The purpose of this thesis is to analyze and discuss a list of specific problems in the current Danish system and in this analysis to examine how these problems are dealt with under the United States laws on reorganization. The thesis consists of five parts in addition to this Introduction. Part II is an introduction to the laws on reorganization in Denmark and in the United States. Part II also includes a brief introduction to out-of-court workouts as an alternative to reorganization under the bankruptcy laws. Part III provides statistical information on the number of reorganizations, the outcome of reorganizations, debtor demographics, etc. Part IV is the heart of the Thesis in which the problems identified in the Reorganization Report are analyzed and discussed. In Part V, conclusions and suggestions to the future reform of the Danish Bankruptcy Act are summarized, and finally, in Part VI the bibliography lists the sources and references used throughout the text.