fsr-3816	212	9	bankruptcy	bankruptcy	NOUN
fsr-3816	212	10	costs	cost	NOUN
fsr-3816	212	11	are	be	AUX
fsr-3816	212	12	higher	high	ADJ
fsr-3816	212	13	than	than	ADP
fsr-3816	212	14	the	the	DET
fsr-3816	212	15	corporate	corporate	ADJ
fsr-3816	212	16	ones	one	NOUN
fsr-3816	212	17	.	.	PUNCT
fsr-3816	213	1	h3	h3	NOUN
fsr-3816	213	2	:	:	PUNCT
fsr-3816	213	3	the	the	DET
fsr-3816	213	4	lower	low	ADJ
fsr-3816	213	5	level	level	NOUN
fsr-3816	213	6	of	of	ADP
fsr-3816	213	7	legal	legal	ADJ
fsr-3816	213	8	sophistication	sophistication	NOUN
fsr-3816	213	9	on	on	ADP
fsr-3816	213	10	the	the	DET
fsr-3816	213	11	part	part	NOUN
fsr-3816	213	12	of	of	ADP
fsr-3816	213	13	near	near	ADJ
fsr-3816	213	14	-	-	PUNCT
fsr-3816	213	15	bankrupt	bankrupt	ADJ
fsr-3816	213	16	individuals	individual	NOUN
fsr-3816	213	17	tends	tend	VERB
fsr-3816	213	18	to	to	PART
fsr-3816	213	19	prevent	prevent	VERB
fsr-3816	213	20	them	they	PRON
fsr-3816	213	21	from	from	ADP
fsr-3816	213	22	appropriately	appropriately	ADV
fsr-3816	213	23	taking	take	VERB
fsr-3816	213	24	advantage	advantage	NOUN
fsr-3816	213	25	of	of	ADP
fsr-3816	213	26	the	the	DET
fsr-3816	213	27	economic	economic	ADJ
fsr-3816	213	28	incentives	incentive	NOUN
fsr-3816	213	29	built	build	VERB
fsr-3816	213	30	into	into	ADP
fsr-3816	213	31	the	the	DET
fsr-3816	213	32	bankruptcy	bankruptcy	NOUN
fsr-3816	213	33	code	code	NOUN
fsr-3816	213	34	.	.	PUNCT
fsr-3816	214	1	in	in	ADP
fsr-3816	214	2	what	what	PRON
fsr-3816	214	3	follows	follow	VERB
fsr-3816	214	4	we	we	PRON
fsr-3816	214	5	provide	provide	VERB
fsr-3816	214	6	some	some	DET
fsr-3816	214	7	direct	direct	ADJ
fsr-3816	214	8	evidence	evidence	NOUN
fsr-3816	214	9	in	in	ADP
fsr-3816	214	10	support	support	NOUN
fsr-3816	214	11	of	of	ADP
fsr-3816	214	12	these	these	DET
fsr-3816	214	13	hypothesists	hypothesist	NOUN
fsr-3816	214	14	.	.	PUNCT
fsr-3816	214	15	iii	iii	X
fsr-3816	214	16	.	.	PUNCT
fsr-3816	215	1	the	the	DET
fsr-3816	215	2	empirical	empirical	ADJ
fsr-3816	215	3	results	result	NOUN
fsr-3816	215	4	and	and	CCONJ
fsr-3816	215	5	discussion	discussion	VERB
fsr-3816	215	6	our	our	PRON
fsr-3816	215	7	main	main	ADJ
fsr-3816	215	8	objectives	objective	NOUN
fsr-3816	215	9	in	in	ADP
fsr-3816	215	10	this	this	DET
fsr-3816	215	11	section	section	NOUN
fsr-3816	215	12	are	be	AUX
fsr-3816	215	13	threefold	threefold	VERB
fsr-3816	215	14	:	:	PUNCT
fsr-3816	215	15	to	to	PART
fsr-3816	215	16	provide	provide	VERB
fsr-3816	215	17	some	some	DET
fsr-3816	215	18	preliminary	preliminary	ADJ
fsr-3816	215	19	results	result	NOUN
fsr-3816	215	20	on	on	ADP
fsr-3816	215	21	the	the	DET
fsr-3816	215	22	magnitude	magnitude	NOUN
fsr-3816	215	23	of	of	ADP
fsr-3816	215	24	personal	personal	ADJ
fsr-3816	215	25	bankruptcy	bankruptcy	NOUN
fsr-3816	215	26	costs	cost	NOUN
fsr-3816	215	27	,	,	PUNCT
fsr-3816	215	28	to	to	PART
fsr-3816	215	29	empirically	empirically	ADV
fsr-3816	215	30	determine	determine	VERB
fsr-3816	215	31	if	if	SCONJ
fsr-3816	215	32	these	these	DET
fsr-3816	215	33	costs	cost	NOUN
fsr-3816	215	34	are	be	AUX
fsr-3816	215	35	non	non	ADJ
fsr-3816	215	36	trivial	trivial	ADJ
fsr-3816	215	37	and	and	CCONJ
fsr-3816	215	38	to	to	PART
fsr-3816	215	39	compare	compare	VERB
fsr-3816	215	40	them	they	PRON
fsr-3816	215	41	to	to	ADP
fsr-3816	215	42	business	business	NOUN
fsr-3816	215	43	bankruptcy	bankruptcy	NOUN
fsr-3816	215	44	costs	cost	NOUN
fsr-3816	215	45	.	.	PUNCT
fsr-3816	216	1	the	the	DET
fsr-3816	216	2	data	datum	NOUN
fsr-3816	216	3	is	be	AUX
fsr-3816	216	4	comprised	comprise	VERB
fsr-3816	216	5	of	of	ADP
fsr-3816	216	6	bank	bank	NOUN
fsr-3816	216	7	ruptcies	ruptcie	NOUN
fsr-3816	216	8	filed	file	VERB
fsr-3816	216	9	over	over	ADP
fsr-3816	216	10	the	the	DET
fsr-3816	216	11	six	six	NUM
fsr-3816	216	12	-	-	PUNCT
fsr-3816	216	13	year	year	NOUN
fsr-3816	216	14	period	period	NOUN
fsr-3816	216	15	1977	1977	NUM
fsr-3816	216	16	-	-	SYM
fsr-3816	216	17	1982	1982	NUM
fsr-3816	216	18	with	with	ADP
fsr-3816	216	19	the	the	DET
fsr-3816	216	20	bankruptcy	bankruptcy	NOUN
fsr-3816	216	21	court	court	NOUN
fsr-3816	216	22	,	,	PUNCT
fsr-3816	216	23	u.s	u.s	PROPN
fsr-3816	216	24	.	.	PROPN
fsr-3816	216	25	district	district	NOUN
fsr-3816	216	26	court	court	NOUN
fsr-3816	216	27	,	,	PUNCT
fsr-3816	216	28	middle	middle	ADJ
fsr-3816	216	29	district	district	PROPN
fsr-3816	216	30	of	of	ADP
fsr-3816	216	31	florida	florida	PROPN
fsr-3816	216	32	.	.	PUNCT
fsr-3816	217	1	it	it	PRON
fsr-3816	217	2	consists	consist	VERB
fsr-3816	217	3	of	of	ADP
fsr-3816	217	4	167	167	NUM
fsr-3816	217	5	personal	personal	ADJ
fsr-3816	217	6	bankruptcy	bankruptcy	NOUN
fsr-3816	217	7	petitions	petition	NOUN
fsr-3816	217	8	filed	file	VERB
fsr-3816	217	9	with	with	ADP
fsr-3816	217	10	the	the	DET
fsr-3816	217	11	court	court	NOUN
fsr-3816	217	12	.	.	PUNCT
fsr-3816	218	1	of	of	ADP
fsr-3816	218	2	these	these	DET
fsr-3816	218	3	112	112	NUM
fsr-3816	218	4	(	(	PUNCT
fsr-3816	218	5	67	67	NUM
fsr-3816	218	6	%	%	NOUN
fsr-3816	218	7	)	)	PUNCT
fsr-3816	218	8	may	may	AUX
fsr-3816	218	9	be	be	AUX
fsr-3816	218	10	labeled	label	VERB
fsr-3816	218	11	as	as	ADP
fsr-3816	218	12	nominal	nominal	ADJ
fsr-3816	218	13	asset	asset	NOUN
fsr-3816	218	14	cases	case	NOUN
fsr-3816	218	15	because	because	SCONJ
fsr-3816	218	16	the	the	DET
fsr-3816	218	17	bank	bank	NOUN
fsr-3816	218	18	ruptcy	ruptcy	NOUN
fsr-3816	218	19	costs	cost	NOUN
fsr-3816	218	20	involved	involve	VERB
fsr-3816	218	21	exceeded	exceed	VERB
fsr-3816	218	22	the	the	DET
fsr-3816	218	23	value	value	NOUN
fsr-3816	218	24	of	of	ADP
fsr-3816	218	25	the	the	DET
fsr-3816	218	26	assets	asset	NOUN
fsr-3816	218	27	involved	involve	VERB
fsr-3816	218	28	.	.	PUNCT
fsr-3816	219	1	*	*	PUNCT
fsr-3816	219	2	accordingly	accordingly	ADV
fsr-3816	219	3	,	,	PUNCT
fsr-3816	219	4	the	the	DET
fsr-3816	219	5	other	other	ADJ
fsr-3816	219	6	55	55	NUM
fsr-3816	219	7	will	will	AUX
fsr-3816	219	8	be	be	AUX
fsr-3816	219	9	labeled	label	VERB
fsr-3816	219	10	as	as	ADP
fsr-3816	219	11	asset	asset	NOUN
fsr-3816	219	12	cases	case	NOUN
fsr-3816	219	13	.	.	PUNCT
fsr-3816	220	1	the	the	DET
fsr-3816	220	2	observation	observation	NOUN
fsr-3816	220	3	that	that	SCONJ
fsr-3816	220	4	two	two	NUM
fsr-3816	220	5	-	-	PUNCT
fsr-3816	220	6	thirds	third	NOUN
fsr-3816	220	7	of	of	ADP
fsr-3816	220	8	those	those	DET
fsr-3816	220	9	cases	case	NOUN
fsr-3816	220	10	result	result	VERB
fsr-3816	220	11	in	in	ADP
fsr-3816	220	12	the	the	DET
fsr-3816	220	13	total	total	ADJ
fsr-3816	220	14	loss	loss	NOUN
fsr-3816	220	15	of	of	ADP
fsr-3816	220	16	assets	asset	NOUN
fsr-3816	220	17	provides	provide	VERB
fsr-3816	220	18	direct	direct	ADJ
fsr-3816	220	19	evidence	evidence	NOUN
fsr-3816	220	20	in	in	ADP
fsr-3816	220	21	support	support	NOUN
fsr-3816	220	22	of	of	ADP
fsr-3816	220	23	our	our	PRON
fsr-3816	220	24	hl	hl	NOUN
fsr-3816	220	25	hypothesis	hypothesis	NOUN
fsr-3816	220	26	and	and	CCONJ
fsr-3816	220	27	indirect	indirect	ADJ
fsr-3816	220	28	evidence	evidence	NOUN
fsr-3816	220	29	in	in	ADP
fsr-3816	220	30	support	support	NOUN
fsr-3816	220	31	of	of	ADP
fsr-3816	220	32	the	the	DET
fsr-3816	220	33	h3	h3	NOUN
fsr-3816	220	34	hypothesis	hypothesis	NOUN
fsr-3816	220	35	.	.	PUNCT
fsr-3816	221	1	however	however	ADV
fsr-3816	221	2	,	,	PUNCT
fsr-3816	221	3	direct	direct	ADJ
fsr-3816	221	4	evidence	evidence	NOUN
fsr-3816	221	5	available	available	ADJ
fsr-3816	221	6	elsewhere	elsewhere	ADV
fsr-3816	221	7	does	do	AUX
fsr-3816	221	8	provide	provide	VERB
fsr-3816	221	9	additional	additional	ADJ
fsr-3816	221	10	strong	strong	ADJ
fsr-3816	221	11	support	support	NOUN
fsr-3816	221	12	for	for	ADP
fsr-3816	221	13	the	the	DET
fsr-3816	221	14	last	last	ADJ
fsr-3816	221	15	hypothesis	hypothesis	NOUN
fsr-3816	221	16	.	.	PUNCT
fsr-3816	222	1	consider	consider	VERB
fsr-3816	222	2	,	,	PUNCT
fsr-3816	222	3	for	for	ADP
fsr-3816	222	4	example	example	NOUN
fsr-3816	222	5	,	,	PUNCT
fsr-3816	222	6	bhandari	bhandari	NOUN
fsr-3816	222	7	and	and	CCONJ
fsr-3816	222	8	weiss	weiss	PROPN
fsr-3816	222	9	(	(	PUNCT
fsr-3816	222	10	1993	1993	NUM
fsr-3816	222	11	)	)	PUNCT
fsr-3816	222	12	results	result	VERB
fsr-3816	222	13	that	that	SCONJ
fsr-3816	222	14	the	the	DET
fsr-3816	222	15	bankruptcy	bankruptcy	NOUN
fsr-3816	222	16	code	code	NOUN
fsr-3816	222	17	does	do	AUX
fsr-3816	222	18	not	not	PART
fsr-3816	222	19	appear	appear	VERB
fsr-3816	222	20	to	to	PART
fsr-3816	222	21	have	have	AUX
fsr-3816	222	22	had	have	VERB
fsr-3816	222	23	a	a	DET
fsr-3816	222	24	significant	significant	ADJ
fsr-3816	222	25	effect	effect	NOUN
fsr-3816	222	26	on	on	ADP
fsr-3816	222	27	the	the	DET
fsr-3816	222	28	rate	rate	NOUN
fsr-3816	222	29	of	of	ADP
fsr-3816	222	30	personal	personal	ADJ
fsr-3816	222	31	bankruptcy	bankruptcy	NOUN
fsr-3816	222	32	filings	filing	NOUN
fsr-3816	222	33	;	;	PUNCT
fsr-3816	222	34	buckley	buckley	NOUN
fsr-3816	222	35	and	and	CCONJ
fsr-3816	222	36	brining	brining	NOUN
fsr-3816	222	37	’s	’s	PART
fsr-3816	222	38	(	(	PUNCT
fsr-3816	222	39	1995	1995	NUM
fsr-3816	222	40	)	)	PUNCT
fsr-3816	222	41	findings	finding	VERB
fsr-3816	222	42	that	that	SCONJ
fsr-3816	222	43	differences	difference	NOUN
fsr-3816	222	44	in	in	ADP
fsr-3816	222	45	state	state	NOUN
fsr-3816	222	46	filing	filing	NOUN
fsr-3816	222	47	rates	rate	NOUN
fsr-3816	222	48	are	be	AUX
fsr-3816	222	49	not	not	PART
fsr-3816	222	50	attributable	attributable	ADJ
fsr-3816	222	51	to	to	ADP
fsr-3816	222	52	legal	legal	ADJ
fsr-3816	222	53	or	or	CCONJ
fsr-3816	222	54	common	common	ADJ
fsr-3816	222	55	economic	economic	ADJ
fsr-3816	222	56	variables	variable	NOUN
fsr-3816	222	57	;	;	PUNCT
fsr-3816	222	58	and	and	CCONJ
fsr-3816	222	59	sullivan	sullivan	PROPN
fsr-3816	222	60	,	,	PUNCT
fsr-3816	222	61	warren	warren	PROPN
fsr-3816	222	62	and	and	CCONJ
fsr-3816	222	63	westerbrook	westerbrook	VERB
fsr-3816	222	64	’s	’s	PART
fsr-3816	222	65	(	(	PUNCT
fsr-3816	222	66	1994	1994	NUM
fsr-3816	222	67	)	)	PUNCT
fsr-3816	222	68	finding	find	VERB
fsr-3816	222	69	that	that	SCONJ
fsr-3816	222	70	debtors	debtor	NOUN
fsr-3816	222	71	in	in	ADP
fsr-3816	222	72	high	high	ADJ
fsr-3816	222	73	-	-	PUNCT
fsr-3816	222	74	exemption	exemption	NOUN
fsr-3816	222	75	and	and	CCONJ
fsr-3816	222	76	low	low	ADJ
fsr-3816	222	77	-	-	PUNCT
fsr-3816	222	78	exemption	exemption	NOUN
fsr-3816	222	79	states	state	NOUN
fsr-3816	222	80	filed	file	VERB
fsr-3816	222	81	for	for	ADP
fsr-3816	222	82	bankruptcy	bankruptcy	NOUN
fsr-3816	222	83	and	and	CCONJ
fsr-3816	222	84	selected	select	VERB
fsr-3816	222	85	chapter	chapter	NOUN
fsr-3816	222	86	13	13	NUM
fsr-3816	222	87	in	in	ADP
fsr-3816	222	88	similar	similar	ADJ
fsr-3816	222	89	proportions	proportion	NOUN
fsr-3816	222	90	.	.	PUNCT
fsr-3816	223	1	these	these	DET
fsr-3816	223	2	findings	finding	NOUN
fsr-3816	223	3	all	all	PRON
fsr-3816	223	4	support	support	VERB
fsr-3816	223	5	the	the	DET
fsr-3816	223	6	notion	notion	NOUN
fsr-3816	223	7	of	of	ADP
fsr-3816	223	8	lack	lack	NOUN
fsr-3816	223	9	of	of	ADP
fsr-3816	223	10	sophistication	sophistication	NOUN
fsr-3816	223	11	on	on	ADP
fsr-3816	223	12	the	the	DET
fsr-3816	223	13	part	part	NOUN
fsr-3816	223	14	of	of	ADP
fsr-3816	223	15	individuals	individual	NOUN
fsr-3816	223	16	in	in	ADP
fsr-3816	223	17	financial	financial	ADJ
fsr-3816	223	18	distress	distress	NOUN
fsr-3816	223	19	.	.	PUNCT
fsr-3816	224	1	the	the	DET
fsr-3816	224	2	breakdown	breakdown	NOUN
fsr-3816	224	3	of	of	ADP
fsr-3816	224	4	personal	personal	ADJ
fsr-3816	224	5	bankruptcy	bankruptcy	NOUN
fsr-3816	224	6	cases	case	NOUN
fsr-3816	224	7	by	by	ADP
fsr-3816	224	8	the	the	DET
fsr-3816	224	9	range	range	NOUN
fsr-3816	224	10	of	of	ADP
fsr-3816	224	11	the	the	DET
fsr-3816	224	12	amount	amount	NOUN
fsr-3816	224	13	of	of	ADP
fsr-3816	224	14	claims	claim	NOUN
fsr-3816	224	15	is	be	AUX
fsr-3816	224	16	shown	show	VERB
fsr-3816	224	17	in	in	ADP
fsr-3816	224	18	table	table	NOUN
fsr-3816	224	19	2	2	NUM
fsr-3816	224	20	.	.	PUNCT
fsr-3816	225	1	the	the	DET
fsr-3816	225	2	greatest	great	ADJ
fsr-3816	225	3	concentration	concentration	NOUN
fsr-3816	225	4	of	of	ADP
fsr-3816	225	5	these	these	DET
fsr-3816	225	6	cases	case	NOUN
fsr-3816	225	7	is	be	AUX
fsr-3816	225	8	in	in	ADP
fsr-3816	225	9	the	the	DET
fsr-3816	225	10	less	less	ADJ
fsr-3816	225	11	than	than	ADP
fsr-3816	225	12	$	$	SYM
fsr-3816	225	13	20,000	20,000	NUM
fsr-3816	225	14	range	range	NOUN
fsr-3816	225	15	of	of	ADP
fsr-3816	225	16	claims:9	claims:9	NOUN
fsr-3816	225	17	39	39	NUM
fsr-3816	225	18	%	%	NOUN
fsr-3816	225	19	of	of	ADP
fsr-3816	225	20	all	all	DET
fsr-3816	225	21	cases	case	NOUN
fsr-3816	225	22	and	and	CCONJ
fsr-3816	225	23	53	53	NUM
fsr-3816	225	24	%	%	NOUN
fsr-3816	225	25	of	of	ADP
fsr-3816	225	26	asset	asset	NOUN
fsr-3816	225	27	cases	case	NOUN
fsr-3816	225	28	fall	fall	VERB
fsr-3816	225	29	in	in	ADP
fsr-3816	225	30	this	this	DET
fsr-3816	225	31	range	range	NOUN
fsr-3816	225	32	.	.	PUNCT
fsr-3816	226	1	also	also	ADV
fsr-3816	226	2	,	,	PUNCT
fsr-3816	226	3	it	it	PRON
fsr-3816	226	4	appears	appear	VERB
fsr-3816	226	5	that	that	SCONJ
fsr-3816	226	6	the	the	DET
fsr-3816	226	7	ratio	ratio	NOUN
fsr-3816	226	8	of	of	ADP
fsr-3816	226	9	total	total	ADJ
fsr-3816	226	10	administrative	administrative	ADJ
fsr-3816	226	11	costs	cost	NOUN
fsr-3816	226	12	to	to	PART
fsr-3816	226	13	total	total	VERB
fsr-3816	226	14	debt	debt	NOUN
fsr-3816	226	15	declines	decline	NOUN
fsr-3816	226	16	as	as	ADP
fsr-3816	226	17	the	the	DET
fsr-3816	226	18	amount	amount	NOUN
fsr-3816	226	19	of	of	ADP
fsr-3816	226	20	claims	claim	NOUN
fsr-3816	226	21	increases	increase	NOUN
fsr-3816	226	22	,	,	PUNCT
fsr-3816	226	23	but	but	CCONJ
fsr-3816	226	24	no	no	DET
fsr-3816	226	25	such	such	ADJ
fsr-3816	226	26	appearance	appearance	NOUN
fsr-3816	226	27	is	be	AUX
fsr-3816	226	28	present	present	ADJ
fsr-3816	226	29	for	for	ADP
fsr-3816	226	30	the	the	DET
fsr-3816	226	31	ratio	ratio	NOUN
fsr-3816	226	32	of	of	ADP
fsr-3816	226	33	administrative	administrative	ADJ
fsr-3816	226	34	costs	cost	NOUN
fsr-3816	226	35	to	to	ADP
fsr-3816	226	36	net	net	ADJ
fsr-3816	226	37	proceeds	proceed	NOUN
fsr-3816	226	38	realized	realize	VERB
fsr-3816	226	39	.	.	PUNCT
fsr-3816	227	1	the	the	DET
fsr-3816	227	2	former	former	ADJ
fsr-3816	227	3	may	may	AUX
fsr-3816	227	4	be	be	AUX
fsr-3816	227	5	regarded	regard	VERB
fsr-3816	227	6	as	as	ADP
fsr-3816	227	7	an	an	DET
fsr-3816	227	8	estimate	estimate	NOUN
fsr-3816	227	9	of	of	ADP
fsr-3816	227	10	bp	bp	PROPN
fsr-3816	227	11	.	.	PUNCT
fsr-3816	228	1	when	when	SCONJ
fsr-3816	228	2	all	all	DET
fsr-3816	228	3	cases	case	NOUN
fsr-3816	228	4	are	be	AUX
fsr-3816	228	5	considered	consider	VERB
fsr-3816	228	6	the	the	DET
fsr-3816	228	7	magnitude	magnitude	NOUN
fsr-3816	228	8	of	of	ADP
fsr-3816	228	9	these	these	DET
fsr-3816	228	10	costs	cost	NOUN
fsr-3816	228	11	is	be	AUX
fsr-3816	228	12	not	not	PART
fsr-3816	228	13	,	,	PUNCT
fsr-3816	228	14	in	in	ADP
fsr-3816	228	15	any	any	PRON
fsr-3816	228	16	of	of	ADP
fsr-3816	228	17	the	the	DET
fsr-3816	228	18	ranges	range	NOUN
fsr-3816	228	19	of	of	ADP
fsr-3816	228	20	claims	claim	NOUN
fsr-3816	228	21	,	,	PUNCT
fsr-3816	229	1	less	less	ADJ
fsr-3816	229	2	than	than	ADP
fsr-3816	229	3	9	9	NUM
fsr-3816	229	4	2	2	NUM
fsr-3816	229	5	t	t	NOUN
fsr-3816	229	6	a	a	DET
fsr-3816	229	7	b	b	NOUN
fsr-3816	229	8	l	l	NOUN
fsr-3816	229	9	e	e	NOUN
fsr-3816	229	10	2	2	NUM
fsr-3816	229	11	s	s	PART
fsr-3816	229	12	c	c	NOUN
fsr-3816	229	13	ha	ha	INTJ
fsr-3816	229	14	ra	ra	INTJ
fsr-3816	230	1	ct	ct	INTJ
fsr-3816	230	2	er	er	INTJ
fsr-3816	230	3	is	be	AUX
fsr-3816	230	4	tic	tic	ADJ
fsr-3816	230	5	s	s	NOUN
fsr-3816	230	6	of	of	ADP
fsr-3816	230	7	p	p	NOUN
fsr-3816	230	8	er	er	INTJ
fsr-3816	230	9	so	so	ADV
fsr-3816	230	10	na	na	ADP
fsr-3816	230	11	l	l	NOUN
fsr-3816	230	12	b	b	PROPN
fsr-3816	230	13	an	an	DET
fsr-3816	230	14	kr	kr	PROPN
fsr-3816	230	15	up	up	ADP
fsr-3816	230	16	tc	tc	NUM
fsr-3816	230	17	y	y	PROPN
fsr-3816	230	18	c	c	PROPN
fsr-3816	230	19	as	as	ADP
fsr-3816	230	20	es	es	ADP
fsr-3816	230	21	h	h	NOUN
fsr-3816	231	1	b	b	NOUN
fsr-3816	231	2	r	r	NOUN
fsr-3816	231	3	an	an	DET
fsr-3816	231	4	ge	ge	NOUN
fsr-3816	231	5	of	of	ADP
fsr-3816	231	6	th	th	X
fsr-3816	231	7	e	e	PROPN
fsr-3816	231	8	b	b	PROPN
fsr-3816	232	1	*	*	PUNCT
fsr-3816	232	2	d	d	X
fsr-3816	232	3	ol	ol	PROPN
fsr-3816	232	4	lu	lu	PROPN
fsr-3816	232	5	r	r	PROPN
fsr-3816	232	6	a	a	DET
fsr-3816	232	7	m	m	NOUN
fsr-3816	232	8	ou	ou	NOUN
fsr-3816	232	9	nt	not	PART
fsr-3816	232	10	.	.	PUNCT
fsr-3816	233	1	t	t	PROPN
fsr-3816	233	2	ot	ot	INTJ
fsr-3816	233	3	al	al	PROPN
fsr-3816	233	4	a	a	DET
fsr-3816	233	5	dm	dm	PROPN
fsr-3816	233	6	in	in	ADP
fsr-3816	233	7	is	be	AUX
fsr-3816	233	8	tr	tr	VERB
fsr-3816	233	9	uf	uf	NOUN
fsr-3816	233	10	iv	iv	NUM
fsr-3816	233	11	e	e	NOUN
fsr-3816	233	12	n	n	ADP
fsr-3816	233	13	et	et	NOUN
fsr-3816	233	14	p	p	PROPN
fsr-3816	233	15	ro	ro	X
fsr-3816	233	16	ce	ce	PROPN
fsr-3816	233	17	ed	ed	PROPN
fsr-3816	233	18	s	s	PROPN
fsr-3816	233	19	2	2	NUM
fsr-3816	233	20	of	of	ADP
fsr-3816	233	21	c	c	PROPN
fsr-3816	233	22	la	la	VERB
fsr-3816	233	23	i	i	PROPN
fsr-3816	233	24	m	m	VERB
fsr-3816	233	25	s	s	VERB
fsr-3816	233	26	pe	pe	INTJ
fsr-3816	233	27	r	r	NOUN
fsr-3816	233	28	c	c	NOUN
fsr-3816	233	29	as	as	SCONJ
fsr-3816	233	30	e	e	PROPN
fsr-3816	233	31	n	n	AUX
fsr-3816	233	32	um	um	INTJ
fsr-3816	233	33	be	be	AUX
fsr-3816	233	34	r	r	NOUN
fsr-3816	233	35	of	of	ADP
fsr-3816	233	36	c	c	NOUN
fsr-3816	233	37	as	as	ADP
fsr-3816	233	38	es	es	PRON
fsr-3816	233	39	t	t	PROPN
fsr-3816	233	40	ot	ot	INTJ
fsr-3816	233	41	al	al	PROPN
fsr-3816	233	42	d	d	PROPN
fsr-3816	233	43	eb	eb	PROPN
fsr-3816	233	44	t	t	PROPN
fsr-3816	233	45	(	(	PUNCT
fsr-3816	233	46	t	t	PROPN
fsr-3816	233	47	d	d	PROPN
fsr-3816	233	48	)	)	PUNCT
fsr-3816	233	49	c	c	X
fsr-3816	234	1	os	os	NOUN
fsr-3816	234	2	ts	ts	X
fsr-3816	234	3	(	(	PUNCT
fsr-3816	234	4	a	a	DET
fsr-3816	234	5	c	c	NOUN
fsr-3816	234	6	)	)	PUNCT
fsr-3816	235	1	r	r	NOUN
fsr-3816	235	2	ea	ea	NUM
fsr-3816	235	3	li	li	PROPN
fsr-3816	236	1	ze	ze	PROPN
fsr-3816	237	1	d	d	PROPN
fsr-3816	238	1	(	(	PUNCT
fsr-3816	239	1	n	n	CCONJ
fsr-3816	239	2	p	p	NOUN
fsr-3816	239	3	r	r	NOUN
fsr-3816	239	4	)	)	PUNCT
fsr-3816	240	1	a	a	DET
fsr-3816	240	2	c	c	NOUN
fsr-3816	240	3	/t	/t	PUNCT
fsr-3816	241	1	d	d	X
fsr-3816	241	2	a	a	DET
fsr-3816	241	3	u	u	NOUN
fsr-3816	241	4	n	n	ADP
fsr-3816	241	5	p	p	NOUN
fsr-3816	241	6	r	r	NOUN
fsr-3816	241	7	‘	'	PUNCT
fsr-3816	241	8	c	c	NOUN
fsr-3816	241	9	r	r	NOUN
fsr-3816	241	10	0	0	NUM
fsr-3816	241	11	”	"	PUNCT
fsr-3816	241	12	k	k	PROPN
fsr-3816	241	13	a	a	PRON
fsr-3816	241	14	:	:	PUNCT
fsr-3816	241	15	a	a	DET
fsr-3816	241	16	ll	ll	NOUN
fsr-3816	241	17	c	c	NOUN
fsr-3816	241	18	as	as	ADP
fsr-3816	241	19	es	es	X
fsr-3816	241	20	s	s	PROPN
fsr-3816	241	21	o	o	NOUN
fsr-3816	241	22	-$	-$	NOUN
fsr-3816	241	23	9	9	NUM
fsr-3816	241	24	,	,	PUNCT
fsr-3816	241	25	99	99	NUM
fsr-3816	241	26	9	9	NUM
fsr-3816	241	27	io	io	NUM
fsr-3816	241	28	19	19	NUM
fsr-3816	241	29	,	,	PUNCT
fsr-3816	241	30	9	9	NUM
fsr-3816	241	31	99	99	NUM
fsr-3816	241	32	20	20	NUM
fsr-3816	241	33	29	29	NUM
fsr-3816	241	34	,	,	PUNCT
fsr-3816	241	35	9	9	NUM
fsr-3816	241	36	99	99	NUM
fsr-3816	241	37	30	30	NUM
fsr-3816	241	38	-3	-3	SYM
fsr-3816	241	39	9	9	NUM
fsr-3816	241	40	.	.	SYM
fsr-3816	241	41	99	99	NUM
fsr-3816	241	42	9	9	NUM
fsr-3816	241	43	40	40	NUM
fsr-3816	241	44	.4	.4	NUM
fsr-3816	241	45	9	9	NUM
fsr-3816	241	46	,	,	PUNCT
fsr-3816	241	47	99	99	NUM
fsr-3816	241	48	9	9	NUM
fsr-3816	241	49	50	50	NUM
fsr-3816	241	50	.5	.5	NUM
fsr-3816	241	51	9	9	NUM
fsr-3816	241	52	,	,	PUNCT
fsr-3816	241	53	99	99	NUM
fsr-3816	241	54	9	9	NUM
fsr-3816	241	55	60	60	NUM
fsr-3816	241	56	69	69	NUM
fsr-3816	241	57	,	,	PUNCT
fsr-3816	241	58	9	9	NUM
fsr-3816	241	59	99	99	NUM
fsr-3816	241	60	70	70	NUM
fsr-3816	241	61	-7	-7	NOUN
fsr-3816	241	62	9	9	NUM
fsr-3816	241	63	.	.	SYM
fsr-3816	241	64	99	99	NUM
fsr-3816	241	65	9	9	NUM
fsr-3816	241	66	80	80	NUM
fsr-3816	241	67	89	89	NUM
fsr-3816	241	68	,	,	PUNCT
fsr-3816	241	69	9	9	NUM
fsr-3816	241	70	99	99	NUM
fsr-3816	241	71	90	90	NUM
fsr-3816	241	72	99	99	NUM
fsr-3816	241	73	,	,	PUNCT
fsr-3816	241	74	9	9	NUM
fsr-3816	241	75	99	99	NUM
fsr-3816	241	76	lo	lo	NOUN
fsr-3816	241	77	o19	o19	ADP
fsr-3816	241	78	9	9	NUM
fsr-3816	241	79	,	,	PUNCT
fsr-3816	241	80	99	99	NUM
fsr-3816	241	81	9	9	NUM
fsr-3816	241	82	20	20	NUM
fsr-3816	241	83	0	0	NUM
fsr-3816	241	84	,	,	PUNCT
fsr-3816	241	85	00	00	NUM
fsr-3816	241	86	0	0	NUM
fsr-3816	241	87	&	&	CCONJ
fsr-3816	241	88	m	m	PROPN
fsr-3816	241	89	or	or	CCONJ
fsr-3816	241	90	e	e	X
fsr-3816	241	91	t	t	PROPN
fsr-3816	241	92	ot	ot	INTJ
fsr-3816	241	93	al	al	PROPN
fsr-3816	241	94	a	a	PROPN
fsr-3816	241	95	ve	ve	VERB
fsr-3816	241	96	ra	ra	PROPN
fsr-3816	241	97	ge	ge	PROPN
fsr-3816	241	98	35	35	NUM
fsr-3816	241	99	30	30	NUM
fsr-3816	241	100	14	14	NUM
fsr-3816	241	101	17	17	NUM
fsr-3816	241	102	6	6	NUM
fsr-3816	241	103	10	10	NUM
fsr-3816	241	104	5	5	NUM
fsr-3816	241	105	8	8	NUM
fsr-3816	241	106	3	3	NUM
fsr-3816	241	107	6	6	NUM
fsr-3816	241	108	21	21	NUM
fsr-3816	241	109	12	12	NUM
fsr-3816	241	110	16	16	NUM
fsr-3816	241	111	7	7	NUM
fsr-3816	241	112	$	$	SYM
fsr-3816	241	113	20	20	NUM
fsr-3816	241	114	5	5	NUM
fsr-3816	241	115	,	,	PUNCT
fsr-3816	241	116	02	02	NUM
fsr-3816	241	117	9	9	NUM
fsr-3816	241	118	$	$	SYM
fsr-3816	241	119	13	13	NUM
fsr-3816	241	120	,	,	PUNCT
fsr-3816	241	121	8	8	NUM
fsr-3816	241	122	92	92	NUM
fsr-3816	241	123	$	$	SYM
fsr-3816	241	124	26	26	NUM
fsr-3816	241	125	,	,	PUNCT
fsr-3816	241	126	4	4	NUM
fsr-3816	241	127	19	19	NUM
fsr-3816	241	128	42	42	NUM
fsr-3816	241	129	5	5	NUM
fsr-3816	241	130	,	,	PUNCT
fsr-3816	241	131	67	67	NUM
fsr-3816	241	132	4	4	NUM
fsr-3816	241	133	17	17	NUM
fsr-3816	241	134	,	,	PUNCT
fsr-3816	241	135	5	5	NUM
fsr-3816	241	136	62	62	NUM
fsr-3816	241	137	31	31	NUM
fsr-3816	241	138	,	,	PUNCT
fsr-3816	241	139	1	1	NUM
fsr-3816	241	140	25	25	NUM
fsr-3816	241	141	34	34	NUM
fsr-3816	241	142	7	7	NUM
fsr-3816	241	143	,	,	PUNCT
fsr-3816	241	144	81	81	NUM
fsr-3816	241	145	4	4	NUM
fsr-3816	241	146	5	5	NUM
fsr-3816	241	147	,	,	PUNCT
fsr-3816	241	148	69	69	NUM
fsr-3816	241	149	6	6	NUM
fsr-3816	241	150	6	6	NUM
fsr-3816	241	151	,	,	PUNCT
fsr-3816	241	152	45	45	NUM
fsr-3816	241	153	6	6	NUM
fsr-3816	241	154	59	59	NUM
fsr-3816	241	155	0	0	NUM
fsr-3816	241	156	,	,	PUNCT
fsr-3816	241	157	57	57	NUM
fsr-3816	241	158	3	3	NUM
fsr-3816	241	159	7	7	NUM
fsr-3816	241	160	,	,	PUNCT
fsr-3816	241	161	14	14	NUM
fsr-3816	241	162	8	8	NUM
fsr-3816	241	163	17	17	NUM
fsr-3816	241	164	,	,	PUNCT
fsr-3816	241	165	8	8	NUM
fsr-3816	241	166	41	41	NUM
fsr-3816	241	167	25	25	NUM
fsr-3816	241	168	8	8	NUM
fsr-3816	241	169	,	,	PUNCT
fsr-3816	241	170	05	05	NUM
fsr-3816	241	171	3	3	NUM
fsr-3816	241	172	2	2	NUM
fsr-3816	241	173	,	,	PUNCT
fsr-3816	241	174	99	99	NUM
fsr-3816	241	175	2	2	NUM
fsr-3816	241	176	6	6	NUM
fsr-3816	241	177	,	,	PUNCT
fsr-3816	241	178	25	25	NUM
fsr-3816	241	179	7	7	NUM
fsr-3816	241	180	55	55	NUM
fsr-3816	241	181	8	8	NUM
fsr-3816	241	182	,	,	PUNCT
fsr-3816	241	183	55	55	NUM
fsr-3816	241	184	9	9	NUM
fsr-3816	241	185	9	9	NUM
fsr-3816	241	186	,	,	PUNCT
fsr-3816	241	187	22	22	NUM
fsr-3816	241	188	9	9	NUM
fsr-3816	241	189	11	11	NUM
fsr-3816	241	190	,	,	PUNCT
fsr-3816	241	191	3	3	NUM
fsr-3816	241	192	50	50	NUM
fsr-3816	241	193	32	32	NUM
fsr-3816	241	194	1	1	NUM
fsr-3816	241	195	,	,	PUNCT
fsr-3816	241	196	77	77	NUM
fsr-3816	241	197	2	2	NUM
fsr-3816	241	198	4	4	NUM
fsr-3816	241	199	,	,	PUNCT
fsr-3816	241	200	93	93	NUM
fsr-3816	241	201	1	1	NUM
fsr-3816	241	202	14	14	NUM
fsr-3816	241	203	,	,	PUNCT
fsr-3816	241	204	7	7	NUM
fsr-3816	241	205	82	82	NUM
fsr-3816	241	206	59	59	NUM
fsr-3816	241	207	7	7	NUM
fsr-3816	241	208	,	,	PUNCT
fsr-3816	241	209	77	77	NUM
fsr-3816	241	210	3	3	NUM
fsr-3816	241	211	8	8	NUM
fsr-3816	241	212	,	,	PUNCT
fsr-3816	241	213	85	85	NUM
fsr-3816	241	214	2	2	NUM
fsr-3816	241	215	20	20	NUM
fsr-3816	241	216	,	,	PUNCT
fsr-3816	241	217	3	3	NUM
fsr-3816	241	218	1	1	NUM
fsr-3816	241	219	0	0	NUM
fsr-3816	241	220	25	25	NUM
fsr-3816	241	221	6	6	NUM
fsr-3816	241	222	,	,	PUNCT
fsr-3816	241	223	96	96	NUM
fsr-3816	241	224	0	0	NUM
fsr-3816	241	225	1	1	NUM
fsr-3816	241	226	,	,	PUNCT
fsr-3816	241	227	80	80	NUM
fsr-3816	241	228	4	4	NUM
fsr-3816	241	229	3	3	NUM
fsr-3816	241	230	,	,	PUNCT
fsr-3816	241	231	19	19	NUM
fsr-3816	241	232	7	7	NUM
fsr-3816	241	233	57	57	NUM
fsr-3816	241	234	3	3	NUM
fsr-3816	241	235	,	,	PUNCT
fsr-3816	241	236	81	81	NUM
fsr-3816	241	237	2	2	NUM
fsr-3816	241	238	4	4	NUM
fsr-3816	241	239	,	,	PUNCT
fsr-3816	241	240	86	86	NUM
fsr-3816	241	241	2	2	NUM
fsr-3816	241	242	4	4	NUM
fsr-3816	241	243	,	,	PUNCT
fsr-3816	241	244	86	86	NUM
fsr-3816	241	245	2	2	NUM
fsr-3816	241	246	2	2	NUM
fsr-3816	241	247	,	,	PUNCT
fsr-3816	241	248	82	82	NUM
fsr-3816	241	249	1	1	NUM
fsr-3816	241	250	,	,	PUNCT
fsr-3816	241	251	4	4	NUM
fsr-3816	241	252	99	99	NUM
fsr-3816	241	253	16	16	NUM
fsr-3816	241	254	,	,	PUNCT
fsr-3816	241	255	9	9	NUM
fsr-3816	241	256	84	84	NUM
fsr-3816	241	257	26	26	NUM
fsr-3816	241	258	,	,	PUNCT
fsr-3816	241	259	6	6	NUM
fsr-3816	241	260	11	11	NUM
fsr-3816	241	261	$	$	SYM
fsr-3816	241	262	22	22	NUM
fsr-3816	241	263	,	,	PUNCT
fsr-3816	241	264	1	1	NUM
fsr-3816	241	265	31	31	NUM
fsr-3816	241	266	,	,	PUNCT
fsr-3816	241	267	4	4	NUM
fsr-3816	241	268	73	73	NUM
fsr-3816	241	269	19	19	NUM
fsr-3816	241	270	,	,	PUNCT
fsr-3816	241	271	5	5	NUM
fsr-3816	241	272	73	73	NUM
fsr-3816	241	273	51	51	NUM
fsr-3816	241	274	,	,	PUNCT
fsr-3816	241	275	1	1	NUM
fsr-3816	241	276	73	73	NUM
fsr-3816	241	277	$	$	SYM
fsr-3816	241	278	29	29	NUM
fsr-3816	241	279	,	,	PUNCT
fsr-3816	241	280	0	0	NUM
fsr-3816	241	281	88	88	NUM
fsr-3816	241	282	,	,	PUNCT
fsr-3816	241	283	8	8	NUM
fsr-3816	241	284	91	91	NUM
fsr-3816	241	285	$	$	SYM
fsr-3816	241	286	1	1	NUM
fsr-3816	241	287	13	13	NUM
fsr-3816	241	288	,	,	PUNCT
fsr-3816	241	289	1	1	NUM
fsr-3816	241	290	93	93	NUM
fsr-3816	241	291	$	$	SYM
fsr-3816	241	292	2	2	NUM
fsr-3816	241	293	20	20	NUM
fsr-3816	241	294	,	,	PUNCT
fsr-3816	241	295	6	6	NUM
fsr-3816	241	296	43	43	NUM
fsr-3816	241	297	$	$	SYM
fsr-3816	241	298	2	2	NUM
fsr-3816	241	299	,	,	PUNCT
fsr-3816	241	300	42	42	NUM
fsr-3816	241	301	4	4	NUM
fsr-3816	241	302	,	,	PUNCT
fsr-3816	241	303	07	07	NUM
fsr-3816	241	304	4	4	NUM
fsr-3816	241	305	$	$	SYM
fsr-3816	241	306	9	9	NUM
fsr-3816	241	307	,	,	PUNCT
fsr-3816	241	308	4	4	NUM
fsr-3816	241	309	33	33	NUM
fsr-3816	241	310	$	$	SYM
fsr-3816	241	311	18	18	NUM
fsr-3816	241	312	,	,	PUNCT
fsr-3816	241	313	3	3	NUM
fsr-3816	241	314	87	87	NUM
fsr-3816	241	315	.0	.0	NUM
fsr-3816	241	316	67	67	NUM
fsr-3816	241	317	7	7	NUM
fsr-3816	241	318	.5	.5	NUM
fsr-3816	241	319	25	25	NUM
fsr-3816	241	320	8	8	NUM
fsr-3816	241	321	.0	.0	NUM
fsr-3816	241	322	41	41	NUM
fsr-3816	241	323	2	2	NUM
fsr-3816	241	324	.5	.5	NUM
fsr-3816	241	325	64	64	NUM
fsr-3816	241	326	2	2	NUM
fsr-3816	241	327	.0	.0	NUM
fsr-3816	241	328	16	16	NUM
fsr-3816	241	329	3	3	NUM
fsr-3816	241	330	.8	.8	NUM
fsr-3816	241	331	82	82	NUM
fsr-3816	241	332	2	2	NUM
fsr-3816	241	333	.0	.0	NUM
fsr-3816	241	334	12	12	NUM
fsr-3816	241	335	1	1	NUM
fsr-3816	241	336	.4	.4	NUM
fsr-3816	241	337	00	00	NUM
fsr-3816	241	338	6	6	NUM
fsr-3816	241	339	.0	.0	NUM
fsr-3816	241	340	11	11	NUM
fsr-3816	241	341	5	5	NUM
fsr-3816	241	342	,	,	PUNCT
fsr-3816	241	343	4	4	NUM
fsr-3816	241	344	78	78	NUM
fsr-3816	241	345	1	1	NUM
fsr-3816	241	346	.0	.0	NUM
fsr-3816	241	347	16	16	NUM
fsr-3816	241	348	5	5	NUM
fsr-3816	241	349	.8	.8	NUM
fsr-3816	241	350	13	13	NUM
fsr-3816	241	351	1	1	NUM
fsr-3816	241	352	.0	.0	NUM
fsr-3816	241	353	15	15	NUM
fsr-3816	241	354	3	3	NUM
fsr-3816	241	355	.3	.3	NUM
fsr-3816	241	356	33	33	NUM
fsr-3816	241	357	5	5	NUM
fsr-3816	241	358	.0	.0	NUM
fsr-3816	241	359	14	14	NUM
fsr-3816	241	360	8	8	NUM
fsr-3816	241	361	.4	.4	NUM
fsr-3816	241	362	35	35	NUM
fsr-3816	241	363	8	8	NUM
fsr-3816	241	364	.0	.0	NUM
fsr-3816	241	365	07	07	NUM
fsr-3816	241	366	0	0	NUM
fsr-3816	241	367	.5	.5	NUM
fsr-3816	241	368	64	64	NUM
fsr-3816	241	369	2	2	NUM
fsr-3816	241	370	.0	.0	NUM
fsr-3816	241	371	07	07	NUM
fsr-3816	241	372	8	8	NUM
fsr-3816	241	373	.9	.9	NUM
fsr-3816	241	374	31	31	NUM
fsr-3816	241	375	7	7	NUM
fsr-3816	241	376	.0	.0	NUM
fsr-3816	241	377	06	06	NUM
fsr-3816	241	378	0	0	NUM
fsr-3816	241	379	.6	.6	NUM
fsr-3816	242	1	36	36	NUM
fsr-3816	242	2	7	7	NUM
fsr-3816	242	3	.0	.0	NUM
fsr-3816	242	4	00	00	NUM
fsr-3816	242	5	8	8	NUM
fsr-3816	242	6	.3	.3	NUM
fsr-3816	242	7	82	82	NUM
fsr-3816	242	8	4	4	NUM
fsr-3816	242	9	,	,	PUNCT
fsr-3816	242	10	0	0	NUM
fsr-3816	242	11	18	18	NUM
fsr-3816	242	12	,	,	PUNCT
fsr-3816	242	13	5	5	NUM
fsr-3816	242	14	79	79	NUM
fsr-3816	242	15	b	b	NOUN
fsr-3816	242	16	:	:	PUNCT
fsr-3816	242	17	a	a	DET
fsr-3816	242	18	ss	ss	NOUN
fsr-3816	242	19	et	et	NOUN
fsr-3816	242	20	c	c	NOUN
fsr-3816	242	21	as	as	ADP
fsr-3816	242	22	es	es	X
fsr-3816	242	23	o	o	NOUN
fsr-3816	242	24	nl	nl	NOUN
fsr-3816	242	25	y	y	PROPN
fsr-3816	242	26	o	o	PROPN
fsr-3816	242	27	-$	-$	NOUN
fsr-3816	242	28	9	9	NUM
fsr-3816	242	29	,	,	PUNCT
fsr-3816	242	30	99	99	NUM
fsr-3816	242	31	9	9	NUM
fsr-3816	242	32	lo	lo	PROPN
fsr-3816	242	33	19	19	NUM
fsr-3816	242	34	,	,	PUNCT
fsr-3816	242	35	9	9	NUM
fsr-3816	242	36	99	99	NUM
fsr-3816	242	37	20	20	NUM
fsr-3816	242	38	29	29	NUM
fsr-3816	242	39	,	,	PUNCT
fsr-3816	242	40	9	9	NUM
fsr-3816	242	41	99	99	NUM
fsr-3816	242	42	30	30	NUM
fsr-3816	242	43	39	39	NUM
fsr-3816	242	44	,	,	PUNCT
fsr-3816	242	45	9	9	NUM
fsr-3816	242	46	99	99	NUM
fsr-3816	242	47	9	9	NUM
fsr-3816	242	48	$	$	SYM
fsr-3816	242	49	4	4	NUM
fsr-3816	242	50	4	4	NUM
fsr-3816	242	51	,	,	PUNCT
fsr-3816	242	52	99	99	NUM
fsr-3816	242	53	7	7	NUM
fsr-3816	242	54	9	9	NUM
fsr-3816	242	55	,	,	PUNCT
fsr-3816	242	56	44	44	NUM
fsr-3816	242	57	2	2	NUM
fsr-3816	242	58	$	$	SYM
fsr-3816	242	59	21	21	NUM
fsr-3816	242	60	,	,	PUNCT
fsr-3816	242	61	9	9	NUM
fsr-3816	242	62	69	69	NUM
fsr-3816	242	63	.0	.0	NUM
fsr-3816	242	64	29	29	NUM
fsr-3816	242	65	8	8	NUM
fsr-3816	242	66	.4	.4	NUM
fsr-3816	242	67	29	29	NUM
fsr-3816	242	68	7	7	NUM
fsr-3816	242	69	10	10	NUM
fsr-3816	242	70	13	13	NUM
fsr-3816	242	71	3	3	NUM
fsr-3816	242	72	,	,	PUNCT
fsr-3816	242	73	40	40	NUM
fsr-3816	242	74	8	8	NUM
fsr-3816	242	75	12	12	NUM
fsr-3816	242	76	,	,	PUNCT
fsr-3816	242	77	3	3	NUM
fsr-3816	242	78	07	07	NUM
fsr-3816	242	79	25	25	NUM
fsr-3816	242	80	,	,	PUNCT
fsr-3816	242	81	8	8	NUM
fsr-3816	242	82	70	70	NUM
fsr-3816	242	83	.0	.0	NUM
fsr-3816	242	84	92	92	NUM
fsr-3816	242	85	2	2	NUM
fsr-3816	242	86	.4	.4	NUM
fsr-3816	242	87	75	75	NUM
fsr-3816	242	88	7	7	NUM
fsr-3816	242	89	4	4	NUM
fsr-3816	242	90	10	10	NUM
fsr-3816	242	91	6	6	NUM
fsr-3816	242	92	,	,	PUNCT
fsr-3816	242	93	73	73	NUM
fsr-3816	242	94	6	6	NUM
fsr-3816	242	95	2	2	NUM
fsr-3816	242	96	,	,	PUNCT
fsr-3816	242	97	89	89	NUM
fsr-3816	242	98	1	1	NUM
fsr-3816	242	99	3	3	NUM
fsr-3816	242	100	,	,	PUNCT
fsr-3816	242	101	65	65	NUM
fsr-3816	242	102	1	1	NUM
fsr-3816	242	103	.0	.0	NUM
fsr-3816	242	104	27	27	NUM
fsr-3816	242	105	0	0	NUM
fsr-3816	242	106	,	,	PUNCT
fsr-3816	242	107	7	7	NUM
fsr-3816	242	108	91	91	NUM
fsr-3816	242	109	s	s	NOUN
fsr-3816	242	110	6	6	NUM
fsr-3816	242	111	20	20	NUM
fsr-3816	242	112	4	4	NUM
fsr-3816	242	113	,	,	PUNCT
fsr-3816	242	114	02	02	NUM
fsr-3816	242	115	9	9	NUM
fsr-3816	242	116	5	5	NUM
fsr-3816	242	117	,	,	PUNCT
fsr-3816	242	118	15	15	NUM
fsr-3816	242	119	4	4	NUM
fsr-3816	242	120	15	15	NUM
fsr-3816	242	121	,	,	PUNCT
fsr-3816	242	122	3	3	NUM
fsr-3816	242	123	47	47	NUM
fsr-3816	242	124	.0	.0	NUM
fsr-3816	242	125	25	25	NUM
fsr-3816	242	126	2	2	NUM
fsr-3816	242	127	.3	.3	NUM
fsr-3816	242	128	25	25	NUM
fsr-3816	242	129	2	2	NUM
fsr-3816	242	130	g	g	NOUN
fsr-3816	242	131	r	r	NOUN
fsr-3816	242	132	90	90	NUM
fsr-3816	242	133	hnancial	hnancial	ADJ
fsr-3816	242	134	services	service	NOUN
fsr-3816	242	135	review	review	VERB
fsr-3816	242	136	6(2	6(2	NUM
fsr-3816	242	137	)	)	PUNCT
fsr-3816	242	138	1997	1997	NUM
fsr-3816	242	139	personal	personal	ADJ
fsr-3816	242	140	bankruptcy	bankruptcy	NOUN
fsr-3816	242	141	costs	cost	VERB
fsr-3816	242	142	91	91	NUM
fsr-3816	242	143	33	33	NUM
fsr-3816	242	144	%	%	NOUN
fsr-3816	242	145	and	and	CCONJ
fsr-3816	242	146	is	be	AUX
fsr-3816	242	147	on	on	ADP
fsr-3816	242	148	average	average	ADJ
fsr-3816	242	149	58	58	NUM
fsr-3816	242	150	%	%	NOUN
fsr-3816	242	151	.	.	PUNCT
fsr-3816	243	1	when	when	SCONJ
fsr-3816	243	2	only	only	ADJ
fsr-3816	243	3	asset	asset	NOUN
fsr-3816	243	4	cases	case	NOUN
fsr-3816	243	5	are	be	AUX
fsr-3816	243	6	considered	consider	VERB
fsr-3816	243	7	,	,	PUNCT
fsr-3816	243	8	the	the	DET
fsr-3816	243	9	corresponding	correspond	VERB
fsr-3816	243	10	fig	fig	NOUN
fsr-3816	243	11	ures	ure	NOUN
fsr-3816	243	12	are	be	AUX
fsr-3816	243	13	29	29	NUM
fsr-3816	243	14	%	%	NOUN
fsr-3816	243	15	and	and	CCONJ
fsr-3816	243	16	45	45	NUM
fsr-3816	243	17	%	%	NOUN
fsr-3816	243	18	.	.	PUNCT
fsr-3816	243	19	”	"	PUNCT
fsr-3816	244	1	these	these	PRON
fsr-3816	244	2	are	be	AUX
fsr-3816	244	3	all	all	ADV
fsr-3816	244	4	significantly	significantly	ADV
fsr-3816	244	5	(	(	PUNCT
fsr-3816	244	6	beyond	beyond	ADP
fsr-3816	244	7	the	the	DET
fsr-3816	244	8	.ol	.ol	NOUN
fsr-3816	244	9	level	level	NOUN
fsr-3816	244	10	)	)	PUNCT
fsr-3816	244	11	greater	great	ADJ
fsr-3816	244	12	than	than	ADP
fsr-3816	244	13	zero	zero	NUM
fsr-3816	244	14	and	and	CCONJ
fsr-3816	244	15	apparently	apparently	ADV
fsr-3816	244	16	much	much	ADV
fsr-3816	244	17	higher	high	ADJ
fsr-3816	244	18	than	than	ADP
fsr-3816	244	19	the	the	DET
fsr-3816	244	20	corresponding	corresponding	ADJ
fsr-3816	244	21	figures	figure	NOUN
fsr-3816	244	22	for	for	ADP
fsr-3816	244	23	business	business	NOUN
fsr-3816	244	24	bankruptcies	bankruptcy	NOUN
fsr-3816	244	25	reported	report	VERB
fsr-3816	244	26	elsewhere	elsewhere	ADV
fsr-3816	244	27	;	;	PUNCT
fsr-3816	244	28	for	for	ADP
fsr-3816	244	29	example	example	NOUN
fsr-3816	244	30	,	,	PUNCT
fsr-3816	244	31	an	an	DET
fsr-3816	244	32	average	average	NOUN
fsr-3816	244	33	of	of	ADP
fsr-3816	244	34	5.3	5.3	NUM
fsr-3816	244	35	%	%	NOUN
fsr-3816	244	36	in	in	ADP
fsr-3816	244	37	warner	warner	PROPN
fsr-3816	244	38	(	(	PUNCT
fsr-3816	244	39	1984	1984	NUM
fsr-3816	244	40	)	)	PUNCT
fsr-3816	244	41	,	,	PUNCT
fsr-3816	244	42	7.5	7.5	NUM
fsr-3816	244	43	%	%	NOUN
fsr-3816	244	44	in	in	ADP
fsr-3816	244	45	ang	ang	PROPN
fsr-3816	244	46	,	,	PUNCT
fsr-3816	244	47	chua	chua	PROPN
fsr-3816	244	48	and	and	CCONJ
fsr-3816	244	49	mcconnell	mcconnell	PROPN
fsr-3816	244	50	(	(	PUNCT
fsr-3816	244	51	1982	1982	NUM
fsr-3816	244	52	)	)	PUNCT
fsr-3816	244	53	,	,	PUNCT
fsr-3816	244	54	or	or	CCONJ
fsr-3816	244	55	20	20	NUM
fsr-3816	244	56	%	%	NOUN
fsr-3816	244	57	in	in	ADP
fsr-3816	244	58	stanley	stanley	NOUN
fsr-3816	244	59	and	and	CCONJ
fsr-3816	244	60	girth	girth	NOUN
fsr-3816	244	61	(	(	PUNCT
fsr-3816	244	62	1971	1971	NUM
fsr-3816	244	63	)	)	PUNCT
fsr-3816	244	64	.	.	PUNCT
fsr-3816	245	1	these	these	DET
fsr-3816	245	2	results	result	NOUN
fsr-3816	245	3	are	be	AUX
fsr-3816	245	4	,	,	PUNCT
fsr-3816	245	5	there	there	ADV
fsr-3816	245	6	fore	fore	NOUN
fsr-3816	245	7	,	,	PUNCT
fsr-3816	245	8	consistent	consistent	ADJ
fsr-3816	245	9	with	with	ADP
fsr-3816	245	10	the	the	DET
fsr-3816	245	11	predictions	prediction	NOUN
fsr-3816	245	12	of	of	ADP
fsr-3816	245	13	our	our	PRON
fsr-3816	245	14	second	second	ADJ
fsr-3816	245	15	hypothesis	hypothesis	NOUN
fsr-3816	245	16	.	.	PUNCT
fsr-3816	246	1	notice	notice	NOUN
fsr-3816	246	2	,	,	PUNCT
fsr-3816	246	3	however	however	ADV
fsr-3816	246	4	,	,	PUNCT
fsr-3816	246	5	that	that	SCONJ
fsr-3816	246	6	due	due	ADP
fsr-3816	246	7	to	to	ADP
fsr-3816	246	8	the	the	DET
fsr-3816	246	9	presence	presence	NOUN
fsr-3816	246	10	of	of	ADP
fsr-3816	246	11	exempt	exempt	ADJ
fsr-3816	246	12	assets	asset	NOUN
fsr-3816	246	13	(	(	PUNCT
fsr-3816	246	14	see	see	VERB
fsr-3816	246	15	footnote	footnote	NOUN
fsr-3816	246	16	3	3	NUM
fsr-3816	246	17	)	)	PUNCT
fsr-3816	246	18	there	there	PRON
fsr-3816	246	19	is	be	VERB
fsr-3816	246	20	an	an	DET
fsr-3816	246	21	asymmetry	asymmetry	NOUN
fsr-3816	246	22	of	of	ADP
fsr-3816	246	23	personal	personal	ADJ
fsr-3816	246	24	bank	bank	NOUN
fsr-3816	246	25	ruptcy	ruptcy	NOUN
fsr-3816	246	26	costs	cost	NOUN
fsr-3816	246	27	between	between	ADP
fsr-3816	246	28	the	the	DET
fsr-3816	246	29	borrower	borrower	NOUN
fsr-3816	246	30	and	and	CCONJ
fsr-3816	246	31	the	the	DET
fsr-3816	246	32	lender	lender	NOUN
fsr-3816	246	33	.	.	PUNCT
fsr-3816	247	1	as	as	ADP
fsr-3816	247	2	a	a	DET
fsr-3816	247	3	result	result	NOUN
fsr-3816	247	4	,	,	PUNCT
fsr-3816	247	5	although	although	SCONJ
fsr-3816	247	6	the	the	DET
fsr-3816	247	7	preceding	precede	VERB
fsr-3816	247	8	fig	fig	NOUN
fsr-3816	247	9	ures	ure	NOUN
fsr-3816	247	10	may	may	AUX
fsr-3816	247	11	be	be	AUX
fsr-3816	247	12	representative	representative	ADJ
fsr-3816	247	13	of	of	ADP
fsr-3816	247	14	the	the	DET
fsr-3816	247	15	costs	cost	NOUN
fsr-3816	247	16	from	from	ADP
fsr-3816	247	17	the	the	DET
fsr-3816	247	18	point	point	NOUN
fsr-3816	247	19	of	of	ADP
fsr-3816	247	20	view	view	NOUN
fsr-3816	247	21	of	of	ADP
fsr-3816	247	22	the	the	DET
fsr-3816	247	23	lender	lender	NOUN
fsr-3816	247	24	,	,	PUNCT
fsr-3816	247	25	they	they	PRON
fsr-3816	247	26	overestimate	overestimate	VERB
fsr-3816	247	27	the	the	DET
fsr-3816	247	28	costs	cost	NOUN
fsr-3816	247	29	to	to	ADP
fsr-3816	247	30	the	the	DET
fsr-3816	247	31	borrower	borrower	NOUN
fsr-3816	247	32	because	because	SCONJ
fsr-3816	247	33	the	the	DET
fsr-3816	247	34	value	value	NOUN
fsr-3816	247	35	of	of	ADP
fsr-3816	247	36	exempt	exempt	ADJ
fsr-3816	247	37	assets	asset	NOUN
fsr-3816	247	38	are	be	AUX
fsr-3816	247	39	not	not	PART
fsr-3816	247	40	included	include	VERB
fsr-3816	247	41	in	in	ADP
fsr-3816	247	42	the	the	DET
fsr-3816	247	43	net	net	ADJ
fsr-3816	247	44	proceeds	proceed	NOUN
fsr-3816	247	45	realized	realize	VERB
fsr-3816	247	46	.	.	PUNCT
fsr-3816	248	1	table	table	NOUN
fsr-3816	248	2	3	3	NUM
fsr-3816	248	3	provides	provide	VERB
fsr-3816	248	4	a	a	DET
fsr-3816	248	5	breakdown	breakdown	NOUN
fsr-3816	248	6	of	of	ADP
fsr-3816	248	7	the	the	DET
fsr-3816	248	8	component	component	NOUN
fsr-3816	248	9	costs	cost	NOUN
fsr-3816	248	10	of	of	ADP
fsr-3816	248	11	bankruptcy	bankruptcy	NOUN
fsr-3816	248	12	and	and	CCONJ
fsr-3816	248	13	their	their	PRON
fsr-3816	248	14	relative	relative	ADJ
fsr-3816	248	15	importance	importance	NOUN
fsr-3816	248	16	.	.	PUNCT
fsr-3816	249	1	in	in	ADP
fsr-3816	249	2	approximately	approximately	ADV
fsr-3816	249	3	half	half	NOUN
fsr-3816	249	4	(	(	PUNCT
fsr-3816	249	5	47	47	NUM
fsr-3816	249	6	%	%	NOUN
fsr-3816	249	7	)	)	PUNCT
fsr-3816	249	8	of	of	ADP
fsr-3816	249	9	the	the	DET
fsr-3816	249	10	cases	case	NOUN
fsr-3816	249	11	,	,	PUNCT
fsr-3816	249	12	the	the	DET
fsr-3816	249	13	trustee	trustee	NOUN
fsr-3816	249	14	’s	’s	PART
fsr-3816	249	15	attorney	attorney	NOUN
fsr-3816	249	16	fees	fee	NOUN
fsr-3816	249	17	amounted	amount	VERB
fsr-3816	249	18	to	to	ADP
fsr-3816	249	19	over	over	ADP
fsr-3816	249	20	50	50	NUM
fsr-3816	249	21	%	%	NOUN
fsr-3816	249	22	of	of	ADP
fsr-3816	249	23	all	all	DET
fsr-3816	249	24	costs	cost	NOUN
fsr-3816	249	25	and	and	CCONJ
fsr-3816	249	26	as	as	ADP
fsr-3816	249	27	such	such	ADJ
fsr-3816	249	28	is	be	AUX
fsr-3816	249	29	the	the	DET
fsr-3816	249	30	most	most	ADV
fsr-3816	249	31	important	important	ADJ
fsr-3816	249	32	of	of	ADP
fsr-3816	249	33	all	all	DET
fsr-3816	249	34	component	component	NOUN
fsr-3816	249	35	costs	cost	NOUN
fsr-3816	249	36	.	.	PUNCT
fsr-3816	250	1	the	the	DET
fsr-3816	250	2	sec	sec	PROPN
fsr-3816	250	3	ond	ond	NOUN
fsr-3816	250	4	most	most	ADV
fsr-3816	250	5	important	important	ADJ
fsr-3816	250	6	of	of	ADP
fsr-3816	250	7	all	all	DET
fsr-3816	250	8	component	component	NOUN
fsr-3816	250	9	costs	cost	NOUN
fsr-3816	250	10	is	be	AUX
fsr-3816	250	11	the	the	DET
fsr-3816	250	12	trustee	trustee	NOUN
fsr-3816	250	13	’s	’s	PART
fsr-3816	250	14	commissions	commission	NOUN
fsr-3816	250	15	,	,	PUNCT
fsr-3816	250	16	which	which	PRON
fsr-3816	250	17	in	in	ADP
fsr-3816	250	18	38	38	NUM
fsr-3816	250	19	%	%	NOUN
fsr-3816	250	20	of	of	ADP
fsr-3816	250	21	all	all	DET
fsr-3816	250	22	cases	case	NOUN
fsr-3816	250	23	amounted	amount	VERB
fsr-3816	250	24	to	to	ADP
fsr-3816	250	25	over	over	ADP
fsr-3816	250	26	50	50	NUM
fsr-3816	250	27	%	%	NOUN
fsr-3816	250	28	of	of	ADP
fsr-3816	250	29	all	all	DET
fsr-3816	250	30	costs.tl	costs.tl	NOUN
fsr-3816	250	31	since	since	SCONJ
fsr-3816	250	32	some	some	DET
fsr-3816	250	33	costs	cost	NOUN
fsr-3816	250	34	were	be	AUX
fsr-3816	250	35	incurred	incur	VERB
fsr-3816	250	36	for	for	ADP
fsr-3816	250	37	only	only	ADV
fsr-3816	250	38	a	a	DET
fsr-3816	250	39	few	few	ADJ
fsr-3816	250	40	cases	case	NOUN
fsr-3816	250	41	,	,	PUNCT
fsr-3816	250	42	no	no	DET
fsr-3816	250	43	concrete	concrete	ADJ
fsr-3816	250	44	statement	statement	NOUN
fsr-3816	250	45	can	can	AUX
fsr-3816	250	46	be	be	AUX
fsr-3816	250	47	made	make	VERB
fsr-3816	250	48	regarding	regard	VERB
fsr-3816	250	49	the	the	DET
fsr-3816	250	50	least	least	ADV
fsr-3816	250	51	important	important	ADJ
fsr-3816	250	52	component	component	NOUN
fsr-3816	250	53	costs	cost	NOUN
fsr-3816	250	54	.	.	PUNCT
fsr-3816	251	1	however	however	ADV
fsr-3816	251	2	,	,	PUNCT
fsr-3816	251	3	for	for	ADP
fsr-3816	251	4	the	the	DET
fsr-3816	251	5	frequently	frequently	ADV
fsr-3816	251	6	incurred	incur	VERB
fsr-3816	251	7	costs	cost	NOUN
fsr-3816	251	8	,	,	PUNCT
fsr-3816	251	9	the	the	DET
fsr-3816	251	10	referees	referee	NOUN
fsr-3816	251	11	’	’	PART
fsr-3816	251	12	salary	salary	NOUN
fsr-3816	251	13	and	and	CCONJ
fsr-3816	251	14	expenses	expense	NOUN
fsr-3816	251	15	ranks	rank	VERB
fsr-3816	251	16	as	as	ADP
fsr-3816	251	17	the	the	DET
fsr-3816	251	18	least	least	ADV
fsr-3816	251	19	important	important	ADJ
fsr-3816	251	20	component	component	NOUN
fsr-3816	251	21	cost	cost	NOUN
fsr-3816	251	22	:	:	PUNCT
fsr-3816	251	23	for	for	ADP
fsr-3816	251	24	74	74	NUM
fsr-3816	251	25	%	%	NOUN
fsr-3816	251	26	of	of	ADP
fsr-3816	251	27	cases	case	NOUN
fsr-3816	251	28	this	this	DET
fsr-3816	251	29	item	item	NOUN
fsr-3816	251	30	amounts	amount	VERB
fsr-3816	251	31	to	to	ADP
fsr-3816	251	32	less	less	ADJ
fsr-3816	251	33	than	than	ADP
fsr-3816	251	34	10	10	NUM
fsr-3816	251	35	%	%	NOUN
fsr-3816	251	36	of	of	ADP
fsr-3816	251	37	all	all	DET
fsr-3816	251	38	costs	cost	NOUN
fsr-3816	251	39	.	.	PUNCT
fsr-3816	252	1	table	table	NOUN
fsr-3816	252	2	4	4	NUM
fsr-3816	252	3	provides	provide	VERB
fsr-3816	252	4	the	the	DET
fsr-3816	252	5	data	datum	NOUN
fsr-3816	252	6	on	on	ADP
fsr-3816	252	7	distributions	distribution	NOUN
fsr-3816	252	8	to	to	ADP
fsr-3816	252	9	claimants	claimant	NOUN
fsr-3816	252	10	.	.	PUNCT
fsr-3816	253	1	claims	claim	NOUN
fsr-3816	253	2	are	be	AUX
fsr-3816	253	3	broken	break	VERB
fsr-3816	253	4	down	down	ADP
fsr-3816	253	5	into	into	ADP
fsr-3816	253	6	the	the	DET
fsr-3816	253	7	priority	priority	NOUN
fsr-3816	253	8	,	,	PUNCT
fsr-3816	253	9	secured	secured	ADJ
fsr-3816	253	10	and	and	CCONJ
fsr-3816	253	11	unsecured	unsecured	ADJ
fsr-3816	253	12	categories	category	NOUN
fsr-3816	253	13	.	.	PUNCT
fsr-3816	254	1	among	among	ADP
fsr-3816	254	2	these	these	PRON
fsr-3816	254	3	,	,	PUNCT
fsr-3816	254	4	priority	priority	NOUN
fsr-3816	254	5	claimholders	claimholder	NOUN
fsr-3816	254	6	are	be	AUX
fsr-3816	254	7	the	the	DET
fsr-3816	254	8	ones	one	NOUN
fsr-3816	254	9	with	with	ADP
fsr-3816	254	10	the	the	DET
fsr-3816	254	11	highest	high	ADJ
fsr-3816	254	12	percentage	percentage	NOUN
fsr-3816	254	13	of	of	ADP
fsr-3816	254	14	claims	claim	NOUN
fsr-3816	254	15	paid	pay	VERB
fsr-3816	254	16	:	:	PUNCT
fsr-3816	254	17	approximately	approximately	ADV
fsr-3816	254	18	20	20	NUM
fsr-3816	254	19	%	%	NOUN
fsr-3816	254	20	.	.	PUNCT
fsr-3816	255	1	interestingly	interestingly	ADV
fsr-3816	255	2	,	,	PUNCT
fsr-3816	255	3	secured	secured	ADJ
fsr-3816	255	4	claimholders	claimholder	NOUN
fsr-3816	255	5	fare	fare	VERB
fsr-3816	255	6	worse	bad	ADJ
fsr-3816	255	7	than	than	ADP
fsr-3816	255	8	unsecured	unsecured	ADJ
fsr-3816	255	9	claimholders	claimholder	NOUN
fsr-3816	255	10	:	:	PUNCT
fsr-3816	255	11	0.19	0.19	NUM
fsr-3816	255	12	%	%	NOUN
fsr-3816	255	13	of	of	ADP
fsr-3816	255	14	claims	claim	NOUN
fsr-3816	255	15	paid	pay	VERB
fsr-3816	255	16	to	to	ADP
fsr-3816	255	17	the	the	DET
fsr-3816	255	18	secured	secure	VERB
fsr-3816	255	19	and	and	CCONJ
fsr-3816	255	20	0.46	0.46	NUM
fsr-3816	255	21	%	%	NOUN
fsr-3816	255	22	paid	pay	VERB
fsr-3816	255	23	to	to	ADP
fsr-3816	255	24	the	the	DET
fsr-3816	255	25	unsecured	unsecured	ADJ
fsr-3816	255	26	claimholders	claimholder	NOUN
fsr-3816	255	27	.	.	PUNCT
fsr-3816	256	1	‘	'	PUNCT
fsr-3816	256	2	*	*	PUNCT
fsr-3816	256	3	however	however	ADV
fsr-3816	256	4	,	,	PUNCT
fsr-3816	256	5	the	the	DET
fsr-3816	256	6	distribution	distribution	NOUN
fsr-3816	256	7	to	to	ADP
fsr-3816	256	8	the	the	DET
fsr-3816	256	9	secured	secure	VERB
fsr-3816	256	10	claimholders	claimholder	NOUN
fsr-3816	256	11	may	may	AUX
fsr-3816	256	12	be	be	AUX
fsr-3816	256	13	understated	understate	VERB
fsr-3816	256	14	if	if	SCONJ
fsr-3816	256	15	some	some	DET
fsr-3816	256	16	properties	property	NOUN
fsr-3816	256	17	are	be	AUX
fsr-3816	256	18	abandoned	abandon	VERB
fsr-3816	256	19	to	to	ADP
fsr-3816	256	20	their	their	PRON
fsr-3816	256	21	claimants	claimant	NOUN
fsr-3816	256	22	by	by	ADP
fsr-3816	256	23	the	the	DET
fsr-3816	256	24	trustee	trustee	NOUN
fsr-3816	256	25	.	.	PUNCT
fsr-3816	257	1	yet	yet	ADV
fsr-3816	257	2	,	,	PUNCT
fsr-3816	257	3	with	with	ADP
fsr-3816	257	4	consideration	consideration	NOUN
fsr-3816	257	5	given	give	VERB
fsr-3816	257	6	to	to	ADP
fsr-3816	257	7	the	the	DET
fsr-3816	257	8	possibility	possibility	NOUN
fsr-3816	257	9	of	of	ADP
fsr-3816	257	10	such	such	ADJ
fsr-3816	257	11	understatements	understatement	NOUN
fsr-3816	257	12	,	,	PUNCT
fsr-3816	257	13	the	the	DET
fsr-3816	257	14	per	per	ADP
fsr-3816	257	15	centage	centage	NOUN
fsr-3816	257	16	of	of	ADP
fsr-3816	257	17	claims	claim	NOUN
fsr-3816	257	18	satisfied	satisfied	ADJ
fsr-3816	257	19	is	be	AUX
fsr-3816	257	20	extremely	extremely	ADV
fsr-3816	257	21	low	low	ADJ
fsr-3816	257	22	which	which	PRON
fsr-3816	257	23	explains	explain	VERB
fsr-3816	257	24	why	why	SCONJ
fsr-3816	257	25	in	in	ADP
fsr-3816	257	26	a	a	DET
fsr-3816	257	27	few	few	ADJ
fsr-3816	257	28	cases	case	NOUN
fsr-3816	257	29	some	some	DET
fsr-3816	257	30	claim	claim	NOUN
fsr-3816	257	31	ants	ant	NOUN
fsr-3816	257	32	did	do	AUX
fsr-3816	257	33	not	not	PART
fsr-3816	257	34	even	even	ADV
fsr-3816	257	35	bother	bother	VERB
fsr-3816	257	36	to	to	PART
fsr-3816	257	37	file	file	VERB
fsr-3816	257	38	claims.13	claims.13	NOUN
fsr-3816	257	39	this	this	PRON
fsr-3816	257	40	is	be	AUX
fsr-3816	257	41	also	also	ADV
fsr-3816	257	42	suggestive	suggestive	ADJ
fsr-3816	257	43	of	of	ADP
fsr-3816	257	44	the	the	DET
fsr-3816	257	45	ineffectiveness	ineffectiveness	NOUN
fsr-3816	257	46	of	of	ADP
fsr-3816	257	47	monitoring	monitor	VERB
fsr-3816	257	48	debt	debt	NOUN
fsr-3816	257	49	in	in	ADP
fsr-3816	257	50	the	the	DET
fsr-3816	257	51	case	case	NOUN
fsr-3816	257	52	of	of	ADP
fsr-3816	257	53	individuals	individual	NOUN
fsr-3816	257	54	.	.	PUNCT
fsr-3816	258	1	finally	finally	ADV
fsr-3816	258	2	,	,	PUNCT
fsr-3816	258	3	in	in	ADP
fsr-3816	258	4	a	a	DET
fsr-3816	258	5	similar	similar	ADJ
fsr-3816	258	6	vein	vein	NOUN
fsr-3816	258	7	to	to	ADP
fsr-3816	258	8	the	the	DET
fsr-3816	258	9	conclusions	conclusion	NOUN
fsr-3816	258	10	of	of	ADP
fsr-3816	258	11	green	green	ADJ
fsr-3816	258	12	and	and	CCONJ
fsr-3816	258	13	shoven	shoven	ADJ
fsr-3816	258	14	(	(	PUNCT
fsr-3816	258	15	1983	1983	NUM
fsr-3816	258	16	,	,	PUNCT
fsr-3816	258	17	p.	p.	NOUN
fsr-3816	258	18	50	50	NUM
fsr-3816	258	19	)	)	PUNCT
fsr-3816	258	20	,	,	PUNCT
fsr-3816	258	21	the	the	DET
fsr-3816	258	22	low	low	ADJ
fsr-3816	258	23	percentage	percentage	NOUN
fsr-3816	258	24	of	of	ADP
fsr-3816	258	25	claims	claim	NOUN
fsr-3816	258	26	paid	pay	VERB
fsr-3816	258	27	suggests	suggest	VERB
fsr-3816	258	28	that	that	SCONJ
fsr-3816	258	29	the	the	DET
fsr-3816	258	30	pros	pro	NOUN
fsr-3816	258	31	table	table	VERB
fsr-3816	258	32	3	3	NUM
fsr-3816	258	33	the	the	DET
fsr-3816	258	34	relative	relative	ADJ
fsr-3816	258	35	importance	importance	NOUN
fsr-3816	258	36	of	of	ADP
fsr-3816	258	37	component	component	NOUN
fsr-3816	258	38	costs	cost	NOUN
fsr-3816	258	39	number	number	NOUN
fsr-3816	258	40	of	of	ADP
fsr-3816	258	41	crises	crisis	NOUN
fsr-3816	258	42	for	for	ADP
fsr-3816	258	43	which	which	PRON
fsr-3816	258	44	the	the	DET
fsr-3816	258	45	component	component	NOUN
fsr-3816	258	46	cost	cost	NOUN
fsr-3816	258	47	as	as	ADP
fsr-3816	258	48	a	a	DET
fsr-3816	258	49	percentage	percentage	NOUN
fsr-3816	258	50	of	of	ADP
fsr-3816	258	51	total	total	ADJ
fsr-3816	258	52	administrative	administrative	ADJ
fsr-3816	258	53	cost	cost	NOUN
fsr-3816	258	54	falls	fall	NOUN
fsr-3816	258	55	in	in	ADP
fsr-3816	258	56	the	the	DET
fsr-3816	258	57	runge	runge	NOUN
fsr-3816	258	58	of	of	ADP
fsr-3816	258	59	u	u	NOUN
fsr-3816	258	60	-	-	NOUN
fsr-3816	258	61	io%	io%	NOUN
fsr-3816	259	1	i	i	PRON
fsr-3816	259	2	l-20	l-20	VERB
fsr-3816	259	3	%	%	VERB
fsr-3816	260	1	2/-300	2/-300	NUM
fsr-3816	260	2	/	/	SYM
fsr-3816	260	3	o	o	NOUN
fsr-3816	260	4	3140	3140	NUM
fsr-3816	260	5	%	%	NOUN
fsr-3816	260	6	41	41	NUM
fsr-3816	260	7	-	-	SYM
fsr-3816	260	8	50	50	NUM
fsr-3816	260	9	%	%	NOUN
fsr-3816	260	10	>	>	SYM
fsr-3816	260	11	50	50	NUM
fsr-3816	260	12	%	%	NOUN
fsr-3816	260	13	the	the	DET
fsr-3816	260	14	trustee	trustee	NOUN
fsr-3816	260	15	’s	’s	PART
fsr-3816	260	16	commissions	commission	NOUN
fsr-3816	260	17	29	29	NUM
fsr-3816	260	18	28	28	NUM
fsr-3816	260	19	referees	referee	NOUN
fsr-3816	260	20	salary	salary	NOUN
fsr-3816	260	21	and	and	CCONJ
fsr-3816	260	22	expenses	expense	VERB
fsr-3816	260	23	124	124	NUM
fsr-3816	260	24	32	32	NUM
fsr-3816	260	25	auctioneer	auctioneer	NOUN
fsr-3816	260	26	’s	’s	PART
fsr-3816	260	27	fees	fee	NOUN
fsr-3816	260	28	2	2	NUM
fsr-3816	260	29	3	3	NUM
fsr-3816	260	30	attorney	attorney	NOUN
fsr-3816	260	31	fees	fee	NOUN
fsr-3816	260	32	for	for	ADP
fsr-3816	260	33	the	the	DET
fsr-3816	260	34	trustee	trustee	NOUN
fsr-3816	260	35	0	0	NUM
fsr-3816	260	36	9	9	NUM
fsr-3816	260	37	the	the	DET
fsr-3816	260	38	trustee	trustee	NOUN
fsr-3816	260	39	’s	’s	PART
fsr-3816	260	40	other	other	ADJ
fsr-3816	260	41	expenses	expense	NOUN
fsr-3816	260	42	44	44	NUM
fsr-3816	260	43	7	7	NUM
fsr-3816	260	44	attorney	attorney	NOUN
fsr-3816	260	45	fees	fee	NOUN
fsr-3816	260	46	for	for	ADP
fsr-3816	260	47	bank	bank	NOUN
fsr-3816	260	48	0	0	NUM
fsr-3816	260	49	0	0	NUM
fsr-3816	260	50	receiver	receiver	NOUN
fsr-3816	260	51	’s	’s	PART
fsr-3816	260	52	expenses	expense	NOUN
fsr-3816	260	53	0	0	NUM
fsr-3816	260	54	1	1	NUM
fsr-3816	260	55	the	the	DET
fsr-3816	260	56	appraiser	appraiser	NOUN
fsr-3816	260	57	’s	’s	PART
fsr-3816	260	58	fees	fee	NOUN
fsr-3816	260	59	9	9	NUM
fsr-3816	260	60	6	6	NUM
fsr-3816	260	61	rental	rental	NOUN
fsr-3816	260	62	expenses	expense	NOUN
fsr-3816	260	63	2	2	NUM
fsr-3816	260	64	0	0	NUM
fsr-3816	260	65	21	21	NUM
fsr-3816	260	66	2	2	NUM
fsr-3816	260	67	2	2	NUM
fsr-3816	260	68	3	3	NUM
fsr-3816	260	69	0	0	NUM
fsr-3816	260	70	11	11	NUM
fsr-3816	260	71	11	11	NUM
fsr-3816	260	72	64	64	NUM
fsr-3816	260	73	1	1	NUM
fsr-3816	260	74	0	0	NUM
fsr-3816	260	75	0	0	NUM
fsr-3816	260	76	0	0	NUM
fsr-3816	260	77	3	3	NUM
fsr-3816	260	78	1	1	NUM
fsr-3816	260	79	8	8	NUM
fsr-3816	260	80	3	3	NUM
fsr-3816	260	81	1	1	NUM
fsr-3816	260	82	1	1	NUM
fsr-3816	260	83	0	0	NUM
fsr-3816	260	84	0	0	NUM
fsr-3816	260	85	1	1	NUM
fsr-3816	260	86	2	2	NUM
fsr-3816	260	87	0	0	NUM
fsr-3816	260	88	0	0	NUM
fsr-3816	260	89	0	0	NUM
fsr-3816	260	90	0	0	NUM
fsr-3816	260	91	0	0	NUM
fsr-3816	260	92	0	0	NUM
fsr-3816	260	93	2	2	NUM
fsr-3816	260	94	1	1	NUM
fsr-3816	260	95	1	1	NUM
fsr-3816	260	96	0	0	NUM
fsr-3816	260	97	92	92	NUM
fsr-3816	260	98	financial	financial	ADJ
fsr-3816	260	99	services	service	NOUN
fsr-3816	260	100	review	review	VERB
fsr-3816	260	101	6(2	6(2	NUM
fsr-3816	260	102	)	)	PUNCT
fsr-3816	260	103	1997	1997	NUM
fsr-3816	260	104	table	table	NOUN
fsr-3816	260	105	4	4	NUM
fsr-3816	260	106	distributions	distribution	NOUN
fsr-3816	260	107	to	to	ADP
fsr-3816	260	108	the	the	DET
fsr-3816	260	109	claimants	claimant	NOUN
fsr-3816	260	110	total	total	NOUN
fsr-3816	260	111	amount	amount	NOUN
fsr-3816	260	112	ofclaims	ofclaim	NOUN
fsr-3816	260	113	amount	amount	NOUN
fsr-3816	260	114	paid	pay	VERB
fsr-3816	260	115	percentage	percentage	NOUN
fsr-3816	260	116	of	of	ADP
fsr-3816	260	117	claims	claim	NOUN
fsr-3816	260	118	paid	pay	VERB
fsr-3816	260	119	priority	priority	NOUN
fsr-3816	260	120	secured	secure	VERB
fsr-3816	260	121	unsecured	unsecured	ADJ
fsr-3816	260	122	$	$	SYM
fsr-3816	260	123	320,756	320,756	NUM
fsr-3816	260	124	$	$	SYM
fsr-3816	260	125	17,947	17,947	NUM
fsr-3816	260	126	5.59	5.59	NUM
fsr-3816	260	127	%	%	NOUN
fsr-3816	260	128	17,780,927	17,780,927	NUM
fsr-3816	260	129	34,999	34,999	NUM
fsr-3816	260	130	*	*	SYM
fsr-3816	260	131	0.19	0.19	NUM
fsr-3816	260	132	%	%	NOUN
fsr-3816	260	133	10,987,208	10,987,208	NUM
fsr-3816	260	134	5	5	NUM
fsr-3816	260	135	1,240	1,240	NUM
fsr-3816	260	136	0.46	0.46	NUM
fsr-3816	260	137	%	%	NOUN
fsr-3816	260	138	case	case	NOUN
fsr-3816	260	139	secured	secure	VERB
fsr-3816	260	140	claim	claim	NOUN
fsr-3816	260	141	a	a	DET
fsr-3816	260	142	~	~	NOUN
fsr-3816	260	143	unt	unt	NOUN
fsr-3816	260	144	paid	pay	VERB
fsr-3816	260	145	percentage	percentage	NOUN
fsr-3816	260	146	claim	claim	NOUN
fsr-3816	260	147	paid	pay	VERB
fsr-3816	260	148	1	1	NUM
fsr-3816	260	149	.	.	PUNCT
fsr-3816	260	150	$	$	SYM
fsr-3816	260	151	297	297	NUM
fsr-3816	260	152	$	$	SYM
fsr-3816	260	153	297	297	NUM
fsr-3816	260	154	100	100	NUM
fsr-3816	260	155	2	2	NUM
fsr-3816	260	156	.	.	PUNCT
fsr-3816	261	1	6,056	6,056	NUM
fsr-3816	261	2	6,056	6,056	NUM
fsr-3816	261	3	100	100	NUM
fsr-3816	261	4	3	3	NUM
fsr-3816	261	5	.	.	NOUN
fsr-3816	261	6	450	450	NUM
fsr-3816	261	7	450	450	NUM
fsr-3816	261	8	100	100	NUM
fsr-3816	261	9	4	4	NUM
fsr-3816	261	10	.	.	PUNCT
fsr-3816	261	11	468	468	NUM
fsr-3816	261	12	2,468	2,468	NUM
fsr-3816	261	13	100	100	NUM
fsr-3816	261	14	_	_	NOUN
fsr-3816	261	15	.	.	PUNCT
fsr-3816	262	1	5	5	NUM
fsr-3816	262	2	113,844	113,844	NUM
fsr-3816	262	3	25,728	25,728	NUM
fsr-3816	262	4	22.6	22.6	NUM
fsr-3816	262	5	total	total	NOUN
fsr-3816	262	6	$	$	SYM
fsr-3816	262	7	124,115	124,115	NUM
fsr-3816	262	8	$	$	SYM
fsr-3816	262	9	34,999	34,999	NUM
fsr-3816	262	10	28.4	28.4	NUM
fsr-3816	262	11	pect	pect	NOUN
fsr-3816	262	12	of	of	ADP
fsr-3816	262	13	bankruptcy	bankruptcy	NOUN
fsr-3816	262	14	may	may	AUX
fsr-3816	262	15	make	make	VERB
fsr-3816	262	16	personal	personal	ADJ
fsr-3816	262	17	borrowing	borrowing	NOUN
fsr-3816	262	18	so	so	ADV
fsr-3816	262	19	expensive	expensive	ADJ
fsr-3816	262	20	that	that	SCONJ
fsr-3816	262	21	some	some	DET
fsr-3816	262	22	portion	portion	NOUN
fsr-3816	262	23	of	of	ADP
fsr-3816	262	24	the	the	DET
fsr-3816	262	25	economically	economically	ADV
fsr-3816	262	26	desirable	desirable	ADJ
fsr-3816	262	27	demand	demand	NOUN
fsr-3816	262	28	for	for	ADP
fsr-3816	262	29	personal	personal	ADJ
fsr-3816	262	30	borrowing	borrowing	NOUN
fsr-3816	262	31	not	not	PART
fsr-3816	262	32	be	be	AUX
fsr-3816	262	33	met.r4	met.r4	ADJ
fsr-3816	262	34	to	to	PART
fsr-3816	262	35	gain	gain	VERB
fsr-3816	262	36	insight	insight	NOUN
fsr-3816	262	37	into	into	ADP
fsr-3816	262	38	the	the	DET
fsr-3816	262	39	nature	nature	NOUN
fsr-3816	262	40	of	of	ADP
fsr-3816	262	41	personal	personal	ADJ
fsr-3816	262	42	bankruptcy	bankruptcy	NOUN
fsr-3816	262	43	costs	cost	NOUN
fsr-3816	262	44	,	,	PUNCT
fsr-3816	262	45	we	we	PRON
fsr-3816	262	46	regressed	regress	VERB
fsr-3816	262	47	the	the	DET
fsr-3816	262	48	total	total	ADJ
fsr-3816	262	49	administrative	administrative	ADJ
fsr-3816	262	50	costs	cost	NOUN
fsr-3816	262	51	of	of	ADP
fsr-3816	262	52	bankruptcy	bankruptcy	NOUN
fsr-3816	262	53	(	(	PUNCT
fsr-3816	262	54	ac	ac	PROPN
fsr-3816	262	55	)	)	PUNCT
fsr-3816	262	56	on	on	ADP
fsr-3816	262	57	net	net	ADJ
fsr-3816	262	58	proceeds	proceed	NOUN
fsr-3816	262	59	realized	realize	VERB
fsr-3816	262	60	(	(	PUNCT
fsr-3816	262	61	npr	npr	PROPN
fsr-3816	262	62	)	)	PUNCT
fsr-3816	262	63	.	.	PUNCT
fsr-3816	263	1	the	the	DET
fsr-3816	263	2	estimated	estimate	VERB
fsr-3816	263	3	equation	equation	NOUN
fsr-3816	263	4	is	be	AUX
fsr-3816	263	5	as	as	SCONJ
fsr-3816	263	6	follows	follow	VERB
fsr-3816	263	7	:	:	PUNCT
fsr-3816	263	8	ac	ac	PROPN
fsr-3816	263	9	=	=	PUNCT
fsr-3816	263	10	262	262	NUM
fsr-3816	263	11	+	+	NUM
fsr-3816	263	12	0.31	0.31	NUM
fsr-3816	263	13	(	(	PUNCT
fsr-3816	263	14	npr	npr	PROPN
fsr-3816	263	15	)	)	PUNCT
fsr-3816	263	16	(	(	PUNCT
fsr-3816	263	17	7.0	7.0	NUM
fsr-3816	263	18	)	)	PUNCT
fsr-3816	263	19	(	(	PUNCT
fsr-3816	263	20	30.67	30.67	NUM
fsr-3816	263	21	)	)	PUNCT
fsr-3816	263	22	r2	r2	NOUN
fsr-3816	264	1	=	=	SYM
fsr-3816	264	2	0.85	0.85	NUM
fsr-3816	264	3	(	(	PUNCT
fsr-3816	264	4	9	9	NUM
fsr-3816	264	5	)	)	PUNCT
fsr-3816	264	6	accordingly	accordingly	ADV
fsr-3816	264	7	,	,	PUNCT
fsr-3816	264	8	the	the	DET
fsr-3816	264	9	administrative	administrative	ADJ
fsr-3816	264	10	costs	cost	NOUN
fsr-3816	264	11	of	of	ADP
fsr-3816	264	12	personal	personal	ADJ
fsr-3816	264	13	bankruptcies	bankruptcy	NOUN
fsr-3816	264	14	amount	amount	NOUN
fsr-3816	264	15	to	to	ADP
fsr-3816	264	16	approximately	approximately	ADV
fsr-3816	264	17	$	$	SYM
fsr-3816	264	18	262	262	NUM
fsr-3816	264	19	per	per	ADP
fsr-3816	264	20	filing	filing	NOUN
fsr-3816	264	21	plus	plus	CCONJ
fsr-3816	264	22	3	3	NUM
fsr-3816	264	23	1	1	NUM
fsr-3816	264	24	%	%	NOUN
fsr-3816	264	25	of	of	ADP
fsr-3816	264	26	net	net	ADJ
fsr-3816	264	27	proceeds	proceed	NOUN
fsr-3816	264	28	realized	realize	VERB
fsr-3816	264	29	.	.	PUNCT
fsr-3816	265	1	when	when	SCONJ
fsr-3816	265	2	nominal	nominal	ADJ
fsr-3816	265	3	cases	case	NOUN
fsr-3816	265	4	are	be	AUX
fsr-3816	265	5	excluded	exclude	VERB
fsr-3816	265	6	,	,	PUNCT
fsr-3816	265	7	costs	cost	NOUN
fsr-3816	265	8	amount	amount	NOUN
fsr-3816	265	9	to	to	ADP
fsr-3816	265	10	$	$	SYM
fsr-3816	265	11	396	396	NUM
fsr-3816	265	12	per	per	ADP
fsr-3816	265	13	filing	filing	NOUN
fsr-3816	265	14	plus	plus	CCONJ
fsr-3816	265	15	29	29	NUM
fsr-3816	265	16	%	%	NOUN
fsr-3816	265	17	of	of	ADP
fsr-3816	265	18	net	net	ADJ
fsr-3816	265	19	proceeds.t5	proceeds.t5	PROPN
fsr-3816	265	20	to	to	PART
fsr-3816	265	21	investigate	investigate	VERB
fsr-3816	265	22	the	the	DET
fsr-3816	265	23	possible	possible	ADJ
fsr-3816	265	24	presence	presence	NOUN
fsr-3816	265	25	of	of	ADP
fsr-3816	265	26	economies	economy	NOUN
fsr-3816	265	27	of	of	ADP
fsr-3816	265	28	scale	scale	NOUN
fsr-3816	265	29	in	in	ADP
fsr-3816	265	30	bankrnptcy	bankrnptcy	NOUN
fsr-3816	265	31	costs	cost	NOUN
fsr-3816	265	32	,	,	PUNCT
fsr-3816	265	33	the	the	DET
fsr-3816	265	34	fol	fol	NOUN
fsr-3816	265	35	lowing	low	VERB
fsr-3816	265	36	quadratic	quadratic	ADJ
fsr-3816	265	37	equation	equation	NOUN
fsr-3816	265	38	was	be	AUX
fsr-3816	265	39	estimated	estimate	VERB
fsr-3816	265	40	:	:	PUNCT
fsr-3816	266	1	ac	ac	PROPN
fsr-3816	266	2	=	=	PROPN
fsr-3816	266	3	120.26	120.26	NUM
fsr-3816	266	4	+	+	CCONJ
fsr-3816	266	5	.49(npr	.49(npr	NOUN
fsr-3816	266	6	)	)	PUNCT
fsr-3816	267	1	0.67	0.67	NUM
fsr-3816	267	2	x	x	SYM
fsr-3816	267	3	lo-	lo-	NOUN
fsr-3816	267	4	’	'	PUNCT
fsr-3816	267	5	(	(	PUNCT
fsr-3816	267	6	npr)2	npr)2	PROPN
fsr-3816	267	7	(	(	PUNCT
fsr-3816	267	8	4.02	4.02	NUM
fsr-3816	267	9	)	)	PUNCT
fsr-3816	267	10	(	(	PUNCT
fsr-3816	267	11	29.3	29.3	NUM
fsr-3816	267	12	)	)	PUNCT
fsr-3816	267	13	(	(	PUNCT
fsr-3816	267	14	11.9	11.9	NUM
fsr-3816	267	15	)	)	PUNCT
fsr-3816	267	16	i	i	PRON
fsr-3816	267	17	&	&	CCONJ
fsr-3816	267	18	=	=	PROPN
fsr-3816	267	19	.92	.92	PROPN
fsr-3816	267	20	(	(	PUNCT
fsr-3816	267	21	10	10	NUM
fsr-3816	267	22	)	)	PUNCT
fsr-3816	267	23	accordingly	accordingly	ADV
fsr-3816	267	24	,	,	PUNCT
fsr-3816	267	25	it	it	PRON
fsr-3816	267	26	can	can	AUX
fsr-3816	267	27	be	be	AUX
fsr-3816	267	28	concluded	conclude	VERB
fsr-3816	267	29	that	that	SCONJ
fsr-3816	267	30	personal	personal	ADJ
fsr-3816	267	31	bankruptcy	bankruptcy	NOUN
fsr-3816	267	32	costs	cost	NOUN
fsr-3816	267	33	are	be	AUX
fsr-3816	267	34	a	a	DET
fsr-3816	267	35	quadratic	quadratic	ADJ
fsr-3816	267	36	function	function	NOUN
fsr-3816	267	37	of	of	ADP
fsr-3816	267	38	the	the	DET
fsr-3816	267	39	net	net	ADJ
fsr-3816	267	40	proceeds	proceed	NOUN
fsr-3816	267	41	realized	realize	VERB
fsr-3816	267	42	and	and	CCONJ
fsr-3816	267	43	that	that	SCONJ
fsr-3816	267	44	there	there	PRON
fsr-3816	267	45	are	be	VERB
fsr-3816	267	46	economies	economy	NOUN
fsr-3816	267	47	of	of	ADP
fsr-3816	267	48	scale	scale	NOUN
fsr-3816	267	49	in	in	ADP
fsr-3816	267	50	such	such	ADJ
fsr-3816	267	51	costsi	costsi	PROPN
fsr-3816	267	52	iv	iv	NOUN
fsr-3816	267	53	.	.	PUNCT
fsr-3816	268	1	summary	summary	NOUN
fsr-3816	268	2	and	and	CCONJ
fsr-3816	268	3	conclusions	conclusion	NOUN
fsr-3816	268	4	corporate	corporate	ADJ
fsr-3816	268	5	bankruptcy	bankruptcy	NOUN
fsr-3816	268	6	costs	cost	NOUN
fsr-3816	268	7	have	have	AUX
fsr-3816	268	8	been	be	AUX
fsr-3816	268	9	the	the	DET
fsr-3816	268	10	subject	subject	NOUN
fsr-3816	268	11	of	of	ADP
fsr-3816	268	12	much	much	ADJ
fsr-3816	268	13	theoretical	theoretical	ADJ
fsr-3816	268	14	debate	debate	NOUN
fsr-3816	268	15	and	and	CCONJ
fsr-3816	268	16	empirical	empirical	ADJ
fsr-3816	268	17	measurement	measurement	NOUN
fsr-3816	268	18	.	.	PUNCT
fsr-3816	269	1	personal	personal	ADJ
fsr-3816	269	2	bankruptcy	bankruptcy	NOUN
fsr-3816	269	3	costs	cost	NOUN
fsr-3816	269	4	on	on	ADP
fsr-3816	269	5	the	the	DET
fsr-3816	269	6	other	other	ADJ
fsr-3816	269	7	hand	hand	NOUN
fsr-3816	269	8	have	have	AUX
fsr-3816	269	9	not	not	PART
fsr-3816	269	10	received	receive	VERB
fsr-3816	269	11	much	much	ADV
fsr-3816	269	12	atten	atten	VERB
fsr-3816	269	13	personal	personal	ADJ
fsr-3816	269	14	bankruptcy	bankruptcy	NOUN
fsr-3816	269	15	costs	cost	VERB
fsr-3816	269	16	93	93	NUM
fsr-3816	269	17	tion	tion	NOUN
fsr-3816	269	18	.	.	PUNCT
fsr-3816	270	1	this	this	DET
fsr-3816	270	2	paper	paper	NOUN
fsr-3816	270	3	is	be	AUX
fsr-3816	270	4	designed	design	VERB
fsr-3816	270	5	to	to	PART
fsr-3816	270	6	show	show	VERB
fsr-3816	270	7	the	the	DET
fsr-3816	270	8	need	need	NOUN
fsr-3816	270	9	for	for	ADP
fsr-3816	270	10	further	further	ADJ
fsr-3816	270	11	investigation	investigation	NOUN
fsr-3816	270	12	into	into	ADP
fsr-3816	270	13	both	both	CCONJ
fsr-3816	270	14	the	the	DET
fsr-3816	270	15	rele	rele	PROPN
fsr-3816	270	16	vance	vance	PROPN
fsr-3816	270	17	and	and	CCONJ
fsr-3816	270	18	the	the	DET
fsr-3816	270	19	magnitude	magnitude	NOUN
fsr-3816	270	20	of	of	ADP
fsr-3816	270	21	personal	personal	ADJ
fsr-3816	270	22	bankruptcy	bankruptcy	NOUN
fsr-3816	270	23	costs	cost	NOUN
fsr-3816	270	24	.	.	PUNCT
fsr-3816	271	1	it	it	PRON
fsr-3816	271	2	is	be	AUX
fsr-3816	271	3	argued	argue	VERB
fsr-3816	271	4	that	that	SCONJ
fsr-3816	271	5	we	we	PRON
fsr-3816	271	6	can	can	AUX
fsr-3816	271	7	neither	neither	CCONJ
fsr-3816	271	8	safely	safely	ADV
fsr-3816	271	9	assume	assume	VERB
fsr-3816	271	10	that	that	SCONJ
fsr-3816	271	11	personal	personal	ADJ
fsr-3816	271	12	bankruptcy	bankruptcy	NOUN
fsr-3816	271	13	costs	cost	NOUN
fsr-3816	271	14	are	be	AUX
fsr-3816	271	15	irrelevant	irrelevant	ADJ
fsr-3816	271	16	nor	nor	CCONJ
fsr-3816	271	17	can	can	AUX
fsr-3816	271	18	we	we	PRON
fsr-3816	271	19	assume	assume	VERB
fsr-3816	271	20	that	that	SCONJ
fsr-3816	271	21	they	they	PRON
fsr-3816	271	22	are	be	AUX
fsr-3816	271	23	insignificant	insignificant	ADJ
fsr-3816	271	24	.	.	PUNCT
fsr-3816	272	1	we	we	PRON
fsr-3816	272	2	show	show	VERB
fsr-3816	272	3	that	that	SCONJ
fsr-3816	272	4	the	the	DET
fsr-3816	272	5	interaction	interaction	NOUN
fsr-3816	272	6	of	of	ADP
fsr-3816	272	7	personal	personal	ADJ
fsr-3816	272	8	vs.	vs.	X
fsr-3816	272	9	business	business	NOUN
fsr-3816	272	10	bankruptcy	bankruptcy	NOUN
fsr-3816	272	11	costs	cost	NOUN
fsr-3816	272	12	and	and	CCONJ
fsr-3816	272	13	personal	personal	ADJ
fsr-3816	272	14	vs.	vs.	X
fsr-3816	272	15	corporate	corporate	ADJ
fsr-3816	272	16	taxes	taxis	NOUN
fsr-3816	272	17	determine	determine	VERB
fsr-3816	272	18	the	the	DET
fsr-3816	272	19	capital	capital	NOUN
fsr-3816	272	20	structure	structure	NOUN
fsr-3816	272	21	of	of	ADP
fsr-3816	272	22	the	the	DET
fsr-3816	272	23	corporate	corporate	ADJ
fsr-3816	272	24	sector	sector	NOUN
fsr-3816	272	25	as	as	ADV
fsr-3816	272	26	well	well	ADV
fsr-3816	272	27	as	as	ADP
fsr-3816	272	28	that	that	PRON
fsr-3816	272	29	of	of	ADP
fsr-3816	272	30	the	the	DET
fsr-3816	272	31	individual	individual	ADJ
fsr-3816	272	32	firm	firm	NOUN
fsr-3816	272	33	.	.	PUNCT
fsr-3816	273	1	considering	consider	VERB
fsr-3816	273	2	bankruptcy	bankruptcy	NOUN
fsr-3816	273	3	costs	cost	NOUN
fsr-3816	273	4	(	(	PUNCT
fsr-3816	273	5	personal	personal	ADJ
fsr-3816	273	6	and	and	CCONJ
fsr-3816	273	7	corporate	corporate	ADJ
fsr-3816	273	8	)	)	PUNCT
fsr-3816	273	9	and	and	CCONJ
fsr-3816	273	10	taxes	taxis	NOUN
fsr-3816	273	11	(	(	PUNCT
fsr-3816	273	12	both	both	CCONJ
fsr-3816	273	13	personal	personal	ADJ
fsr-3816	273	14	and	and	CCONJ
fsr-3816	273	15	corporate	corporate	ADJ
fsr-3816	273	16	)	)	PUNCT
fsr-3816	273	17	,	,	PUNCT
fsr-3816	273	18	we	we	PRON
fsr-3816	273	19	develop	develop	VERB
fsr-3816	273	20	a	a	DET
fsr-3816	273	21	general	general	ADJ
fsr-3816	273	22	clientele	clientele	PROPN
fsr-3816	273	23	model	model	NOUN
fsr-3816	273	24	of	of	ADP
fsr-3816	273	25	individual	individual	ADJ
fsr-3816	273	26	investment	investment	NOUN
fsr-3816	273	27	-	-	PUNCT
fsr-3816	273	28	borrowing	borrowing	NOUN
fsr-3816	273	29	decisions	decision	NOUN
fsr-3816	273	30	.	.	PUNCT
fsr-3816	274	1	within	within	ADP
fsr-3816	274	2	such	such	DET
fsr-3816	274	3	a	a	DET
fsr-3816	274	4	model	model	NOUN
fsr-3816	274	5	the	the	DET
fsr-3816	274	6	choice	choice	NOUN
fsr-3816	274	7	of	of	ADP
fsr-3816	274	8	the	the	DET
fsr-3816	274	9	media	medium	NOUN
fsr-3816	274	10	(	(	PUNCT
fsr-3816	274	11	equity	equity	NOUN
fsr-3816	274	12	vs.	vs.	X
fsr-3816	274	13	debt	debt	NOUN
fsr-3816	274	14	)	)	PUNCT
fsr-3816	274	15	and	and	CCONJ
fsr-3816	274	16	the	the	DET
fsr-3816	274	17	mode	mode	NOUN
fsr-3816	274	18	(	(	PUNCT
fsr-3816	274	19	use	use	NOUN
fsr-3816	274	20	vs.	vs.	ADP
fsr-3816	274	21	non	non	ADJ
fsr-3816	274	22	-	-	NOUN
fsr-3816	274	23	use	use	NOUN
fsr-3816	274	24	of	of	ADP
fsr-3816	274	25	leverage	leverage	NOUN
fsr-3816	274	26	)	)	PUNCT
fsr-3816	274	27	in	in	ADP
fsr-3816	274	28	investments	investment	NOUN
fsr-3816	274	29	is	be	AUX
fsr-3816	274	30	determined	determine	VERB
fsr-3816	274	31	by	by	ADP
fsr-3816	274	32	the	the	DET
fsr-3816	274	33	inter	inter	ADJ
fsr-3816	274	34	action	action	NOUN
fsr-3816	274	35	of	of	ADP
fsr-3816	274	36	an	an	DET
fsr-3816	274	37	individual	individual	NOUN
fsr-3816	274	38	’s	’s	PART
fsr-3816	274	39	tax	tax	NOUN
fsr-3816	274	40	bracket	bracket	NOUN
fsr-3816	274	41	and	and	CCONJ
fsr-3816	274	42	his	his	PRON
fsr-3816	274	43	/	/	SYM
fsr-3816	274	44	her	her	PRON
fsr-3816	274	45	bankruptcy	bankruptcy	NOUN
fsr-3816	274	46	costs	cost	NOUN
fsr-3816	274	47	,	,	PUNCT
fsr-3816	274	48	furthermore	furthermore	ADV
fsr-3816	274	49	,	,	PUNCT
fsr-3816	274	50	within	within	ADP
fsr-3816	274	51	such	such	DET
fsr-3816	274	52	a	a	DET
fsr-3816	274	53	framework	framework	NOUN
fsr-3816	274	54	,	,	PUNCT
fsr-3816	274	55	levered	lever	VERB
fsr-3816	274	56	mutual	mutual	ADJ
fsr-3816	274	57	funds	fund	NOUN
fsr-3816	274	58	may	may	AUX
fsr-3816	274	59	become	become	VERB
fsr-3816	274	60	the	the	DET
fsr-3816	274	61	providers	provider	NOUN
fsr-3816	274	62	of	of	ADP
fsr-3816	274	63	low	low	ADJ
fsr-3816	274	64	cost	cost	NOUN
fsr-3816	274	65	leverage	leverage	NOUN
fsr-3816	274	66	to	to	ADP
fsr-3816	274	67	the	the	DET
fsr-3816	274	68	individuals	individual	NOUN
fsr-3816	274	69	with	with	ADP
fsr-3816	274	70	relatively	relatively	ADV
fsr-3816	274	71	high	high	ADJ
fsr-3816	274	72	bankruptcy	bankruptcy	NOUN
fsr-3816	274	73	costs	cost	NOUN
fsr-3816	274	74	and	and	CCONJ
fsr-3816	274	75	or	or	CCONJ
fsr-3816	274	76	high	high	ADJ
fsr-3816	274	77	monitoring	monitoring	NOUN
fsr-3816	274	78	costs	cost	NOUN
fsr-3816	274	79	.	.	PUNCT
fsr-3816	275	1	the	the	DET
fsr-3816	275	2	incentive	incentive	NOUN
fsr-3816	275	3	to	to	PART
fsr-3816	275	4	create	create	VERB
fsr-3816	275	5	these	these	DET
fsr-3816	275	6	funds	fund	NOUN
fsr-3816	275	7	is	be	AUX
fsr-3816	275	8	then	then	ADV
fsr-3816	275	9	dependent	dependent	ADJ
fsr-3816	275	10	on	on	ADP
fsr-3816	275	11	the	the	DET
fsr-3816	275	12	magnitude	magnitude	NOUN
fsr-3816	275	13	of	of	ADP
fsr-3816	275	14	the	the	DET
fsr-3816	275	15	spread	spread	NOUN
fsr-3816	275	16	between	between	ADP
fsr-3816	275	17	the	the	DET
fsr-3816	275	18	average	average	ADJ
fsr-3816	275	19	cost	cost	NOUN
fsr-3816	275	20	of	of	ADP
fsr-3816	275	21	personal	personal	ADJ
fsr-3816	275	22	debt	debt	NOUN
fsr-3816	275	23	and	and	CCONJ
fsr-3816	275	24	the	the	DET
fsr-3816	275	25	average	average	ADJ
fsr-3816	275	26	cost	cost	NOUN
fsr-3816	275	27	of	of	ADP
fsr-3816	275	28	personal	personal	ADJ
fsr-3816	275	29	debt	debt	NOUN
fsr-3816	275	30	.	.	PUNCT
fsr-3816	276	1	this	this	DET
fsr-3816	276	2	spread	spread	NOUN
fsr-3816	276	3	is	be	AUX
fsr-3816	276	4	a	a	DET
fsr-3816	276	5	function	function	NOUN
fsr-3816	276	6	of	of	ADP
fsr-3816	276	7	the	the	DET
fsr-3816	276	8	difference	difference	NOUN
fsr-3816	276	9	between	between	ADP
fsr-3816	276	10	the	the	DET
fsr-3816	276	11	average	average	ADJ
fsr-3816	276	12	expected	expect	VERB
fsr-3816	276	13	bankruptcy	bankruptcy	NOUN
fsr-3816	276	14	and	and	CCONJ
fsr-3816	276	15	monitoring	monitoring	NOUN
fsr-3816	276	16	costs	cost	NOUN
fsr-3816	276	17	for	for	ADP
fsr-3816	276	18	corporate	corporate	ADJ
fsr-3816	276	19	and	and	CCONJ
fsr-3816	276	20	personal	personal	ADJ
fsr-3816	276	21	debt	debt	NOUN
fsr-3816	276	22	,	,	PUNCT
fsr-3816	276	23	which	which	PRON
fsr-3816	276	24	our	our	PRON
fsr-3816	276	25	exploratory	exploratory	ADJ
fsr-3816	276	26	estimates	estimate	NOUN
fsr-3816	276	27	of	of	ADP
fsr-3816	276	28	personal	personal	ADJ
fsr-3816	276	29	bankruptcy	bankruptcy	NOUN
fsr-3816	276	30	costs	cost	NOUN
fsr-3816	276	31	indicate	indicate	VERB
fsr-3816	276	32	may	may	AUX
fsr-3816	276	33	be	be	AUX
fsr-3816	276	34	rather	rather	ADV
fsr-3816	276	35	large	large	ADJ
fsr-3816	276	36	.	.	PUNCT
fsr-3816	277	1	these	these	DET
fsr-3816	277	2	estimates	estimate	NOUN
fsr-3816	277	3	indicate	indicate	VERB
fsr-3816	277	4	that	that	SCONJ
fsr-3816	277	5	personal	personal	ADJ
fsr-3816	277	6	bankruptcy	bankruptcy	NOUN
fsr-3816	277	7	costs	cost	NOUN
fsr-3816	277	8	can	can	AUX
fsr-3816	277	9	consume	consume	VERB
fsr-3816	277	10	as	as	ADV
fsr-3816	277	11	much	much	ADJ
fsr-3816	277	12	as	as	ADP
fsr-3816	277	13	45	45	NUM
fsr-3816	277	14	%	%	NOUN
fsr-3816	277	15	of	of	ADP
fsr-3816	277	16	the	the	DET
fsr-3816	277	17	net	net	ADJ
fsr-3816	277	18	proceeds	proceed	NOUN
fsr-3816	277	19	realized	realize	VERB
fsr-3816	277	20	on	on	ADP
fsr-3816	277	21	the	the	DET
fsr-3816	277	22	average	average	NOUN
fsr-3816	277	23	and	and	CCONJ
fsr-3816	277	24	as	as	ADP
fsr-3816	277	25	such	such	ADJ
fsr-3816	277	26	are	be	AUX
fsr-3816	277	27	higher	high	ADJ
fsr-3816	277	28	than	than	ADP
fsr-3816	277	29	corporate	corporate	ADJ
fsr-3816	277	30	bankruptcy	bankruptcy	NOUN
fsr-3816	277	31	costs	cost	NOUN
fsr-3816	277	32	documented	document	VERB
fsr-3816	277	33	in	in	ADP
fsr-3816	277	34	the	the	DET
fsr-3816	277	35	literature	literature	NOUN
fsr-3816	277	36	.	.	PUNCT
fsr-3816	278	1	the	the	DET
fsr-3816	278	2	evidence	evidence	NOUN
fsr-3816	278	3	also	also	ADV
fsr-3816	278	4	suggests	suggest	VERB
fsr-3816	278	5	that	that	SCONJ
fsr-3816	278	6	personal	personal	ADJ
fsr-3816	278	7	bankruptcy	bankruptcy	NOUN
fsr-3816	278	8	costs	cost	NOUN
fsr-3816	278	9	are	be	AUX
fsr-3816	278	10	a	a	DET
fsr-3816	278	11	quadratic	quadratic	ADJ
fsr-3816	278	12	function	function	NOUN
fsr-3816	278	13	of	of	ADP
fsr-3816	278	14	the	the	DET
fsr-3816	278	15	net	net	NOUN
fsr-3816	278	16	proceeds	proceed	NOUN
fsr-3816	278	17	real	real	ADV
fsr-3816	278	18	ized	ized	ADJ
fsr-3816	278	19	and	and	CCONJ
fsr-3816	278	20	that	that	SCONJ
fsr-3816	278	21	there	there	PRON
fsr-3816	278	22	are	be	VERB
fsr-3816	278	23	economies	economy	NOUN
fsr-3816	278	24	of	of	ADP
fsr-3816	278	25	scale	scale	NOUN
fsr-3816	278	26	in	in	ADP
fsr-3816	278	27	such	such	ADJ
fsr-3816	278	28	costs	cost	NOUN
fsr-3816	278	29	.	.	PUNCT
fsr-3816	279	1	this	this	PRON
fsr-3816	279	2	should	should	AUX
fsr-3816	279	3	provide	provide	VERB
fsr-3816	279	4	further	further	ADJ
fsr-3816	279	5	impe	impe	PROPN
fsr-3816	279	6	tus	tus	PROPN
fsr-3816	279	7	for	for	ADP
fsr-3816	279	8	institutional	institutional	ADJ
fsr-3816	279	9	arrangements	arrangement	NOUN
fsr-3816	279	10	that	that	PRON
fsr-3816	279	11	minimize	minimize	VERB
fsr-3816	279	12	combined	combined	ADJ
fsr-3816	279	13	bankruptcy	bankruptcy	NOUN
fsr-3816	279	14	costs	cost	NOUN
fsr-3816	279	15	.	.	PUNCT
fsr-3816	280	1	acknowledgment	acknowledgment	NOUN
fsr-3816	280	2	:	:	PUNCT
fsr-3816	280	3	the	the	DET
fsr-3816	280	4	authors	author	NOUN
fsr-3816	280	5	would	would	AUX
fsr-3816	280	6	like	like	VERB
fsr-3816	280	7	to	to	PART
fsr-3816	280	8	thank	thank	VERB
fsr-3816	280	9	professor	professor	PROPN
fsr-3816	280	10	karen	karen	PROPN
fsr-3816	280	11	eilers	eilers	PROPN
fsr-3816	280	12	lahey	lahey	PROPN
fsr-3816	280	13	for	for	ADP
fsr-3816	280	14	her	her	PRON
fsr-3816	280	15	insightful	insightful	ADJ
fsr-3816	280	16	comments	comment	NOUN
fsr-3816	280	17	on	on	ADP
fsr-3816	280	18	an	an	DET
fsr-3816	280	19	earlier	early	ADJ
fsr-3816	280	20	version	version	NOUN
fsr-3816	280	21	of	of	ADP
fsr-3816	280	22	this	this	DET
fsr-3816	280	23	paper	paper	NOUN
fsr-3816	280	24	.	.	PUNCT
fsr-3816	281	1	notes	note	VERB
fsr-3816	281	2	1	1	NUM
fsr-3816	281	3	.	.	X
fsr-3816	281	4	note	note	VERB
fsr-3816	281	5	that	that	SCONJ
fsr-3816	281	6	miller	miller	PROPN
fsr-3816	281	7	sets	set	VERB
fsr-3816	281	8	tg	tg	X
fsr-3816	281	9	=	=	NOUN
fsr-3816	281	10	0	0	NUM
fsr-3816	281	11	.	.	NOUN
fsr-3816	281	12	2	2	X
fsr-3816	281	13	.	.	X
fsr-3816	281	14	note	note	VERB
fsr-3816	281	15	that	that	SCONJ
fsr-3816	281	16	at	at	ADP
fsr-3816	281	17	the	the	DET
fsr-3816	281	18	margin(m	margin(m	NOUN
fsr-3816	281	19	)	)	PUNCT
fsr-3816	281	20	bcm	bcm	NOUN
fsr-3816	281	21	=	=	SYM
fsr-3816	281	22	4	4	NUM
fsr-3816	281	23	”	"	PUNCT
fsr-3816	281	24	‘	'	PUNCT
fsr-3816	281	25	.	.	PUNCT
fsr-3816	282	1	this	this	PRON
fsr-3816	282	2	is	be	AUX
fsr-3816	282	3	comparable	comparable	ADJ
fsr-3816	282	4	to	to	ADP
fsr-3816	282	5	the	the	DET
fsr-3816	282	6	case	case	NOUN
fsr-3816	282	7	where	where	SCONJ
fsr-3816	282	8	only	only	ADJ
fsr-3816	282	9	taxes	taxis	NOUN
fsr-3816	282	10	are	be	AUX
fsr-3816	282	11	considered	consider	VERB
fsr-3816	282	12	and	and	CCONJ
fsr-3816	282	13	at	at	ADP
fsr-3816	282	14	equilibrium	equilibrium	NOUN
fsr-3816	282	15	(	(	PUNCT
fsr-3816	282	16	1	1	NUM
fsr-3816	282	17	t	t	PROPN
fsr-3816	282	18	,	,	PUNCT
fsr-3816	282	19	,	,	PUNCT
fsr-3816	282	20	“	"	PUNCT
fsr-3816	282	21	)	)	PUNCT
fsr-3816	282	22	=	=	SYM
fsr-3816	282	23	(	(	PUNCT
fsr-3816	282	24	1	1	NUM
fsr-3816	282	25	rcm	rcm	PROPN
fsr-3816	282	26	)	)	PUNCT
fsr-3816	282	27	(	(	PUNCT
fsr-3816	282	28	1	1	NUM
fsr-3816	282	29	tg	tg	PROPN
fsr-3816	282	30	”	"	PUNCT
fsr-3816	282	31	)	)	PUNCT
fsr-3816	282	32	.	.	PUNCT
fsr-3816	283	1	3	3	X
fsr-3816	283	2	.	.	X
fsr-3816	283	3	under	under	ADP
fsr-3816	283	4	chapter	chapter	NOUN
fsr-3816	283	5	7	7	NUM
fsr-3816	283	6	of	of	ADP
fsr-3816	283	7	the	the	DET
fsr-3816	283	8	u.s	u.s	PROPN
fsr-3816	283	9	.	.	PROPN
fsr-3816	283	10	1978	1978	NUM
fsr-3816	283	11	bankruptcy	bankruptcy	PROPN
fsr-3816	283	12	code	code	PROPN
fsr-3816	283	13	,	,	PUNCT
fsr-3816	283	14	the	the	DET
fsr-3816	283	15	first	first	ADJ
fsr-3816	283	16	$	$	SYM
fsr-3816	283	17	7,500	7,500	NUM
fsr-3816	283	18	of	of	ADP
fsr-3816	283	19	equity	equity	NOUN
fsr-3816	283	20	in	in	ADP
fsr-3816	283	21	an	an	DET
fsr-3816	283	22	indi	indi	PROPN
fsr-3816	283	23	vidual	vidual	ADJ
fsr-3816	283	24	’s	’s	PART
fsr-3816	283	25	home	home	NOUN
fsr-3816	283	26	and	and	CCONJ
fsr-3816	283	27	$	$	SYM
fsr-3816	283	28	3,050	3,050	NUM
fsr-3816	283	29	in	in	ADP
fsr-3816	283	30	other	other	ADJ
fsr-3816	283	31	specified	specified	ADJ
fsr-3816	283	32	assets	asset	NOUN
fsr-3816	283	33	are	be	AUX
fsr-3816	283	34	exempt	exempt	ADJ
fsr-3816	283	35	from	from	ADP
fsr-3816	283	36	bankruptcy	bankruptcy	NOUN
fsr-3816	283	37	proceedings	proceeding	NOUN
fsr-3816	283	38	.	.	PUNCT
fsr-3816	284	1	how	how	SCONJ
fsr-3816	284	2	ever	ever	ADV
fsr-3816	284	3	,	,	PUNCT
fsr-3816	284	4	the	the	DET
fsr-3816	284	5	level	level	NOUN
fsr-3816	284	6	of	of	ADP
fsr-3816	284	7	exemptions	exemption	NOUN
fsr-3816	284	8	vary	vary	VERB
fsr-3816	284	9	from	from	ADP
fsr-3816	284	10	one	one	NUM
fsr-3816	284	11	state	state	NOUN
fsr-3816	284	12	to	to	ADP
fsr-3816	284	13	another	another	PRON
fsr-3816	284	14	,	,	PUNCT
fsr-3816	284	15	and	and	CCONJ
fsr-3816	284	16	the	the	DET
fsr-3816	284	17	petitioner	petitioner	NOUN
fsr-3816	284	18	has	have	VERB
fsr-3816	284	19	the	the	DET
fsr-3816	284	20	choice	choice	NOUN
fsr-3816	284	21	between	between	ADP
fsr-3816	284	22	federal	federal	ADJ
fsr-3816	284	23	and	and	CCONJ
fsr-3816	284	24	state	state	NOUN
fsr-3816	284	25	exemptions	exemption	NOUN
fsr-3816	284	26	.	.	PUNCT
fsr-3816	285	1	see	see	VERB
fsr-3816	285	2	frank	frank	ADJ
fsr-3816	285	3	and	and	CCONJ
fsr-3816	285	4	torous	torous	ADJ
fsr-3816	285	5	(	(	PUNCT
fsr-3816	285	6	1992	1992	NUM
fsr-3816	285	7	)	)	PUNCT
fsr-3816	285	8	for	for	ADP
fsr-3816	285	9	a	a	DET
fsr-3816	285	10	comparison	comparison	NOUN
fsr-3816	285	11	of	of	ADP
fsr-3816	285	12	uk	uk	PROPN
fsr-3816	285	13	and	and	CCONJ
fsr-3816	285	14	u.s	u.s	PROPN
fsr-3816	285	15	.	.	PROPN
fsr-3816	285	16	bankruptcy	bankruptcy	NOUN
fsr-3816	285	17	procedures	procedure	NOUN
fsr-3816	285	18	.	.	PUNCT
fsr-3816	286	1	gropp	gropp	VERB
fsr-3816	286	2	,	,	PUNCT
fsr-3816	286	3	scholz	scholz	NOUN
fsr-3816	286	4	and	and	CCONJ
fsr-3816	286	5	white	white	ADJ
fsr-3816	286	6	(	(	PUNCT
fsr-3816	286	7	1997	1997	NUM
fsr-3816	286	8	)	)	PUNCT
fsr-3816	286	9	discuss	discuss	VERB
fsr-3816	286	10	how	how	SCONJ
fsr-3816	286	11	personal	personal	ADJ
fsr-3816	286	12	bankruptcy	bankruptcy	NOUN
fsr-3816	286	13	exemptions	exemption	NOUN
fsr-3816	286	14	redistribute	redistribute	VERB
fsr-3816	286	15	credit	credit	NOUN
fsr-3816	286	16	toward	toward	ADP
fsr-3816	286	17	borrowers	borrower	NOUN
fsr-3816	286	18	with	with	ADP
fsr-3816	286	19	high	high	ADJ
fsr-3816	286	20	assets	asset	NOUN
fsr-3816	286	21	.	.	PUNCT
fsr-3816	287	1	4	4	X
fsr-3816	287	2	.	.	X
fsr-3816	287	3	it	it	PRON
fsr-3816	287	4	is	be	AUX
fsr-3816	287	5	from	from	ADP
fsr-3816	287	6	this	this	DET
fsr-3816	287	7	perspective	perspective	NOUN
fsr-3816	287	8	that	that	SCONJ
fsr-3816	287	9	shepard	shepard	NOUN
fsr-3816	287	10	(	(	PUNCT
fsr-3816	287	11	1984	1984	NUM
fsr-3816	287	12	)	)	PUNCT
fsr-3816	287	13	refers	refer	VERB
fsr-3816	287	14	to	to	ADP
fsr-3816	287	15	bankruptcy	bankruptcy	NOUN
fsr-3816	287	16	as	as	ADP
fsr-3816	287	17	a	a	DET
fsr-3816	287	18	rational	rational	ADJ
fsr-3816	287	19	strategy	strategy	NOUN
fsr-3816	287	20	by	by	ADP
fsr-3816	287	21	many	many	ADJ
fsr-3816	287	22	debtors	debtor	NOUN
fsr-3816	287	23	to	to	PART
fsr-3816	287	24	maximize	maximize	VERB
fsr-3816	287	25	their	their	PRON
fsr-3816	287	26	wealth	wealth	NOUN
fsr-3816	287	27	.	.	PUNCT
fsr-3816	288	1	5	5	X
fsr-3816	288	2	.	.	X
fsr-3816	288	3	an	an	DET
fsr-3816	288	4	interesting	interesting	ADJ
fsr-3816	288	5	exception	exception	NOUN
fsr-3816	288	6	to	to	ADP
fsr-3816	288	7	this	this	DET
fsr-3816	288	8	rule	rule	NOUN
fsr-3816	288	9	is	be	AUX
fsr-3816	288	10	the	the	DET
fsr-3816	288	11	case	case	NOUN
fsr-3816	288	12	of	of	ADP
fsr-3816	288	13	john	john	PROPN
fsr-3816	288	14	manville	manville	PROPN
fsr-3816	288	15	which	which	PRON
fsr-3816	288	16	declared	declare	VERB
fsr-3816	288	17	bank	bank	NOUN
fsr-3816	288	18	ruptcy	ruptcy	NOUN
fsr-3816	288	19	in	in	ADP
fsr-3816	288	20	order	order	NOUN
fsr-3816	288	21	to	to	PART
fsr-3816	288	22	limit	limit	VERB
fsr-3816	288	23	the	the	DET
fsr-3816	288	24	asbestos	asbestos	NOUN
fsr-3816	288	25	victims	victim	NOUN
fsr-3816	288	26	’	'	PUNCT
fsr-3816	288	27	claims	claim	NOUN
fsr-3816	288	28	.	.	PUNCT
fsr-3816	289	1	the	the	DET
fsr-3816	289	2	strategy	strategy	NOUN
fsr-3816	289	3	,	,	PUNCT
fsr-3816	289	4	designed	design	VERB
fsr-3816	289	5	to	to	PART
fsr-3816	289	6	protect	protect	VERB
fsr-3816	289	7	the	the	DET
fsr-3816	289	8	interest	interest	NOUN
fsr-3816	289	9	of	of	ADP
fsr-3816	289	10	the	the	DET
fsr-3816	289	11	shareholders	shareholder	NOUN
fsr-3816	289	12	,	,	PUNCT
fsr-3816	289	13	proved	prove	VERB
fsr-3816	289	14	disastrous	disastrous	ADJ
fsr-3816	289	15	for	for	ADP
fsr-3816	289	16	the	the	DET
fsr-3816	289	17	firm	firm	NOUN
fsr-3816	289	18	.	.	PUNCT
fsr-3816	290	1	6	6	X
fsr-3816	290	2	.	.	X
fsr-3816	290	3	note	note	VERB
fsr-3816	290	4	that	that	SCONJ
fsr-3816	290	5	these	these	PRON
fsr-3816	290	6	are	be	AUX
fsr-3816	290	7	post	post	ADJ
fsr-3816	290	8	-	-	ADJ
fsr-3816	290	9	bankruptcy	bankruptcy	ADJ
fsr-3816	290	10	benefits	benefit	NOUN
fsr-3816	290	11	and	and	CCONJ
fsr-3816	290	12	are	be	AUX
fsr-3816	290	13	often	often	ADV
fsr-3816	290	14	ignored	ignore	VERB
fsr-3816	290	15	in	in	ADP
fsr-3816	290	16	theoretical	theoretical	ADJ
fsr-3816	290	17	discussions	discussion	NOUN
fsr-3816	290	18	.	.	PUNCT
fsr-3816	291	1	7	7	X
fsr-3816	291	2	.	.	X
fsr-3816	291	3	business	business	NOUN
fsr-3816	291	4	week	week	NOUN
fsr-3816	291	5	,	,	PUNCT
fsr-3816	291	6	in	in	ADP
fsr-3816	291	7	a	a	DET
fsr-3816	291	8	recent	recent	ADJ
fsr-3816	291	9	commentary	commentary	NOUN
fsr-3816	291	10	on	on	ADP
fsr-3816	291	11	personal	personal	ADJ
fsr-3816	291	12	bankruptcies	bankruptcy	NOUN
fsr-3816	291	13	,	,	PUNCT
fsr-3816	291	14	reports	report	VERB
fsr-3816	291	15	that	that	SCONJ
fsr-3816	291	16	about	about	ADV
fsr-3816	291	17	30	30	NUM
fsr-3816	291	18	%	%	NOUN
fsr-3816	291	19	of	of	ADP
fsr-3816	291	20	debtors	debtor	NOUN
fsr-3816	291	21	file	file	VERB
fsr-3816	291	22	under	under	ADP
fsr-3816	291	23	chapter	chapter	NOUN
fsr-3816	291	24	13	13	NUM
fsr-3816	291	25	(	(	PUNCT
fsr-3816	291	26	gutner	gutner	PROPN
fsr-3816	291	27	,	,	PUNCT
fsr-3816	291	28	1996	1996	NUM
fsr-3816	291	29	)	)	PUNCT
fsr-3816	291	30	.	.	PUNCT
fsr-3816	292	1	94	94	NUM
fsr-3816	292	2	financial	financial	ADJ
fsr-3816	292	3	services	service	NOUN
fsr-3816	292	4	review	review	VERB
fsr-3816	292	5	6(2	6(2	NUM
fsr-3816	292	6	)	)	PUNCT
fsr-3816	292	7	1997	1997	NUM
fsr-3816	292	8	8	8	NUM
fsr-3816	292	9	.	.	PUNCT
fsr-3816	293	1	by	by	ADP
fsr-3816	293	2	comparison	comparison	NOUN
fsr-3816	293	3	,	,	PUNCT
fsr-3816	293	4	business	business	NOUN
fsr-3816	293	5	bankruptcy	bankruptcy	NOUN
fsr-3816	293	6	filings	filing	NOUN
fsr-3816	293	7	during	during	ADP
fsr-3816	293	8	this	this	DET
fsr-3816	293	9	period	period	NOUN
fsr-3816	293	10	consist	consist	NOUN
fsr-3816	293	11	of	of	ADP
fsr-3816	293	12	34	34	NUM
fsr-3816	293	13	cases	case	NOUN
fsr-3816	293	14	,	,	PUNCT
fsr-3816	293	15	only	only	ADV
fsr-3816	293	16	11	11	NUM
fsr-3816	293	17	(	(	PUNCT
fsr-3816	293	18	32	32	NUM
fsr-3816	293	19	%	%	NOUN
fsr-3816	293	20	)	)	PUNCT
fsr-3816	293	21	of	of	ADP
fsr-3816	293	22	which	which	PRON
fsr-3816	293	23	were	be	AUX
fsr-3816	293	24	nominal	nominal	ADJ
fsr-3816	293	25	asset	asset	NOUN
fsr-3816	293	26	cases	case	NOUN
fsr-3816	293	27	.	.	PUNCT
fsr-3816	294	1	in	in	ADP
fsr-3816	294	2	what	what	PRON
fsr-3816	294	3	follows	follow	VERB
fsr-3816	294	4	we	we	PRON
fsr-3816	294	5	will	will	AUX
fsr-3816	294	6	report	report	VERB
fsr-3816	294	7	the	the	DET
fsr-3816	294	8	highlights	highlight	NOUN
fsr-3816	294	9	of	of	ADP
fsr-3816	294	10	the	the	DET
fsr-3816	294	11	results	result	NOUN
fsr-3816	294	12	for	for	ADP
fsr-3816	294	13	personal	personal	ADJ
fsr-3816	294	14	cases	case	NOUN
fsr-3816	294	15	in	in	ADP
fsr-3816	294	16	the	the	DET
fsr-3816	294	17	body	body	NOUN
fsr-3816	294	18	of	of	ADP
fsr-3816	294	19	the	the	DET
fsr-3816	294	20	paper	paper	NOUN
fsr-3816	294	21	and	and	CCONJ
fsr-3816	294	22	report	report	VERB
fsr-3816	294	23	the	the	DET
fsr-3816	294	24	results	result	NOUN
fsr-3816	294	25	for	for	ADP
fsr-3816	294	26	business	business	NOUN
fsr-3816	294	27	bankruptcies	bankruptcy	NOUN
fsr-3816	294	28	in	in	ADP
fsr-3816	294	29	footnotes	footnote	NOUN
fsr-3816	294	30	.	.	PUNCT
fsr-3816	295	1	the	the	DET
fsr-3816	295	2	detailed	detailed	ADJ
fsr-3816	295	3	results	result	NOUN
fsr-3816	295	4	are	be	AUX
fsr-3816	295	5	,	,	PUNCT
fsr-3816	295	6	however	however	ADV
fsr-3816	295	7	,	,	PUNCT
fsr-3816	295	8	available	available	ADJ
fsr-3816	295	9	from	from	ADP
fsr-3816	295	10	the	the	DET
fsr-3816	295	11	authors	author	NOUN
fsr-3816	295	12	.	.	PUNCT
fsr-3816	296	1	9	9	X
fsr-3816	296	2	.	.	X
fsr-3816	296	3	by	by	ADP
fsr-3816	296	4	contrast	contrast	NOUN
fsr-3816	296	5	the	the	DET
fsr-3816	296	6	greatest	great	ADJ
fsr-3816	296	7	concentration	concentration	NOUN
fsr-3816	296	8	of	of	ADP
fsr-3816	296	9	business	business	NOUN
fsr-3816	296	10	bankruptcy	bankruptcy	NOUN
fsr-3816	296	11	cases	case	NOUN
fsr-3816	296	12	is	be	AUX
fsr-3816	296	13	in	in	ADP
fsr-3816	296	14	the	the	DET
fsr-3816	296	15	more	more	ADJ
fsr-3816	296	16	than	than	ADP
fsr-3816	296	17	$	$	SYM
fsr-3816	296	18	150,000	150,000	NUM
fsr-3816	296	19	range	range	NOUN
fsr-3816	296	20	of	of	ADP
fsr-3816	296	21	claims	claim	NOUN
fsr-3816	296	22	.	.	PUNCT
fsr-3816	297	1	10	10	NUM
fsr-3816	297	2	.	.	PUNCT
fsr-3816	298	1	the	the	DET
fsr-3816	298	2	corresponding	corresponding	ADJ
fsr-3816	298	3	figures	figure	NOUN
fsr-3816	298	4	for	for	ADP
fsr-3816	298	5	business	business	NOUN
fsr-3816	298	6	bankruptcy	bankruptcy	NOUN
fsr-3816	298	7	cases	case	NOUN
fsr-3816	298	8	(	(	PUNCT
fsr-3816	298	9	b	b	NOUN
fsr-3816	298	10	,	,	PUNCT
fsr-3816	298	11	)	)	PUNCT
fsr-3816	298	12	are	be	AUX
fsr-3816	298	13	14	14	NUM
fsr-3816	298	14	%	%	NOUN
fsr-3816	298	15	(	(	PUNCT
fsr-3816	298	16	minimum	minimum	NOUN
fsr-3816	298	17	)	)	PUNCT
fsr-3816	298	18	and	and	CCONJ
fsr-3816	298	19	20	20	NUM
fsr-3816	298	20	%	%	NOUN
fsr-3816	298	21	(	(	PUNCT
fsr-3816	298	22	average	average	ADJ
fsr-3816	298	23	)	)	PUNCT
fsr-3816	298	24	for	for	ADP
fsr-3816	298	25	all	all	DET
fsr-3816	298	26	cases	case	NOUN
fsr-3816	298	27	and	and	CCONJ
fsr-3816	298	28	12	12	NUM
fsr-3816	298	29	%	%	NOUN
fsr-3816	298	30	and	and	CCONJ
fsr-3816	298	31	17	17	NUM
fsr-3816	298	32	%	%	NOUN
fsr-3816	298	33	for	for	ADP
fsr-3816	298	34	asset	asset	NOUN
fsr-3816	298	35	cases	case	NOUN
fsr-3816	298	36	only	only	ADV
fsr-3816	298	37	.	.	PUNCT
fsr-3816	299	1	11	11	NUM
fsr-3816	299	2	.	.	X
fsr-3816	300	1	for	for	ADP
fsr-3816	300	2	business	business	NOUN
fsr-3816	300	3	bankruptcy	bankruptcy	NOUN
fsr-3816	300	4	cases	case	NOUN
fsr-3816	300	5	the	the	DET
fsr-3816	300	6	trustee	trustee	NOUN
fsr-3816	300	7	’s	’s	PART
fsr-3816	300	8	attorney	attorney	NOUN
fsr-3816	300	9	fees	fee	NOUN
fsr-3816	300	10	ranked	rank	VERB
fsr-3816	300	11	as	as	ADP
fsr-3816	300	12	the	the	DET
fsr-3816	300	13	most	most	ADV
fsr-3816	300	14	important	important	ADJ
fsr-3816	300	15	component	component	NOUN
fsr-3816	300	16	cost	cost	NOUN
fsr-3816	300	17	.	.	PUNCT
fsr-3816	301	1	the	the	DET
fsr-3816	301	2	trustee	trustee	NOUN
fsr-3816	301	3	’s	’s	PART
fsr-3816	301	4	commissions	commission	NOUN
fsr-3816	301	5	and	and	CCONJ
fsr-3816	301	6	accountants	accountant	NOUN
fsr-3816	301	7	’	'	PUNCT
fsr-3816	301	8	fees	fee	NOUN
fsr-3816	301	9	tied	tie	VERB
fsr-3816	301	10	as	as	ADP
fsr-3816	301	11	the	the	DET
fsr-3816	301	12	second	second	ADJ
fsr-3816	301	13	most	most	ADV
fsr-3816	301	14	important	important	ADJ
fsr-3816	301	15	component	component	NOUN
fsr-3816	301	16	.	.	PUNCT
fsr-3816	302	1	12	12	NUM
fsr-3816	302	2	.	.	PUNCT
fsr-3816	303	1	in	in	ADP
fsr-3816	303	2	business	business	NOUN
fsr-3816	303	3	bankruptcy	bankruptcy	NOUN
fsr-3816	303	4	cases	case	NOUN
fsr-3816	303	5	secured	secure	VERB
fsr-3816	303	6	and	and	CCONJ
fsr-3816	303	7	unsecured	unsecured	ADJ
fsr-3816	303	8	claimholders	claimholder	NOUN
fsr-3816	303	9	fare	fare	VERB
fsr-3816	303	10	almost	almost	ADV
fsr-3816	303	11	as	as	ADP
fsr-3816	303	12	poorly	poorly	ADV
fsr-3816	303	13	:	:	PUNCT
fsr-3816	303	14	4.6	4.6	NUM
fsr-3816	303	15	%	%	NOUN
fsr-3816	303	16	and	and	CCONJ
fsr-3816	303	17	4.3	4.3	NUM
fsr-3816	303	18	%	%	NOUN
fsr-3816	303	19	of	of	ADP
fsr-3816	303	20	claims	claim	NOUN
fsr-3816	303	21	paid	pay	VERB
fsr-3816	303	22	,	,	PUNCT
fsr-3816	303	23	respectively	respectively	ADV
fsr-3816	303	24	.	.	PUNCT
fsr-3816	304	1	13	13	NUM
fsr-3816	304	2	.	.	PUNCT
fsr-3816	305	1	this	this	PRON
fsr-3816	305	2	may	may	AUX
fsr-3816	305	3	be	be	AUX
fsr-3816	305	4	due	due	ADJ
fsr-3816	305	5	to	to	ADP
fsr-3816	305	6	an	an	DET
fsr-3816	305	7	important	important	ADJ
fsr-3816	305	8	difference	difference	NOUN
fsr-3816	305	9	between	between	ADP
fsr-3816	305	10	corporate	corporate	ADJ
fsr-3816	305	11	and	and	CCONJ
fsr-3816	305	12	personal	personal	ADJ
fsr-3816	305	13	bankruptcies	bankruptcy	NOUN
fsr-3816	305	14	:	:	PUNCT
fsr-3816	305	15	when	when	SCONJ
fsr-3816	305	16	a	a	DET
fsr-3816	305	17	firm	firm	NOUN
fsr-3816	305	18	is	be	AUX
fsr-3816	305	19	in	in	ADP
fsr-3816	305	20	distress	distress	NOUN
fsr-3816	305	21	,	,	PUNCT
fsr-3816	305	22	the	the	DET
fsr-3816	305	23	lender	lender	NOUN
fsr-3816	305	24	would	would	AUX
fsr-3816	305	25	consider	consider	VERB
fsr-3816	305	26	(	(	PUNCT
fsr-3816	305	27	a	a	X
fsr-3816	305	28	)	)	PUNCT
fsr-3816	305	29	the	the	DET
fsr-3816	305	30	liquidation	liquidation	NOUN
fsr-3816	305	31	value	value	NOUN
fsr-3816	305	32	of	of	ADP
fsr-3816	305	33	all	all	DET
fsr-3816	305	34	assets	asset	NOUN
fsr-3816	305	35	of	of	ADP
fsr-3816	305	36	the	the	DET
fsr-3816	305	37	firm	firm	NOUN
fsr-3816	305	38	and	and	CCONJ
fsr-3816	305	39	(	(	PUNCT
fsr-3816	305	40	b	b	X
fsr-3816	305	41	)	)	PUNCT
fsr-3816	305	42	the	the	DET
fsr-3816	305	43	capitalized	capitalize	VERB
fsr-3816	305	44	value	value	NOUN
fsr-3816	305	45	of	of	ADP
fsr-3816	305	46	all	all	DET
fsr-3816	305	47	future	future	ADJ
fsr-3816	305	48	cash	cash	NOUN
fsr-3816	305	49	flows	flow	NOUN
fsr-3816	305	50	and	and	CCONJ
fsr-3816	305	51	choose	choose	VERB
fsr-3816	305	52	a	a	DET
fsr-3816	305	53	course	course	NOUN
fsr-3816	305	54	of	of	ADP
fsr-3816	305	55	action	action	NOUN
fsr-3816	305	56	.	.	PUNCT
fsr-3816	306	1	in	in	ADP
fsr-3816	306	2	case	case	NOUN
fsr-3816	306	3	of	of	ADP
fsr-3816	306	4	indi	indi	PROPN
fsr-3816	306	5	viduals	vidual	NOUN
fsr-3816	306	6	,	,	PUNCT
fsr-3816	306	7	however	however	ADV
fsr-3816	306	8	,	,	PUNCT
fsr-3816	306	9	the	the	DET
fsr-3816	306	10	relevant	relevant	ADJ
fsr-3816	306	11	figures	figure	NOUN
fsr-3816	306	12	are	be	AUX
fsr-3816	306	13	(	(	PUNCT
fsr-3816	306	14	a	a	X
fsr-3816	306	15	)	)	PUNCT
fsr-3816	306	16	the	the	DET
fsr-3816	306	17	liquidation	liquidation	NOUN
fsr-3816	306	18	value	value	NOUN
fsr-3816	306	19	minus	minus	CCONJ
fsr-3816	306	20	exemptions	exemption	NOUN
fsr-3816	306	21	and	and	CCONJ
fsr-3816	306	22	(	(	PUNCT
fsr-3816	306	23	b	b	X
fsr-3816	306	24	)	)	PUNCT
fsr-3816	306	25	the	the	DET
fsr-3816	306	26	cur	cur	PROPN
fsr-3816	306	27	rent	rent	NOUN
fsr-3816	306	28	wealth	wealth	NOUN
fsr-3816	306	29	in	in	ADP
fsr-3816	306	30	-	-	PUNCT
fsr-3816	306	31	place	place	NOUN
fsr-3816	306	32	without	without	ADP
fsr-3816	306	33	regard	regard	NOUN
fsr-3816	306	34	for	for	ADP
fsr-3816	306	35	future	future	ADJ
fsr-3816	306	36	wages	wage	NOUN
fsr-3816	306	37	(	(	PUNCT
fsr-3816	306	38	i.e.	i.e.	X
fsr-3816	306	39	,	,	PUNCT
fsr-3816	306	40	no	no	DET
fsr-3816	306	41	slavery	slavery	NOUN
fsr-3816	306	42	,	,	PUNCT
fsr-3816	306	43	no	no	DET
fsr-3816	306	44	garnishment	garnishment	NOUN
fsr-3816	306	45	of	of	ADP
fsr-3816	306	46	wages	wage	NOUN
fsr-3816	306	47	,	,	PUNCT
fsr-3816	306	48	etc	etc	X
fsr-3816	306	49	.	.	X
fsr-3816	306	50	)	)	PUNCT
fsr-3816	306	51	.	.	PUNCT
fsr-3816	307	1	14	14	NUM
fsr-3816	307	2	.	.	PUNCT
fsr-3816	308	1	however	however	ADV
fsr-3816	308	2	,	,	PUNCT
fsr-3816	308	3	the	the	DET
fsr-3816	308	4	default	default	NOUN
fsr-3816	308	5	rate	rate	NOUN
fsr-3816	308	6	on	on	ADP
fsr-3816	308	7	consumer	consumer	NOUN
fsr-3816	308	8	loans	loan	NOUN
fsr-3816	308	9	is	be	AUX
fsr-3816	308	10	very	very	ADV
fsr-3816	308	11	low	low	ADJ
fsr-3816	308	12	(	(	PUNCT
fsr-3816	308	13	l-2	l-2	PROPN
fsr-3816	308	14	%	%	NOUN
fsr-3816	308	15	)	)	PUNCT
fsr-3816	308	16	.	.	PUNCT
fsr-3816	309	1	15	15	X
fsr-3816	309	2	.	.	PUNCT
fsr-3816	310	1	in	in	ADP
fsr-3816	310	2	comparison	comparison	NOUN
fsr-3816	310	3	,	,	PUNCT
fsr-3816	310	4	the	the	DET
fsr-3816	310	5	administrative	administrative	ADJ
fsr-3816	310	6	costs	cost	NOUN
fsr-3816	310	7	of	of	ADP
fsr-3816	310	8	business	business	NOUN
fsr-3816	310	9	bankruptcies	bankruptcy	NOUN
fsr-3816	310	10	include	include	VERB
fsr-3816	310	11	larger	large	ADJ
fsr-3816	310	12	fixed	fix	VERB
fsr-3816	310	13	costs	cost	NOUN
fsr-3816	310	14	and	and	CCONJ
fsr-3816	310	15	lower	low	ADJ
fsr-3816	310	16	fixed	fix	VERB
fsr-3816	310	17	costs	cost	NOUN
fsr-3816	310	18	as	as	ADP
fsr-3816	310	19	a	a	DET
fsr-3816	310	20	percentage	percentage	NOUN
fsr-3816	310	21	of	of	ADP
fsr-3816	310	22	net	net	ADJ
fsr-3816	310	23	proceeds	proceed	NOUN
fsr-3816	310	24	realized	realize	VERB
fsr-3816	310	25	:	:	PUNCT
fsr-3816	310	26	for	for	ADP
fsr-3816	310	27	all	all	DET
fsr-3816	310	28	cases	case	NOUN
fsr-3816	310	29	the	the	DET
fsr-3816	310	30	variable	variable	ADJ
fsr-3816	310	31	costs	cost	NOUN
fsr-3816	310	32	amount	amount	NOUN
fsr-3816	310	33	to	to	ADP
fsr-3816	310	34	$	$	SYM
fsr-3816	310	35	1,996	1,996	NUM
fsr-3816	310	36	and	and	CCONJ
fsr-3816	310	37	the	the	DET
fsr-3816	310	38	variable	variable	ADJ
fsr-3816	310	39	costs	cost	VERB
fsr-3816	310	40	to	to	ADP
fsr-3816	310	41	20	20	NUM
fsr-3816	310	42	%	%	NOUN
fsr-3816	310	43	.	.	PUNCT
fsr-3816	311	1	the	the	DET
fsr-3816	311	2	corresponding	corresponding	ADJ
fsr-3816	311	3	figures	figure	NOUN
fsr-3816	311	4	for	for	ADP
fsr-3816	311	5	asset	asset	NOUN
fsr-3816	311	6	cases	case	NOUN
fsr-3816	311	7	are	be	AUX
fsr-3816	311	8	$	$	SYM
fsr-3816	311	9	2,848	2,848	NUM
fsr-3816	311	10	and	and	CCONJ
fsr-3816	311	11	19	19	NUM
fsr-3816	311	12	%	%	NOUN
fsr-3816	311	13	.	.	PUNCT
fsr-3816	312	1	16	16	NUM
fsr-3816	312	2	.	.	PUNCT
fsr-3816	313	1	the	the	DET
fsr-3816	313	2	same	same	ADJ
fsr-3816	313	3	holds	hold	VERB
fsr-3816	313	4	true	true	ADJ
fsr-3816	313	5	for	for	ADP
fsr-3816	313	6	our	our	PRON
fsr-3816	313	7	sample	sample	NOUN
fsr-3816	313	8	of	of	ADP
fsr-3816	313	9	business	business	NOUN
fsr-3816	313	10	bankruptcy	bankruptcy	NOUN
fsr-3816	313	11	cases	case	NOUN
fsr-3816	313	12	,	,	PUNCT
fsr-3816	313	13	where	where	SCONJ
fsr-3816	313	14	the	the	DET
fsr-3816	313	15	equation	equation	NOUN
fsr-3816	313	16	is	be	AUX
fsr-3816	313	17	:	:	PUNCT
fsr-3816	313	18	ac	ac	PROPN
fsr-3816	313	19	=	=	PUNCT
fsr-3816	313	20	635.55	635.55	NUM
fsr-3816	313	21	+	+	NUM
fsr-3816	313	22	.38(npr	.38(npr	PROPN
fsr-3816	313	23	)	)	PUNCT
fsr-3816	313	24	.97	.97	NUM
fsr-3816	313	25	x	x	SYM
fsr-3816	313	26	10	10	NUM
fsr-3816	313	27	-	-	SYM
fsr-3816	313	28	6(npr)2	6(npr)2	NUM
fsr-3816	313	29	ii2	ii2	NOUN
fsr-3816	313	30	=	=	SYM
fsr-3816	313	31	.8	.8	PROPN
fsr-3816	313	32	(	(	PUNCT
fsr-3816	313	33	1.01	1.01	NUM
fsr-3816	313	34	)	)	PUNCT
fsr-3816	313	35	(	(	PUNCT
fsr-3816	313	36	9.2	9.2	NUM
fsr-3816	313	37	)	)	PUNCT
fsr-3816	313	38	(	(	PUNCT
fsr-3816	313	39	4.6	4.6	NUM
fsr-3816	313	40	)	)	PUNCT
fsr-3816	313	41	references	reference	NOUN
fsr-3816	313	42	altman	altman	PROPN
fsr-3816	313	43	,	,	PUNCT
fsr-3816	313	44	e.i	e.i	PROPN
fsr-3816	313	45	.	.	PROPN
fsr-3816	314	1	(	(	PUNCT
fsr-3816	314	2	1984	1984	NUM
fsr-3816	314	3	)	)	PUNCT
fsr-3816	314	4	.	.	PUNCT
fsr-3816	315	1	a	a	DET
fsr-3816	315	2	further	far	ADV
fsr-3816	315	3	empirical	empirical	ADJ
fsr-3816	315	4	investigation	investigation	NOUN
fsr-3816	315	5	of	of	ADP
fsr-3816	315	6	the	the	DET
fsr-3816	315	7	bankruptcy	bankruptcy	NOUN
fsr-3816	315	8	cost	cost	NOUN
fsr-3816	315	9	question	question	NOUN
fsr-3816	315	10	.	.	PUNCT
fsr-3816	316	1	journal	journal	NOUN
fsr-3816	316	2	of	of	ADP
fsr-3816	316	3	finance	finance	NOUN
fsr-3816	316	4	,	,	PUNCT
fsr-3816	316	5	39	39	NUM
fsr-3816	316	6	,	,	PUNCT
fsr-3816	316	7	1067	1067	NUM
fsr-3816	316	8	-	-	SYM
fsr-3816	316	9	1089	1089	NUM
fsr-3816	316	10	.	.	PUNCT
fsr-3816	317	1	ang	ang	PROPN
fsr-3816	317	2	,	,	PUNCT
fsr-3816	317	3	j.s	j.s	PROPN
fsr-3816	317	4	.	.	PROPN
fsr-3816	317	5	,	,	PUNCT
fsr-3816	317	6	chua	chua	PROPN
fsr-3816	317	7	,	,	PUNCT
fsr-3816	317	8	j.h	j.h	PROPN
fsr-3816	317	9	.	.	PROPN
fsr-3816	317	10	,	,	PUNCT
fsr-3816	317	11	&	&	CCONJ
fsr-3816	317	12	mcconnell	mcconnell	PROPN
fsr-3816	317	13	,	,	PUNCT
fsr-3816	317	14	j.j	j.j	PROPN
fsr-3816	317	15	.	.	PROPN
fsr-3816	317	16	(	(	PUNCT
fsr-3816	317	17	1982	1982	NUM
fsr-3816	317	18	)	)	PUNCT
fsr-3816	317	19	.	.	PUNCT
fsr-3816	318	1	the	the	DET
fsr-3816	318	2	administrative	administrative	ADJ
fsr-3816	318	3	costs	cost	NOUN
fsr-3816	318	4	of	of	ADP
fsr-3816	318	5	corporate	corporate	ADJ
fsr-3816	318	6	bankruptcy	bankruptcy	NOUN
fsr-3816	318	7	:	:	PUNCT
fsr-3816	318	8	a	a	DET
fsr-3816	318	9	note	note	NOUN
fsr-3816	318	10	.	.	PUNCT
fsr-3816	319	1	journal	journal	NOUN
fsr-3816	319	2	of	of	ADP
fsr-3816	319	3	finance	finance	NOUN
fsr-3816	319	4	,	,	PUNCT
fsr-3816	319	5	37,219	37,219	NUM
fsr-3816	319	6	-	-	SYM
fsr-3816	319	7	226	226	NUM
fsr-3816	319	8	.	.	PUNCT
fsr-3816	320	1	bhandari	bhandari	PROPN
fsr-3816	320	2	,	,	PUNCT
fsr-3816	320	3	j.s	j.s	PROPN
fsr-3816	320	4	.	.	PROPN
fsr-3816	320	5	,	,	PUNCT
fsr-3816	320	6	&	&	CCONJ
fsr-3816	320	7	weiss	weiss	PROPN
fsr-3816	320	8	,	,	PUNCT
fsr-3816	320	9	l.a	l.a	PROPN
fsr-3816	320	10	.	.	PROPN
fsr-3816	320	11	(	(	PUNCT
fsr-3816	320	12	1993	1993	NUM
fsr-3816	320	13	)	)	PUNCT
fsr-3816	320	14	.	.	PUNCT
fsr-3816	321	1	the	the	DET
fsr-3816	321	2	increasing	increase	VERB
fsr-3816	321	3	bankruptcy	bankruptcy	NOUN
fsr-3816	321	4	tiling	tile	VERB
fsr-3816	321	5	rate	rate	NOUN
fsr-3816	321	6	:	:	PUNCT
fsr-3816	321	7	an	an	DET
fsr-3816	321	8	historical	historical	ADJ
fsr-3816	321	9	analysis	analysis	NOUN
fsr-3816	321	10	.	.	PUNCT
fsr-3816	322	1	journal	journal	PROPN
fsr-3816	322	2	of	of	ADP
fsr-3816	322	3	american	american	PROPN
fsr-3816	322	4	bankruptcy	bankruptcy	PROPN
fsr-3816	322	5	law	law	PROPN
fsr-3816	322	6	journal	journal	NOUN
fsr-3816	322	7	,	,	PUNCT
fsr-3816	322	8	67	67	NUM
fsr-3816	322	9	,	,	PUNCT
fsr-3816	322	10	1	1	NUM
fsr-3816	322	11	12	12	NUM
fsr-3816	322	12	.	.	PUNCT
fsr-3816	323	1	buckley	buckley	PROPN
fsr-3816	323	2	,	,	PUNCT
fsr-3816	323	3	f.h	f.h	PROPN
fsr-3816	323	4	.	.	PROPN
fsr-3816	323	5	,	,	PUNCT
fsr-3816	323	6	&	&	CCONJ
fsr-3816	323	7	brinig	brinig	PROPN
fsr-3816	323	8	,	,	PUNCT
fsr-3816	323	9	m.f	m.f	PROPN
fsr-3816	323	10	.	.	PUNCT
fsr-3816	323	11	(	(	PUNCT
fsr-3816	323	12	1995	1995	NUM
fsr-3816	323	13	)	)	PUNCT
fsr-3816	323	14	.	.	PUNCT
fsr-3816	324	1	the	the	DET
fsr-3816	324	2	bankruptcy	bankruptcy	NOUN
fsr-3816	324	3	puzzle	puzzle	NOUN
fsr-3816	324	4	.	.	PUNCT
fsr-3816	325	1	george	george	PROPN
fsr-3816	325	2	mason	mason	PROPN
fsr-3816	325	3	university	university	PROPN
fsr-3816	325	4	school	school	NOUN
fsr-3816	325	5	of	of	ADP
fsr-3816	325	6	law	law	NOUN
fsr-3816	325	7	and	and	CCONJ
fsr-3816	325	8	economics	economic	NOUN
fsr-3816	325	9	working	working	PROPN
fsr-3816	325	10	paper	paper	PROPN
fsr-3816	326	1	no	no	INTJ
fsr-3816	326	2	.	.	NOUN
fsr-3816	326	3	95	95	NUM
fsr-3816	326	4	-	-	SYM
fsr-3816	326	5	006	006	NUM
fsr-3816	326	6	.	.	PUNCT
fsr-3816	327	1	castanias	castanias	PROPN
fsr-3816	327	2	,	,	PUNCT
fsr-3816	327	3	r.	r.	PROPN
fsr-3816	327	4	(	(	PUNCT
fsr-3816	327	5	1983	1983	NUM
fsr-3816	327	6	)	)	PUNCT
fsr-3816	327	7	.	.	PUNCT
fsr-3816	328	1	bankruptcy	bankruptcy	NOUN
fsr-3816	328	2	risk	risk	NOUN
fsr-3816	328	3	and	and	CCONJ
fsr-3816	328	4	optimal	optimal	ADJ
fsr-3816	328	5	capital	capital	NOUN
fsr-3816	328	6	structure	structure	NOUN
fsr-3816	328	7	.	.	PUNCT
fsr-3816	329	1	journal	journal	PROPN
fsr-3816	329	2	of	of	ADP
fsr-3816	329	3	finance	finance	NOUN
fsr-3816	329	4	,	,	PUNCT
fsr-3816	329	5	38	38	NUM
fsr-3816	329	6	,	,	PUNCT
fsr-3816	329	7	1617	1617	NUM
fsr-3816	329	8	1635	1635	NUM
fsr-3816	329	9	.	.	PUNCT
fsr-3816	330	1	credit	credit	NOUN
fsr-3816	330	2	research	research	NOUN
fsr-3816	330	3	center	center	NOUN
fsr-3816	330	4	.	.	PUNCT
fsr-3816	331	1	(	(	PUNCT
fsr-3816	331	2	1982	1982	NUM
fsr-3816	331	3	)	)	PUNCT
fsr-3816	331	4	.	.	PUNCT
fsr-3816	332	1	consumer	consumer	NOUN
fsr-3816	332	2	bankruptcy	bankruptcy	NOUN
fsr-3816	332	3	study	study	NOUN
fsr-3816	332	4	,	,	PUNCT
fsr-3816	332	5	~01s	~01s	ADV
fsr-3816	332	6	.	.	PUNCT
fsr-3816	333	1	l-2	l-2	PROPN
fsr-3816	334	1	[	[	X
fsr-3816	334	2	monographs	monograph	NOUN
fsr-3816	334	3	no	no	INTJ
fsr-3816	334	4	.	.	NOUN
fsr-3816	334	5	23	23	NUM
fsr-3816	334	6	and	and	CCONJ
fsr-3816	334	7	241	241	NUM
fsr-3816	334	8	.	.	PUNCT
fsr-3816	334	9	credit	credit	NOUN
fsr-3816	334	10	research	research	NOUN
fsr-3816	334	11	center	center	NOUN
fsr-3816	334	12	,	,	PUNCT
fsr-3816	334	13	krannert	krannert	PROPN
fsr-3816	334	14	graduate	graduate	PROPN
fsr-3816	334	15	school	school	NOUN
fsr-3816	334	16	of	of	ADP
fsr-3816	334	17	management	management	NOUN
fsr-3816	334	18	,	,	PUNCT
fsr-3816	334	19	purdue	purdue	PROPN
fsr-3816	334	20	university	university	PROPN
fsr-3816	334	21	.	.	PUNCT
fsr-3816	335	1	deangelo	deangelo	PROPN
fsr-3816	335	2	,	,	PUNCT
fsr-3816	335	3	h.	h.	PROPN
fsr-3816	335	4	,	,	PUNCT
fsr-3816	335	5	&	&	CCONJ
fsr-3816	335	6	masulis	masulis	PROPN
fsr-3816	335	7	,	,	PUNCT
fsr-3816	335	8	r.	r.	PROPN
fsr-3816	335	9	(	(	PUNCT
fsr-3816	335	10	1980	1980	NUM
fsr-3816	335	11	)	)	PUNCT
fsr-3816	335	12	optimal	optimal	ADJ
fsr-3816	335	13	capital	capital	NOUN
fsr-3816	335	14	structure	structure	NOUN
fsr-3816	335	15	under	under	ADP
fsr-3816	335	16	corporate	corporate	ADJ
fsr-3816	335	17	and	and	CCONJ
fsr-3816	335	18	personal	personal	ADJ
fsr-3816	335	19	taxa	taxa	NOUN
fsr-3816	335	20	tion	tion	NOUN
fsr-3816	335	21	.	.	PUNCT
fsr-3816	336	1	journal	journal	PROPN
fsr-3816	336	2	of	of	ADP
fsr-3816	336	3	financial	financial	ADJ
fsr-3816	336	4	economics	economic	NOUN
fsr-3816	336	5	,	,	PUNCT
fsr-3816	336	6	8	8	NUM
fsr-3816	336	7	,	,	PUNCT
fsr-3816	336	8	3	3	NUM
fsr-3816	336	9	-	-	SYM
fsr-3816	336	10	30	30	NUM
fsr-3816	336	11	.	.	PUNCT
fsr-3816	337	1	deis	deis	PROPN
fsr-3816	337	2	,	,	PUNCT
fsr-3816	337	3	d.r	d.r	PROPN
fsr-3816	337	4	.	.	PROPN
fsr-3816	337	5	,	,	PUNCT
fsr-3816	337	6	guffey	guffey	PROPN
fsr-3816	337	7	,	,	PUNCT
fsr-3816	337	8	d.m	d.m	PROPN
fsr-3816	337	9	.	.	PROPN
fsr-3816	337	10	,	,	PUNCT
fsr-3816	337	11	&	&	CCONJ
fsr-3816	337	12	moore	moore	PROPN
fsr-3816	337	13	,	,	PUNCT
fsr-3816	337	14	w.t	w.t	PROPN
fsr-3816	337	15	.	.	PUNCT
fsr-3816	337	16	(	(	PUNCT
fsr-3816	337	17	1995	1995	NUM
fsr-3816	337	18	)	)	PUNCT
fsr-3816	337	19	.	.	PUNCT
fsr-3816	338	1	further	further	ADJ
fsr-3816	338	2	evidence	evidence	NOUN
fsr-3816	338	3	on	on	ADP
fsr-3816	338	4	the	the	DET
fsr-3816	338	5	relationship	relationship	NOUN
fsr-3816	338	6	between	between	ADP
fsr-3816	338	7	bankruptcy	bankruptcy	NOUN
fsr-3816	338	8	costs	cost	NOUN
fsr-3816	338	9	and	and	CCONJ
fsr-3816	338	10	firm	firm	ADJ
fsr-3816	338	11	size	size	NOUN
fsr-3816	338	12	.	.	PUNCT
fsr-3816	339	1	journal	journal	NOUN
fsr-3816	339	2	of	of	ADP
fsr-3816	339	3	business	business	NOUN
fsr-3816	339	4	and	and	CCONJ
fsr-3816	339	5	economics	economic	NOUN
fsr-3816	339	6	,	,	PUNCT
fsr-3816	339	7	34,69	34,69	NUM
fsr-3816	339	8	-	-	SYM
fsr-3816	339	9	79	79	NUM
fsr-3816	339	10	.	.	PUNCT
fsr-3816	340	1	diamond	diamond	NOUN
fsr-3816	340	2	,	,	PUNCT
fsr-3816	340	3	d.w	d.w	PROPN
fsr-3816	340	4	.	.	PROPN
fsr-3816	340	5	(	(	PUNCT
fsr-3816	340	6	1994	1994	NUM
fsr-3816	340	7	)	)	PUNCT
fsr-3816	340	8	.	.	PUNCT
fsr-3816	341	1	corporate	corporate	ADJ
fsr-3816	341	2	capital	capital	NOUN
fsr-3816	341	3	structure	structure	NOUN
fsr-3816	341	4	:	:	PUNCT
fsr-3816	341	5	the	the	DET
fsr-3816	341	6	control	control	NOUN
fsr-3816	341	7	roles	role	NOUN
fsr-3816	341	8	of	of	ADP
fsr-3816	341	9	bank	bank	NOUN
fsr-3816	341	10	and	and	CCONJ
fsr-3816	341	11	public	public	ADJ
fsr-3816	341	12	debt	debt	NOUN
fsr-3816	341	13	with	with	ADP
fsr-3816	341	14	taxes	taxis	NOUN
fsr-3816	341	15	and	and	CCONJ
fsr-3816	341	16	costly	costly	ADJ
fsr-3816	341	17	bankruptcy	bankruptcy	NOUN
fsr-3816	341	18	.	.	PUNCT
fsr-3816	342	1	federal	federal	PROPN
fsr-3816	342	2	reserve	reserve	PROPN
fsr-3816	342	3	bank	bank	PROPN
fsr-3816	342	4	of	of	ADP
fsr-3816	342	5	richmond	richmond	PROPN
fsr-3816	342	6	economic	economic	PROPN
fsr-3816	342	7	quarterly	quarterly	NOUN
fsr-3816	342	8	,	,	PUNCT
fsr-3816	342	9	80	80	NUM
fsr-3816	342	10	,	,	PUNCT
fsr-3816	342	11	11	11	NUM
fsr-3816	342	12	-	-	SYM
fsr-3816	342	13	37	37	NUM
fsr-3816	342	14	.	.	PUNCT
fsr-3816	343	1	personal	personal	ADJ
fsr-3816	343	2	bankruptcy	bankruptcy	NOUN
fsr-3816	343	3	costs	cost	VERB
fsr-3816	343	4	95	95	NUM
fsr-3816	343	5	durkin	durkin	NOUN
fsr-3816	343	6	,	,	PUNCT
fsr-3816	343	7	t.a	t.a	PROPN
fsr-3816	343	8	.	.	PROPN
fsr-3816	343	9	,	,	PUNCT
fsr-3816	343	10	&	&	CCONJ
fsr-3816	343	11	elliehausen	elliehausen	PROPN
fsr-3816	343	12	,	,	PUNCT
fsr-3816	343	13	g.e	g.e	PROPN
fsr-3816	343	14	.	.	PUNCT
fsr-3816	344	1	(	(	PUNCT
fsr-3816	344	2	1978	1978	NUM
fsr-3816	344	3	)	)	PUNCT
fsr-3816	344	4	.	.	PUNCT
fsr-3816	345	1	1977	1977	NUM
fsr-3816	345	2	consumer	consumer	NOUN
fsr-3816	345	3	credit	credit	NOUN
fsr-3816	345	4	survey	survey	NOUN
fsr-3816	345	5	.	.	PUNCT
fsr-3816	346	1	washington	washington	PROPN
fsr-3816	346	2	,	,	PUNCT
fsr-3816	346	3	dc	dc	PROPN
fsr-3816	346	4	:	:	PUNCT
fsr-3816	346	5	board	board	NOUN
fsr-3816	346	6	of	of	ADP
fsr-3816	346	7	governors	governor	NOUN
fsr-3816	346	8	of	of	ADP
fsr-3816	346	9	the	the	DET
fsr-3816	346	10	federal	federal	PROPN
fsr-3816	346	11	reserve	reserve	PROPN
fsr-3816	346	12	system	system	PROPN
fsr-3816	346	13	.	.	PUNCT
fsr-3816	347	1	franks	frank	NOUN
fsr-3816	347	2	,	,	PUNCT
fsr-3816	347	3	j.	j.	PROPN
fsr-3816	347	4	,	,	PUNCT
fsr-3816	347	5	&	&	CCONJ
fsr-3816	347	6	torous	torous	ADJ
fsr-3816	347	7	,	,	PUNCT
fsr-3816	347	8	w.n	w.n	PROPN
fsr-3816	347	9	.	.	PROPN
fsr-3816	347	10	(	(	PUNCT
fsr-3816	347	11	1989	1989	NUM
fsr-3816	347	12	)	)	PUNCT
fsr-3816	347	13	.	.	PUNCT
fsr-3816	348	1	an	an	DET
fsr-3816	348	2	empirical	empirical	ADJ
fsr-3816	348	3	investigation	investigation	NOUN
fsr-3816	348	4	of	of	ADP
fsr-3816	348	5	u.s	u.s	PROPN
fsr-3816	348	6	.	.	PROPN
fsr-3816	348	7	firms	firm	NOUN
fsr-3816	348	8	in	in	ADP
fsr-3816	348	9	reorganization	reorganization	NOUN
fsr-3816	348	10	.	.	PUNCT
fsr-3816	349	1	jour	jour	PROPN
fsr-3816	349	2	nal	nal	PROPN
fsr-3816	349	3	of	of	ADP
fsr-3816	349	4	finance	finance	NOUN
fsr-3816	349	5	,	,	PUNCT
fsr-3816	349	6	44,147	44,147	NUM
fsr-3816	349	7	-	-	SYM
fsr-3816	349	8	769	769	NUM
fsr-3816	349	9	.	.	PUNCT
fsr-3816	349	10	franks	frank	NOUN
fsr-3816	349	11	,	,	PUNCT
fsr-3816	349	12	j.	j.	PROPN
fsr-3816	349	13	,	,	PUNCT
fsr-3816	349	14	&	&	CCONJ
fsr-3816	349	15	torous	torous	ADJ
fsr-3816	349	16	,	,	PUNCT
fsr-3816	349	17	w.n	w.n	PROPN
fsr-3816	349	18	.	.	PROPN
fsr-3816	349	19	(	(	PUNCT
fsr-3816	349	20	1992	1992	NUM
fsr-3816	349	21	)	)	PUNCT
fsr-3816	349	22	.	.	PUNCT
fsr-3816	350	1	lessons	lesson	NOUN
fsr-3816	350	2	from	from	ADP
fsr-3816	350	3	a	a	DET
fsr-3816	350	4	comparison	comparison	NOUN
fsr-3816	350	5	of	of	ADP
fsr-3816	350	6	u.s	u.s	PROPN
fsr-3816	350	7	.	.	PROPN
fsr-3816	350	8	and	and	CCONJ
fsr-3816	350	9	uk	uk	PROPN
fsr-3816	350	10	insolvency	insolvency	NOUN
fsr-3816	350	11	codes	code	NOUN
fsr-3816	350	12	.	.	PUNCT
fsr-3816	351	1	oxford	oxford	PROPN
fsr-3816	351	2	review	review	NOUN
fsr-3816	351	3	of	of	ADP
fsr-3816	351	4	economic	economic	ADJ
fsr-3816	351	5	policy	policy	NOUN
fsr-3816	351	6	,	,	PUNCT
fsr-3816	351	7	8(3	8(3	NUM
fsr-3816	351	8	)	)	PUNCT
fsr-3816	351	9	70	70	NUM
fsr-3816	351	10	-	-	SYM
fsr-3816	351	11	82	82	NUM
fsr-3816	351	12	.	.	PUNCT
fsr-3816	352	1	green	green	PROPN
fsr-3816	352	2	,	,	PUNCT
fsr-3816	352	3	j.	j.	PROPN
fsr-3816	352	4	,	,	PUNCT
fsr-3816	352	5	&	&	CCONJ
fsr-3816	352	6	shoven	shoven	PROPN
fsr-3816	352	7	,	,	PUNCT
fsr-3816	352	8	j.	j.	PROPN
fsr-3816	352	9	(	(	PUNCT
fsr-3816	352	10	1983	1983	NUM
fsr-3816	352	11	)	)	PUNCT
fsr-3816	352	12	.	.	PUNCT
fsr-3816	353	1	the	the	DET
fsr-3816	353	2	effects	effect	NOUN
fsr-3816	353	3	of	of	ADP
fsr-3816	353	4	financing	financing	NOUN
fsr-3816	353	5	opportunities	opportunity	NOUN
fsr-3816	353	6	and	and	CCONJ
fsr-3816	353	7	bankruptcy	bankruptcy	NOUN
fsr-3816	353	8	on	on	ADP
fsr-3816	353	9	entrepre	entrepre	NOUN
fsr-3816	353	10	neurial	neurial	ADJ
fsr-3816	353	11	risk	risk	NOUN
fsr-3816	353	12	bearing	bearing	NOUN
fsr-3816	353	13	.	.	PUNCT
fsr-3816	354	1	in	in	ADP
fsr-3816	354	2	j.	j.	PROPN
fsr-3816	354	3	roden	roden	PROPN
fsr-3816	354	4	(	(	PUNCT
fsr-3816	354	5	ed	ed	NOUN
fsr-3816	354	6	.	.	PUNCT
fsr-3816	354	7	)	)	PUNCT
fsr-3816	354	8	,	,	PUNCT
fsr-3816	354	9	entrepreneurship	entrepreneurship	NOUN
fsr-3816	354	10	(	(	PUNCT
fsr-3816	354	11	pp	pp	ADJ
fsr-3816	354	12	.	.	PUNCT
fsr-3816	354	13	41	41	NUM
fsr-3816	354	14	-	-	SYM
fsr-3816	354	15	59	59	NUM
fsr-3816	354	16	)	)	PUNCT
fsr-3816	354	17	.	.	PUNCT
fsr-3816	355	1	lexington	lexington	PROPN
fsr-3816	355	2	,	,	PUNCT
fsr-3816	355	3	ma	ma	PROPN
fsr-3816	355	4	:	:	PUNCT
fsr-3816	355	5	lex	lex	PROPN
fsr-3816	355	6	ington	ington	PROPN
fsr-3816	355	7	books	book	NOUN
fsr-3816	355	8	.	.	PUNCT
fsr-3816	356	1	gropp	gropp	PROPN
fsr-3816	356	2	,	,	PUNCT
fsr-3816	356	3	r.	r.	PROPN
fsr-3816	356	4	,	,	PUNCT
fsr-3816	356	5	scholz	scholz	NOUN
fsr-3816	356	6	,	,	PUNCT
fsr-3816	356	7	j.k	j.k	PROPN
fsr-3816	356	8	.	.	PROPN
fsr-3816	356	9	,	,	PUNCT
fsr-3816	356	10	&	&	CCONJ
fsr-3816	356	11	white	white	ADJ
fsr-3816	356	12	,	,	PUNCT
fsr-3816	356	13	m.	m.	NOUN
fsr-3816	356	14	(	(	PUNCT
fsr-3816	356	15	in	in	ADP
fsr-3816	356	16	press	press	NOUN
fsr-3816	356	17	)	)	PUNCT
fsr-3816	356	18	.	.	PUNCT
fsr-3816	357	1	personal	personal	ADJ
fsr-3816	357	2	bankruptcy	bankruptcy	NOUN
fsr-3816	357	3	and	and	CCONJ
fsr-3816	357	4	credit	credit	NOUN
fsr-3816	357	5	supply	supply	NOUN
fsr-3816	357	6	and	and	CCONJ
fsr-3816	357	7	demand	demand	NOUN
fsr-3816	357	8	.	.	PUNCT
fsr-3816	358	1	quarterly	quarterly	ADJ
fsr-3816	358	2	journal	journal	NOUN
fsr-3816	358	3	of	of	ADP
fsr-3816	358	4	economics	economic	NOUN
fsr-3816	358	5	.	.	PUNCT
fsr-3816	359	1	guffey	guffey	PROPN
fsr-3816	359	2	,	,	PUNCT
fsr-3816	359	3	d.m	d.m	PROPN
fsr-3816	359	4	.	.	PROPN
fsr-3816	359	5	,	,	PUNCT
fsr-3816	359	6	&	&	CCONJ
fsr-3816	359	7	moore	moore	PROPN
fsr-3816	359	8	,	,	PUNCT
fsr-3816	359	9	w.t	w.t	PROPN
fsr-3816	359	10	.	.	PUNCT
fsr-3816	359	11	(	(	PUNCT
fsr-3816	359	12	1991	1991	NUM
fsr-3816	359	13	)	)	PUNCT
fsr-3816	359	14	.	.	PUNCT
fsr-3816	360	1	direct	direct	ADJ
fsr-3816	360	2	bankruptcy	bankruptcy	NOUN
fsr-3816	360	3	costs	cost	NOUN
fsr-3816	360	4	:	:	PUNCT
fsr-3816	360	5	evidence	evidence	NOUN
fsr-3816	360	6	from	from	ADP
fsr-3816	360	7	the	the	DET
fsr-3816	360	8	trucking	trucking	NOUN
fsr-3816	360	9	indus	indus	NOUN
fsr-3816	360	10	try	try	VERB
fsr-3816	360	11	.	.	PUNCT
fsr-3816	361	1	financial	financial	ADJ
fsr-3816	361	2	review	review	PROPN
fsr-3816	361	3	,	,	PUNCT
fsr-3816	361	4	26	26	NUM
fsr-3816	361	5	,	,	PUNCT
fsr-3816	361	6	223	223	NUM
fsr-3816	361	7	-	-	SYM
fsr-3816	361	8	235	235	NUM
fsr-3816	361	9	.	.	PUNCT
fsr-3816	362	1	gutner	gutner	NOUN
fsr-3816	362	2	,	,	PUNCT
fsr-3816	362	3	t.	t.	PROPN
fsr-3816	362	4	(	(	PUNCT
fsr-3816	362	5	1996	1996	NUM
fsr-3816	362	6	,	,	PUNCT
fsr-3816	362	7	september	september	PROPN
fsr-3816	362	8	9	9	NUM
fsr-3816	362	9	)	)	PUNCT
fsr-3816	362	10	.	.	PUNCT
fsr-3816	363	1	personal	personal	ADJ
fsr-3816	363	2	bankruptcy	bankruptcy	NOUN
fsr-3816	363	3	:	:	PUNCT
fsr-3816	363	4	how	how	SCONJ
fsr-3816	363	5	to	to	PART
fsr-3816	363	6	slow	slow	VERB
fsr-3816	363	7	the	the	DET
fsr-3816	363	8	stampede	stampede	NOUN
fsr-3816	363	9	.	.	PUNCT
fsr-3816	364	1	business	business	NOUN
fsr-3816	364	2	week	week	NOUN
fsr-3816	364	3	,	,	PUNCT
fsr-3816	364	4	p.	p.	NOUN
fsr-3816	364	5	46	46	NUM
fsr-3816	364	6	.	.	PUNCT
fsr-3816	365	1	haugen	haugen	PROPN
fsr-3816	365	2	,	,	PUNCT
fsr-3816	365	3	r.a	r.a	PROPN
fsr-3816	365	4	.	.	PROPN
fsr-3816	365	5	,	,	PUNCT
fsr-3816	365	6	&	&	CCONJ
fsr-3816	365	7	senbet	senbet	PROPN
fsr-3816	365	8	,	,	PUNCT
fsr-3816	365	9	l.w	l.w	PROPN
fsr-3816	365	10	.	.	PUNCT
fsr-3816	365	11	(	(	PUNCT
fsr-3816	365	12	1978	1978	NUM
fsr-3816	365	13	)	)	PUNCT
fsr-3816	365	14	.	.	PUNCT
fsr-3816	366	1	the	the	DET
fsr-3816	366	2	insignificance	insignificance	NOUN
fsr-3816	366	3	of	of	ADP
fsr-3816	366	4	bankruptcy	bankruptcy	NOUN
fsr-3816	366	5	costs	cost	NOUN
fsr-3816	366	6	to	to	ADP
fsr-3816	366	7	the	the	DET
fsr-3816	366	8	theory	theory	NOUN
fsr-3816	366	9	of	of	ADP
fsr-3816	366	10	opti	opti	PROPN
fsr-3816	366	11	mal	mal	ADJ
fsr-3816	366	12	capital	capital	NOUN
fsr-3816	366	13	structure	structure	NOUN
fsr-3816	366	14	.	.	PUNCT
fsr-3816	367	1	journal	journal	PROPN
fsr-3816	367	2	of	of	ADP
fsr-3816	367	3	finance	finance	NOUN
fsr-3816	367	4	,	,	PUNCT
fsr-3816	367	5	33	33	NUM
fsr-3816	367	6	,	,	PUNCT
fsr-3816	367	7	383	383	NUM
fsr-3816	367	8	-	-	SYM
fsr-3816	367	9	393	393	NUM
fsr-3816	367	10	.	.	PUNCT
fsr-3816	368	1	harris	harris	PROPN
fsr-3816	368	2	,	,	PUNCT
fsr-3816	368	3	m.	m.	NOUN
fsr-3816	368	4	,	,	PUNCT
fsr-3816	368	5	&	&	CCONJ
fsr-3816	368	6	raviv	raviv	PROPN
fsr-3816	368	7	,	,	PUNCT
fsr-3816	368	8	a.	a.	NOUN
fsr-3816	368	9	(	(	PUNCT
fsr-3816	368	10	1991	1991	NUM
fsr-3816	368	11	)	)	PUNCT
fsr-3816	368	12	.	.	PUNCT
fsr-3816	369	1	the	the	DET
fsr-3816	369	2	theory	theory	NOUN
fsr-3816	369	3	of	of	ADP
fsr-3816	369	4	capital	capital	NOUN
fsr-3816	369	5	structure	structure	NOUN
fsr-3816	369	6	.	.	PUNCT
fsr-3816	370	1	journal	journal	PROPN
fsr-3816	370	2	of	of	ADP
fsr-3816	370	3	finance	finance	NOUN
fsr-3816	370	4	,	,	PUNCT
fsr-3816	370	5	46	46	NUM
fsr-3816	370	6	,	,	PUNCT
fsr-3816	370	7	297	297	NUM
fsr-3816	370	8	-	-	SYM
fsr-3816	370	9	356	356	NUM
fsr-3816	370	10	.	.	PUNCT
fsr-3816	371	1	harris	harris	PROPN
fsr-3816	371	2	,	,	PUNCT
fsr-3816	371	3	m.	m.	NOUN
fsr-3816	371	4	,	,	PUNCT
fsr-3816	371	5	&	&	CCONJ
fsr-3816	371	6	raviv	raviv	PROPN
fsr-3816	371	7	,	,	PUNCT
fsr-3816	371	8	a.	a.	NOUN
fsr-3816	371	9	(	(	PUNCT
fsr-3816	371	10	1993	1993	NUM
fsr-3816	371	11	)	)	PUNCT
fsr-3816	371	12	.	.	PUNCT
fsr-3816	372	1	the	the	DET
fsr-3816	372	2	design	design	NOUN
fsr-3816	372	3	ofbankruptcyprocedures	ofbankruptcyprocedure	NOUN
fsr-3816	372	4	.	.	PUNCT
fsr-3816	373	1	chicago	chicago	PROPN
fsr-3816	373	2	:	:	PUNCT
fsr-3816	373	3	center	center	NOUN
fsr-3816	373	4	for	for	ADP
fsr-3816	373	5	research	research	NOUN
fsr-3816	373	6	in	in	ADP
fsr-3816	373	7	security	security	NOUN
fsr-3816	373	8	prices	price	NOUN
fsr-3816	373	9	,	,	PUNCT
fsr-3816	373	10	university	university	NOUN
fsr-3816	373	11	of	of	ADP
fsr-3816	373	12	chicago	chicago	PROPN
fsr-3816	373	13	.	.	PUNCT
fsr-3816	374	1	john	john	PROPN
fsr-3816	374	2	,	,	PUNCT
fsr-3816	374	3	k.	k.	PROPN
fsr-3816	374	4	(	(	PUNCT
fsr-3816	374	5	1993	1993	NUM
fsr-3816	374	6	)	)	PUNCT
fsr-3816	374	7	.	.	PUNCT
fsr-3816	375	1	managing	manage	VERB
fsr-3816	375	2	financing	financing	NOUN
fsr-3816	375	3	distress	distress	NOUN
fsr-3816	375	4	and	and	CCONJ
fsr-3816	375	5	valuing	value	VERB
fsr-3816	375	6	distressed	distressed	ADJ
fsr-3816	375	7	securities	security	NOUN
fsr-3816	375	8	:	:	PUNCT
fsr-3816	375	9	a	a	DET
fsr-3816	375	10	survey	survey	NOUN
fsr-3816	375	11	and	and	CCONJ
fsr-3816	375	12	a	a	DET
fsr-3816	375	13	research	research	NOUN
fsr-3816	375	14	agenda	agenda	NOUN
fsr-3816	375	15	.	.	PUNCT
fsr-3816	376	1	financial	financial	ADJ
fsr-3816	376	2	management	management	NOUN
fsr-3816	376	3	,	,	PUNCT
fsr-3816	376	4	22	22	NUM
fsr-3816	376	5	,	,	PUNCT
fsr-3816	376	6	60	60	NUM
fsr-3816	376	7	-	-	SYM
fsr-3816	376	8	78	78	NUM
fsr-3816	376	9	.	.	PUNCT
fsr-3816	377	1	kabala	kabala	NOUN
fsr-3816	377	2	,	,	PUNCT
fsr-3816	377	3	robert	robert	PROPN
fsr-3816	377	4	e.	e.	PROPN
fsr-3816	377	5	,	,	PUNCT
fsr-3816	377	6	et	et	PROPN
fsr-3816	377	7	al	al	PROPN
fsr-3816	377	8	.	.	PUNCT
fsr-3816	377	9	(	(	PUNCT
fsr-3816	377	10	1984	1984	NUM
fsr-3816	377	11	)	)	PUNCT
fsr-3816	377	12	.	.	PUNCT
fsr-3816	378	1	estimation	estimation	NOUN
fsr-3816	378	2	of	of	ADP
fsr-3816	378	3	implicit	implicit	ADJ
fsr-3816	378	4	bankruptcy	bankruptcy	NOUN
fsr-3816	378	5	costs	cost	NOUN
fsr-3816	378	6	.	.	PUNCT
fsr-3816	379	1	journal	journal	NOUN
fsr-3816	379	2	of	of	ADP
fsr-3816	379	3	finance	finance	NOUN
fsr-3816	379	4	,	,	PUNCT
fsr-3816	379	5	39	39	NUM
fsr-3816	379	6	,	,	PUNCT
fsr-3816	379	7	629	629	NUM
fsr-3816	379	8	-	-	SYM
fsr-3816	379	9	642	642	NUM
fsr-3816	379	10	.	.	PUNCT
fsr-3816	380	1	kim	kim	PROPN
fsr-3816	380	2	,	,	PUNCT
fsr-3816	380	3	e.h	e.h	PROPN
fsr-3816	380	4	.	.	PROPN
fsr-3816	380	5	(	(	PUNCT
fsr-3816	380	6	1978	1978	NUM
fsr-3816	380	7	)	)	PUNCT
fsr-3816	380	8	.	.	PUNCT
fsr-3816	381	1	a	a	DET
fsr-3816	381	2	mean	mean	ADJ
fsr-3816	381	3	-	-	PUNCT
fsr-3816	381	4	variance	variance	NOUN
fsr-3816	381	5	theory	theory	NOUN
fsr-3816	381	6	of	of	ADP
fsr-3816	381	7	optimal	optimal	ADJ
fsr-3816	381	8	capital	capital	NOUN
fsr-3816	381	9	structure	structure	NOUN
fsr-3816	381	10	and	and	CCONJ
fsr-3816	381	11	corporate	corporate	ADJ
fsr-3816	381	12	debt	debt	NOUN
fsr-3816	381	13	capacity	capacity	NOUN
fsr-3816	381	14	.	.	PUNCT
fsr-3816	382	1	journal	journal	NOUN
fsr-3816	382	2	of	of	ADP
fsr-3816	382	3	finance	finance	NOUN
fsr-3816	382	4	,	,	PUNCT
fsr-3816	382	5	33,45	33,45	NOUN
fsr-3816	382	6	-	-	SYM
fsr-3816	382	7	63	63	NUM
fsr-3816	382	8	.	.	PUNCT
fsr-3816	383	1	kraus	kraus	PROPN
fsr-3816	383	2	,	,	PUNCT
fsr-3816	383	3	a.	a.	PROPN
fsr-3816	383	4	,	,	PUNCT
fsr-3816	383	5	&	&	CCONJ
fsr-3816	383	6	litzenberger	litzenberger	NOUN
fsr-3816	383	7	,	,	PUNCT
fsr-3816	383	8	r.h	r.h	PROPN
fsr-3816	383	9	.	.	PROPN
fsr-3816	383	10	(	(	PUNCT
fsr-3816	383	11	1973	1973	NUM
fsr-3816	383	12	)	)	PUNCT
fsr-3816	383	13	a	a	DET
fsr-3816	383	14	state	state	NOUN
fsr-3816	383	15	preference	preference	NOUN
fsr-3816	383	16	model	model	NOUN
fsr-3816	383	17	of	of	ADP
fsr-3816	383	18	optimal	optimal	ADJ
fsr-3816	383	19	capital	capital	NOUN
fsr-3816	383	20	structure	structure	NOUN
fsr-3816	383	21	.	.	PUNCT
fsr-3816	384	1	jour	jour	PROPN
fsr-3816	384	2	nal	nal	PROPN
fsr-3816	384	3	of	of	ADP
fsr-3816	384	4	finance	finance	NOUN
fsr-3816	384	5	,	,	PUNCT
fsr-3816	384	6	28,91	28,91	PROPN
fsr-3816	384	7	l-922	l-922	PROPN
fsr-3816	384	8	.	.	PUNCT
fsr-3816	384	9	miller	miller	PROPN
fsr-3816	384	10	,	,	PUNCT
fsr-3816	384	11	m.	m.	NOUN
fsr-3816	384	12	(	(	PUNCT
fsr-3816	384	13	1977	1977	NUM
fsr-3816	384	14	)	)	PUNCT
fsr-3816	384	15	.	.	PUNCT
fsr-3816	385	1	debt	debt	NOUN
fsr-3816	385	2	and	and	CCONJ
fsr-3816	385	3	taxes	taxis	NOUN
fsr-3816	385	4	.	.	PUNCT
fsr-3816	386	1	journal	journal	NOUN
fsr-3816	386	2	of	of	ADP
fsr-3816	386	3	finance	finance	NOUN
fsr-3816	386	4	,	,	PUNCT
fsr-3816	386	5	32,261	32,261	NUM
fsr-3816	386	6	-	-	SYM
fsr-3816	386	7	275	275	NUM
fsr-3816	386	8	.	.	PUNCT
fsr-3816	387	1	modigliani	modigliani	PROPN
fsr-3816	387	2	,	,	PUNCT
fsr-3816	387	3	f.	f.	PROPN
fsr-3816	387	4	,	,	PUNCT
fsr-3816	387	5	&	&	CCONJ
fsr-3816	387	6	miller	miller	PROPN
fsr-3816	387	7	,	,	PUNCT
fsr-3816	387	8	m.	m.	NOUN
fsr-3816	387	9	(	(	PUNCT
fsr-3816	387	10	1958	1958	NUM
fsr-3816	387	11	)	)	PUNCT
fsr-3816	387	12	.	.	PUNCT
fsr-3816	388	1	the	the	DET
fsr-3816	388	2	cost	cost	NOUN
fsr-3816	388	3	of	of	ADP
fsr-3816	388	4	capital	capital	NOUN
fsr-3816	388	5	,	,	PUNCT
fsr-3816	388	6	corporation	corporation	NOUN
fsr-3816	388	7	finance	finance	NOUN
fsr-3816	388	8	and	and	CCONJ
fsr-3816	388	9	the	the	DET
fsr-3816	388	10	theory	theory	NOUN
fsr-3816	388	11	of	of	ADP
fsr-3816	388	12	investment	investment	NOUN
fsr-3816	388	13	.	.	PUNCT
fsr-3816	389	1	american	american	PROPN
fsr-3816	389	2	economic	economic	PROPN
fsr-3816	389	3	review	review	PROPN
fsr-3816	389	4	,	,	PUNCT
fsr-3816	389	5	47,261	47,261	NUM
fsr-3816	389	6	-	-	SYM
fsr-3816	389	7	267	267	NUM
fsr-3816	389	8	.	.	PUNCT
fsr-3816	390	1	modigliani	modigliani	PROPN
fsr-3816	390	2	,	,	PUNCT
fsr-3816	390	3	f.	f.	PROPN
fsr-3816	390	4	,	,	PUNCT
fsr-3816	390	5	&	&	CCONJ
fsr-3816	390	6	miller	miller	PROPN
fsr-3816	390	7	,	,	PUNCT
fsr-3816	390	8	m.	m.	NOUN
fsr-3816	390	9	(	(	PUNCT
fsr-3816	390	10	1963	1963	NUM
fsr-3816	390	11	)	)	PUNCT
fsr-3816	390	12	.	.	PUNCT
fsr-3816	391	1	corporate	corporate	ADJ
fsr-3816	391	2	income	income	NOUN
fsr-3816	391	3	taxes	taxis	NOUN
fsr-3816	391	4	and	and	CCONJ
fsr-3816	391	5	the	the	DET
fsr-3816	391	6	cost	cost	NOUN
fsr-3816	391	7	of	of	ADP
fsr-3816	391	8	capital	capital	NOUN
fsr-3816	391	9	:	:	PUNCT
fsr-3816	391	10	a	a	DET
fsr-3816	391	11	correction	correction	NOUN
fsr-3816	391	12	.	.	PUNCT
fsr-3816	392	1	american	american	PROPN
fsr-3816	392	2	economic	economic	PROPN
fsr-3816	392	3	review	review	PROPN
fsr-3816	392	4	,	,	PUNCT
fsr-3816	392	5	53,433	53,433	NUM
fsr-3816	392	6	-	-	SYM
fsr-3816	392	7	463	463	NUM
fsr-3816	392	8	.	.	PUNCT
fsr-3816	393	1	morris	morris	PROPN
fsr-3816	393	2	,	,	PUNCT
fsr-3816	393	3	j.	j.	PROPN
fsr-3816	393	4	(	(	PUNCT
fsr-3816	393	5	1982	1982	NUM
fsr-3816	393	6	)	)	PUNCT
fsr-3816	393	7	.	.	PUNCT
fsr-3816	394	1	taxes	taxis	NOUN
fsr-3816	394	2	,	,	PUNCT
fsr-3816	394	3	bankruptcy	bankruptcy	NOUN
fsr-3816	394	4	costs	cost	NOUN
fsr-3816	394	5	and	and	CCONJ
fsr-3816	394	6	the	the	DET
fsr-3816	394	7	existence	existence	NOUN
fsr-3816	394	8	of	of	ADP
fsr-3816	394	9	optimal	optimal	ADJ
fsr-3816	394	10	capital	capital	NOUN
fsr-3816	394	11	structure	structure	NOUN
fsr-3816	394	12	.	.	PUNCT
fsr-3816	395	1	journal	journal	NOUN
fsr-3816	395	2	of	of	ADP
fsr-3816	395	3	financial	financial	ADJ
fsr-3816	395	4	research	research	NOUN
fsr-3816	395	5	,	,	PUNCT
fsr-3816	395	6	5,285	5,285	NUM
fsr-3816	395	7	-	-	SYM
fsr-3816	395	8	300	300	NUM
fsr-3816	395	9	.	.	PUNCT
fsr-3816	396	1	rea	rea	PROPN
fsr-3816	396	2	,	,	PUNCT
fsr-3816	396	3	s.a	s.a	PROPN
fsr-3816	396	4	.	.	PROPN
fsr-3816	396	5	,	,	PUNCT
fsr-3816	396	6	jr	jr	PROPN
fsr-3816	396	7	.	.	PROPN
fsr-3816	396	8	(	(	PUNCT
fsr-3816	396	9	1984	1984	NUM
fsr-3816	396	10	)	)	PUNCT
fsr-3816	396	11	.	.	PUNCT
fsr-3816	397	1	arm	arm	NOUN
fsr-3816	397	2	-	-	PUNCT
fsr-3816	397	3	breaking	breaking	NOUN
fsr-3816	397	4	,	,	PUNCT
fsr-3816	397	5	consumer	consumer	NOUN
fsr-3816	397	6	credit	credit	NOUN
fsr-3816	397	7	and	and	CCONJ
fsr-3816	397	8	personal	personal	ADJ
fsr-3816	397	9	bankruptcy	bankruptcy	NOUN
fsr-3816	397	10	.	.	PUNCT
fsr-3816	398	1	economic	economic	ADJ
fsr-3816	398	2	inquiry	inquiry	NOUN
fsr-3816	398	3	,	,	PUNCT
fsr-3816	398	4	22	22	NUM
fsr-3816	398	5	,	,	PUNCT
fsr-3816	398	6	188	188	NUM
fsr-3816	398	7	-	-	SYM
fsr-3816	398	8	208	208	NUM
fsr-3816	398	9	.	.	PUNCT
fsr-3816	399	1	rooney	rooney	NOUN
fsr-3816	399	2	,	,	PUNCT
fsr-3816	399	3	j.f	j.f	PROPN
fsr-3816	399	4	.	.	PROPN
fsr-3816	399	5	(	(	PUNCT
fsr-3816	399	6	1996	1996	NUM
fsr-3816	399	7	)	)	PUNCT
fsr-3816	399	8	.	.	PUNCT
fsr-3816	400	1	u.s	u.s	PROPN
fsr-3816	400	2	.	.	PROPN
fsr-3816	400	3	bankruptcy	bankruptcy	NOUN
fsr-3816	400	4	filings	filing	NOUN
fsr-3816	400	5	top	top	VERB
fsr-3816	400	6	million	million	NUM
fsr-3816	400	7	-	-	PUNCT
fsr-3816	400	8	a	a	DET
fsr-3816	400	9	-	-	PUNCT
fsr-3816	400	10	year	year	NOUN
fsr-3816	400	11	pace	pace	NOUN
fsr-3816	400	12	for	for	ADP
fsr-3816	400	13	first	first	ADJ
fsr-3816	400	14	time	time	NOUN
fsr-3816	400	15	.	.	PUNCT
fsr-3816	401	1	chicago	chicago	PROPN
fsr-3816	401	2	daily	daily	PROPN
fsr-3816	401	3	law	law	NOUN
fsr-3816	401	4	bulletin	bulletin	NOUN
fsr-3816	401	5	,	,	PUNCT
fsr-3816	401	6	142	142	NUM
fsr-3816	401	7	,	,	PUNCT
fsr-3816	401	8	l-2	l-2	PROPN
fsr-3816	401	9	.	.	PUNCT
fsr-3816	402	1	scott	scott	PROPN
fsr-3816	402	2	,	,	PUNCT
fsr-3816	402	3	j.	j.	PROPN
fsr-3816	402	4	(	(	PUNCT
fsr-3816	402	5	1976	1976	NUM
fsr-3816	402	6	)	)	PUNCT
fsr-3816	402	7	.	.	PUNCT
fsr-3816	403	1	a	a	DET
fsr-3816	403	2	theory	theory	NOUN
fsr-3816	403	3	of	of	ADP
fsr-3816	403	4	capital	capital	NOUN
fsr-3816	403	5	structures	structure	NOUN
fsr-3816	403	6	.	.	PUNCT
fsr-3816	404	1	the	the	DET
fsr-3816	404	2	bell	bell	PROPN
fsr-3816	404	3	journal	journal	PROPN
fsr-3816	404	4	of	of	ADP
fsr-3816	404	5	economics	economic	NOUN
fsr-3816	404	6	and	and	CCONJ
fsr-3816	404	7	management	management	PROPN
fsr-3816	404	8	sci	sci	PROPN
fsr-3816	404	9	ence	ence	NOUN
fsr-3816	404	10	,	,	PUNCT
fsr-3816	404	11	7	7	NUM
fsr-3816	404	12	,	,	PUNCT
fsr-3816	404	13	33	33	NUM
fsr-3816	404	14	-	-	SYM
fsr-3816	404	15	54	54	NUM
fsr-3816	404	16	.	.	PUNCT
fsr-3816	405	1	shepard	shepard	NOUN
fsr-3816	405	2	,	,	PUNCT
fsr-3816	405	3	l.	l.	PROPN
fsr-3816	405	4	(	(	PUNCT
fsr-3816	405	5	1984	1984	NUM
fsr-3816	405	6	)	)	PUNCT
fsr-3816	405	7	.	.	PUNCT
fsr-3816	406	1	personal	personal	ADJ
fsr-3816	406	2	failures	failure	NOUN
fsr-3816	406	3	and	and	CCONJ
fsr-3816	406	4	the	the	DET
fsr-3816	406	5	bankruptcy	bankruptcy	NOUN
fsr-3816	406	6	reform	reform	PROPN
fsr-3816	406	7	act	act	NOUN
fsr-3816	406	8	of	of	ADP
fsr-3816	406	9	1978	1978	NUM
fsr-3816	406	10	.	.	PUNCT
fsr-3816	407	1	journal	journal	PROPN
fsr-3816	407	2	of	of	ADP
fsr-3816	407	3	law	law	NOUN
fsr-3816	407	4	and	and	CCONJ
fsr-3816	407	5	economics	economic	NOUN
fsr-3816	407	6	,	,	PUNCT
fsr-3816	407	7	27,419	27,419	NUM
fsr-3816	407	8	-	-	SYM
fsr-3816	407	9	437	437	NUM
fsr-3816	407	10	.	.	PUNCT
fsr-3816	408	1	simmons	simmon	NOUN
fsr-3816	408	2	,	,	PUNCT
fsr-3816	408	3	p.	p.	NOUN
fsr-3816	408	4	(	(	PUNCT
fsr-3816	408	5	1989	1989	NUM
fsr-3816	408	6	)	)	PUNCT
fsr-3816	408	7	.	.	PUNCT
fsr-3816	409	1	bad	bad	ADJ
fsr-3816	409	2	luck	luck	NOUN
fsr-3816	409	3	and	and	CCONJ
fsr-3816	409	4	fixed	fix	VERB
fsr-3816	409	5	costs	cost	NOUN
fsr-3816	409	6	in	in	ADP
fsr-3816	409	7	personal	personal	ADJ
fsr-3816	409	8	bankruptcies	bankruptcy	NOUN
fsr-3816	409	9	.	.	PUNCT
fsr-3816	410	1	journal	journal	NOUN
fsr-3816	410	2	of	of	ADP
fsr-3816	410	3	economic	economic	ADJ
fsr-3816	410	4	,	,	PUNCT
fsr-3816	410	5	99(394	99(394	NOUN
fsr-3816	410	6	)	)	PUNCT
fsr-3816	410	7	,	,	PUNCT
fsr-3816	410	8	92	92	NUM
fsr-3816	410	9	-	-	SYM
fsr-3816	410	10	107	107	NUM
fsr-3816	410	11	.	.	PUNCT
fsr-3816	411	1	sofianos	sofianos	PROPN
fsr-3816	411	2	,	,	PUNCT
fsr-3816	411	3	g.	g.	PROPN
fsr-3816	411	4	(	(	PUNCT
fsr-3816	411	5	1985	1985	NUM
fsr-3816	411	6	)	)	PUNCT
fsr-3816	411	7	.	.	PUNCT
fsr-3816	412	1	personal	personal	ADJ
fsr-3816	412	2	borrowing	borrowing	NOUN
fsr-3816	412	3	and	and	CCONJ
fsr-3816	412	4	bankruptcy	bankruptcy	NOUN
fsr-3816	412	5	:	:	PUNCT
fsr-3816	412	6	the	the	DET
fsr-3816	412	7	role	role	NOUN
fsr-3816	412	8	of	of	ADP
fsr-3816	412	9	the	the	DET
fsr-3816	412	10	exemption	exemption	NOUN
fsr-3816	412	11	level	level	NOUN
fsr-3816	412	12	(	(	PUNCT
fsr-3816	412	13	working	work	VERB
fsr-3816	412	14	paper	paper	NOUN
fsr-3816	412	15	340,50	340,50	NUM
fsr-3816	412	16	)	)	PUNCT
fsr-3816	412	17	.	.	PUNCT
fsr-3816	413	1	new	new	PROPN
fsr-3816	413	2	york	york	PROPN
fsr-3816	413	3	:	:	PUNCT
fsr-3816	413	4	solomon	solomon	PROPN
fsr-3816	413	5	brothers	brothers	PROPN
fsr-3816	413	6	center	center	PROPN
fsr-3816	413	7	,	,	PUNCT
fsr-3816	413	8	new	new	PROPN
fsr-3816	413	9	york	york	PROPN
fsr-3816	413	10	university	university	PROPN
fsr-3816	413	11	.	.	PUNCT
fsr-3816	414	1	stanley	stanley	PROPN
fsr-3816	414	2	,	,	PUNCT
fsr-3816	414	3	d.t	d.t	PROPN
fsr-3816	414	4	.	.	PROPN
fsr-3816	414	5	,	,	PUNCT
fsr-3816	414	6	&	&	CCONJ
fsr-3816	414	7	girth	girth	NOUN
fsr-3816	414	8	,	,	PUNCT
fsr-3816	414	9	m.	m.	NOUN
fsr-3816	414	10	(	(	PUNCT
fsr-3816	414	11	1971	1971	NUM
fsr-3816	414	12	)	)	PUNCT
fsr-3816	414	13	.	.	PUNCT
fsr-3816	415	1	bankruptcy	bankruptcy	NOUN
fsr-3816	415	2	,	,	PUNCT
fsr-3816	415	3	problem	problem	NOUN
fsr-3816	415	4	,	,	PUNCT
fsr-3816	415	5	process	process	NOUN
fsr-3816	415	6	,	,	PUNCT
fsr-3816	415	7	reform	reform	NOUN
fsr-3816	415	8	.	.	PUNCT
fsr-3816	416	1	washington	washington	PROPN
fsr-3816	416	2	,	,	PUNCT
fsr-3816	416	3	dc	dc	PROPN
fsr-3816	416	4	:	:	PUNCT
fsr-3816	416	5	the	the	DET
fsr-3816	416	6	brookings	brookings	PROPN
fsr-3816	416	7	institution	institution	NOUN
fsr-3816	416	8	.	.	PUNCT
fsr-3816	417	1	sullivan	sullivan	PROPN
fsr-3816	417	2	,	,	PUNCT
fsr-3816	417	3	t.a	t.a	PROPN
fsr-3816	417	4	.	.	PROPN
fsr-3816	417	5	,	,	PUNCT
fsr-3816	417	6	warren	warren	PROPN
fsr-3816	417	7	,	,	PUNCT
fsr-3816	417	8	e.	e.	PROPN
fsr-3816	417	9	,	,	PUNCT
fsr-3816	417	10	&	&	CCONJ
fsr-3816	417	11	westerbrook	westerbrook	PROPN
fsr-3816	417	12	,	,	PUNCT
fsr-3816	417	13	w.	w.	NOUN
fsr-3816	417	14	(	(	PUNCT
fsr-3816	417	15	1994	1994	NUM
fsr-3816	417	16	)	)	PUNCT
fsr-3816	417	17	.	.	PUNCT
fsr-3816	418	1	consumer	consumer	NOUN
fsr-3816	418	2	debtors	debtor	NOUN
fsr-3816	418	3	ten	ten	NUM
fsr-3816	418	4	years	year	NOUN
fsr-3816	418	5	later	later	ADV
fsr-3816	418	6	:	:	PUNCT
fsr-3816	418	7	a	a	DET
fsr-3816	418	8	tinan	tinan	NOUN
fsr-3816	418	9	cial	cial	ADJ
fsr-3816	418	10	comparison	comparison	NOUN
fsr-3816	418	11	of	of	ADP
fsr-3816	418	12	consumer	consumer	NOUN
fsr-3816	418	13	bankrupts	bankrupt	NOUN
fsr-3816	418	14	1981	1981	NUM
fsr-3816	418	15	-	-	SYM
fsr-3816	418	16	1991	1991	NUM
fsr-3816	418	17	.	.	PUNCT
fsr-3816	419	1	journal	journal	NOUN
fsr-3816	419	2	of	of	ADP
fsr-3816	419	3	american	american	PROPN
fsr-3816	419	4	bankruptcy	bankruptcy	PROPN
fsr-3816	419	5	law	law	PROPN
fsr-3816	419	6	journal	journal	NOUN
fsr-3816	419	7	,	,	PUNCT
fsr-3816	419	8	68	68	NUM
fsr-3816	419	9	,	,	PUNCT
fsr-3816	419	10	l-4	l-4	NOUN
fsr-3816	419	11	.	.	PUNCT
fsr-3816	420	1	96	96	NUM
fsr-3816	420	2	financial	financial	ADJ
fsr-3816	420	3	services	service	NOUN
fsr-3816	420	4	review	review	VERB
fsr-3816	420	5	6(2	6(2	NUM
fsr-3816	420	6	)	)	PUNCT
fsr-3816	420	7	1997	1997	NUM
fsr-3816	420	8	taggart	taggart	NOUN
fsr-3816	420	9	,	,	PUNCT
fsr-3816	420	10	r.a	r.a	PROPN
fsr-3816	420	11	.	.	PROPN
fsr-3816	420	12	(	(	PUNCT
fsr-3816	420	13	1982	1982	NUM
fsr-3816	420	14	)	)	PUNCT
fsr-3816	420	15	.	.	PUNCT
fsr-3816	421	1	secular	secular	ADJ
fsr-3816	421	2	patterns	pattern	NOUN
fsr-3816	421	3	in	in	ADP
fsr-3816	421	4	the	the	DET
fsr-3816	421	5	financing	financing	NOUN
fsr-3816	421	6	of	of	ADP
fsr-3816	421	7	u.s	u.s	PROPN
fsr-3816	421	8	.	.	PROPN
fsr-3816	421	9	corporations	corporation	NOUN
fsr-3816	421	10	.	.	PUNCT
fsr-3816	422	1	in	in	ADP
fsr-3816	422	2	b.	b.	PROPN
fsr-3816	422	3	friedman	friedman	PROPN
fsr-3816	422	4	(	(	PUNCT
fsr-3816	422	5	ed	ed	NOUN
fsr-3816	422	6	.	.	PUNCT
fsr-3816	422	7	)	)	PUNCT
fsr-3816	422	8	,	,	PUNCT
fsr-3816	422	9	corporate	corporate	ADJ
fsr-3816	422	10	capifal	capifal	ADJ
fsr-3816	422	11	structure	structure	NOUN
fsr-3816	422	12	in	in	ADP
fsr-3816	422	13	the	the	DET
fsr-3816	422	14	united	united	PROPN
fsr-3816	422	15	states	states	PROPN
fsr-3816	422	16	(	(	PUNCT
fsr-3816	422	17	pp	pp	ADJ
fsr-3816	422	18	.	.	PUNCT
fsr-3816	423	1	13	13	NUM
fsr-3816	423	2	-	-	SYM
fsr-3816	423	3	80	80	NUM
fsr-3816	423	4	)	)	PUNCT
fsr-3816	423	5	.	.	PUNCT
fsr-3816	424	1	chicago	chicago	PROPN
fsr-3816	424	2	:	:	PUNCT
fsr-3816	425	1	university	university	NOUN
fsr-3816	425	2	of	of	ADP
fsr-3816	425	3	chicago	chicago	PROPN
fsr-3816	425	4	press	press	PROPN
fsr-3816	425	5	.	.	PUNCT
fsr-3816	426	1	titman	titman	PROPN
fsr-3816	426	2	,	,	PUNCT
fsr-3816	426	3	s.	s.	PROPN
fsr-3816	426	4	(	(	PUNCT
fsr-3816	426	5	1984	1984	NUM
fsr-3816	426	6	)	)	PUNCT
fsr-3816	426	7	.	.	PUNCT
fsr-3816	427	1	the	the	DET
fsr-3816	427	2	effect	effect	NOUN
fsr-3816	427	3	of	of	ADP
fsr-3816	427	4	capital	capital	NOUN
fsr-3816	427	5	structure	structure	NOUN
fsr-3816	427	6	on	on	ADP
fsr-3816	427	7	the	the	DET
fsr-3816	427	8	firm	firm	NOUN
fsr-3816	427	9	’s	’s	PART
fsr-3816	427	10	liquidation	liquidation	NOUN
fsr-3816	427	11	decision	decision	NOUN
fsr-3816	427	12	.	.	PUNCT
fsr-3816	428	1	journal	journal	NOUN
fsr-3816	428	2	of	of	ADP
fsr-3816	428	3	financial	financial	ADJ
fsr-3816	428	4	economics	economic	NOUN
fsr-3816	428	5	,	,	PUNCT
fsr-3816	428	6	13	13	NUM
fsr-3816	428	7	,	,	PUNCT
fsr-3816	428	8	137152	137152	NUM
fsr-3816	428	9	.	.	PUNCT
fsr-3816	429	1	warner	warner	PROPN
fsr-3816	429	2	,	,	PUNCT
fsr-3816	429	3	j.	j.	PROPN
fsr-3816	429	4	(	(	PUNCT
fsr-3816	429	5	1984	1984	NUM
fsr-3816	429	6	)	)	PUNCT
fsr-3816	429	7	.	.	PUNCT
fsr-3816	430	1	bankruptcy	bankruptcy	NOUN
fsr-3816	430	2	costs	cost	NOUN
fsr-3816	430	3	:	:	PUNCT
fsr-3816	430	4	some	some	DET
fsr-3816	430	5	evidence	evidence	NOUN
fsr-3816	430	6	.	.	PUNCT
fsr-3816	431	1	journal	journal	PROPN
fsr-3816	431	2	offinance	offinance	NOUN
fsr-3816	431	3	,	,	PUNCT
fsr-3816	431	4	32	32	NUM
fsr-3816	431	5	,	,	PUNCT
fsr-3816	431	6	337	337	NUM
fsr-3816	431	7	-	-	SYM
fsr-3816	431	8	348	348	NUM
fsr-3816	431	9	.	.	PUNCT
fsr-3816	432	1	white	white	ADJ
fsr-3816	432	2	,	,	PUNCT
fsr-3816	432	3	m.	m.	NOUN
fsr-3816	432	4	(	(	PUNCT
fsr-3816	432	5	1989	1989	NUM
fsr-3816	432	6	)	)	PUNCT
fsr-3816	432	7	.	.	PUNCT
fsr-3816	433	1	the	the	DET
fsr-3816	433	2	corporate	corporate	ADJ
fsr-3816	433	3	bankruptcy	bankruptcy	NOUN
fsr-3816	433	4	decision	decision	NOUN
fsr-3816	433	5	.	.	PUNCT
fsr-3816	434	1	journal	journal	NOUN
fsr-3816	434	2	of	of	ADP
fsr-3816	434	3	economic	economic	ADJ
fsr-3816	434	4	perspectives	perspective	NOUN
fsr-3816	434	5	,	,	PUNCT
fsr-3816	434	6	3	3	NUM
fsr-3816	434	7	,	,	PUNCT
fsr-3816	434	8	129	129	NUM
fsr-3816	434	9	151	151	NUM
fsr-3816	434	10	.	.	PUNCT
fsr-3816	435	1	white	white	ADJ
fsr-3816	435	2	,	,	PUNCT
fsr-3816	435	3	m.	m.	NOUN
fsr-3816	435	4	(	(	PUNCT
fsr-3816	435	5	1993	1993	NUM
fsr-3816	435	6	)	)	PUNCT
fsr-3816	435	7	.	.	PUNCT
fsr-3816	436	1	the	the	DET
fsr-3816	436	2	costs	cost	NOUN
fsr-3816	436	3	of	of	ADP
fsr-3816	436	4	corporate	corporate	ADJ
fsr-3816	436	5	bankruptcy	bankruptcy	NOUN
fsr-3816	436	6	:	:	PUNCT
fsr-3816	436	7	a	a	DET
fsr-3816	436	8	u.s.-european	u.s.-european	ADJ
fsr-3816	436	9	comparison	comparison	NOUN
fsr-3816	436	10	(	(	PUNCT
fsr-3816	436	11	research	research	NOUN
fsr-3816	436	12	forum	forum	NOUN
fsr-3816	436	13	on	on	ADP
fsr-3816	436	14	international	international	ADJ
fsr-3816	436	15	economics	economic	NOUN
fsr-3816	436	16	discussion	discussion	NOUN
fsr-3816	436	17	paper	paper	NOUN
fsr-3816	436	18	346,40	346,40	NUM
fsr-3816	436	19	)	)	PUNCT
fsr-3816	436	20	.	.	PUNCT
fsr-3816	437	1	university	university	PROPN
fsr-3816	437	2	of	of	ADP
fsr-3816	437	3	michigan	michigan	PROPN
fsr-3816	437	4	.	.	PUNCT