Corporate Financial Distress and Bankruptcy: A Complete Guide to Predicting & Avoiding Distress and Profiting from Bankruptcy

Abstract

THE LEGAL, ECONOMIC, AND INVESTMENT DIMENSIONS OF CORPORATE BANKRUPTCY AND DISTRESSED RESTRUCTURINGS. Corporate Distress: Introduction and Statistical Background. Evolution of the Bankruptcy Process. Evaluating the Chapter 11 Bankruptcy-Reorganization Process. Emerging Trends in Bankruptcy Reorganization. Risks and Returns in the High-Yield ''Junk'' Bond Market. Firm Valuation and Corporate Leveraged Restructuring. Investing in Distressed Securities. TECHNIQUES FOR THE CLASSIFICATION AND PREDICTION OF FINANCIAL DISTRESS AND THEIR APPLICATIONS. Classifying and Predicting Corporate Distress: The Z -Score Models. ZETA Analysis and Other Attempts to Classify and Predict Business Failures. Application of Distress Prediction Models and Mortality Concepts in Banking. Distress Prediction Models: Catalysts for Constructive Change--Managing a Financial Turnaround. Distress Classification Models for Non-U.S. Countries (A Bibliography). UNDERSTANDING THE BANKRUPTCY REORGANIZATION PROCESS (CASE STUDIES). The Duplan Corporation Case. Wheeling Pittsburgh Steel Corporation. References. Index.