Technological Innovations in Bankruptcy and Liquidation

Learning ObjectivesAt the end of this chapter, readers ought to be in a position to: 1. Demonstrate the impact of new technologies (AI, blockchain, big data and the metaverse) on the practice of insolvency.2. Know artificial intelligence (AI) models of financial distress.3. Explain how blockchain can be used in transparency, tracing of assets, and verification of creditors.4. Discuss the application of smart contracts in the restructuring and liquidation process.5. Examine how digital forensics and metadata can be used to conduct investigations on insolvency.6. Get to know digital insolvency administration and virtual court hearings.7. Determine insolvency risk in cybersecurity.8. See the future of the insolvency practice in a digital and decentralized global economy.