The UCLA-LoPucki Bankruptcy Research Database (BRD) Success Modeling Project is in its fourth year. The Project is an effort to collect and analyze the data needed to evaluate the bankruptcy reorganization process as applied to large public companies. By defining and measuring success, the Project seeks to improve the functioning of the bankruptcy system with respect to large public company cases in at least three ways. The first is to provide an objective basis for assessing rules and procedures by linking differences in rules and procedures to differences in outcomes. The second is providing system participants with the information they need to adjust their actions in ways that will lead to greater success in particular cases. The third way, and the one pursued in this Article, is to assess the system’s overall performance as a means of guiding reform.