Bankruptcy & Distressed Restructurings: Analytical Issues and Investment Opportunities

In today's vulnerable and volatile business climate, corporate bankruptcy and Chapter 11 reorganization is a common occurrence at U.S. corporations of all sizes, in all sectors. As a result, the market for distressed firms' debt and equity securities has captured the interest and imagination of the investment community like never before. Bringing together some of the most prominent people in both the practitioner and academic communities, Bankruptcy & Distressed Restructurings includes the determinants of successful distressed exchange issues and Chapter 11 proceedings, bankruptcy and liquidation costs and their impact on corporate values, investment opportunities in distressed and defaulted securities, management and competitor behavior related to distress, and an evaluation of investor priorities and market efficiencies. With contributions from more than 30 experts, this insightful look at corporate distress is must reading for anyone involved with corporate finance, financial markets, economics, and law.