Book Description
Recently, reorganizations, restructurings, and bankruptcies have replaced IPOs as the common financial vehicle of the times. However, these distressed companies can still provide an avenue for profitable investing. This eagerly anticipated new reference helps guide you through this treacherous landscape in order to master the multi-move chess-like strategies required to achieve financially advantageous results for your portfolio. It is the most up-to-date and comprehensive book on the market to deal with the myriad of issues surrounding a distressed company.
Providing theoretical and practical insight, Distressed Debt Analysis: Strategies for Speculative Investors presents a conceptual, but not overly technical, outline of the financial and bankruptcy law context in which restructurings take place. The book covers the broader financial environment of the reorganization and the basic process of investment analysis and investment strategies. The author uses numerous real-world examples and case studies to emphasize important concepts and critical issues.
The developments that have created these extraordinary investment opportunities have also created tremendous demand for professionals with experience and knowledge in the restructuring process. Distressed Debt Analysis: Strategies for Speculative Investors addresses the complete knowledge needs of investors and professionals in the burgeoning world of financially distressed companies. It is perfect for bankruptcy departments of law firms, restructuring advisory groups, turnaround consulting firms, and reorganization and distressed securities departments of investment banks.
Customer Reviews:
Invaluable.......2007-05-07
Extremely helpful in preparing our new hires - it is required reading. This book will be a desk reference for years to come.
Great & Comprehensive Practical Review.......2007-01-05
Unlike many academic books, this is a practical analysis of distressed debt, the bankruptcy process, and all the related financial, accounting and valuation issues that arise in this context. It is well written and well organized.
Some other books on the topic go into significantly more detail in esoteric issues; however this book is a must for a grounded detailed understanding of the topic. I have recommended this book to a number of colleagues in the industry and all were equally appreciative.
must buy.......2006-03-14
It's a must buy for people in high-yield/distressed analysis. I was suggested this book at my first day at work.
A Complete Introduction .......2005-11-02
The premise of this book is really quite simple.
Identify securities (bonds, stocks or whatever) from companies that are in trouble. Buy these securities when other investors are ignoring or even selling them. Then when the company gets turned around, you can make a fortune. What you don't want to do is buy these securities only to see the companies go out of business so that your securities are now completely worthless.
As you might guess from the title, this book is about how to analyze distressed companies that offer this potential investment path. It covers virtually every aspect of finding such companies, determining if the proposed investment is feasible, explains the differences in the company going through one of the various bankruptcy procedures, the legal and financial due diligence issues, and more. The final result is a set of basic investment strategies and analytical techniques, complete with case studies and referrences to numerous real-world examples to emphasize important concepts and critical issues.
Along with the book is a companion web site that offers additional information, checklists, sample letters, and more.
This book is a complete introduction to this new and emerging field.
Valuable insights, useful commentary, and professionally written........2005-10-22
Like many of us, perhaps you've owned some bonds that have fallen into junk status or worse, distress/bankruptcy. In most cases, did you throw up your arms either selling at a loss or confused by smallprint mail solicitations? Stephen Moyer is an absolute pro and de-mystifies what some may think of as a blackbox only understood by investment specialists, asset pirates, and/or bankruptcy lawyers.
Conversely, if you are a professional and seeking to augment your understanding, Moyer provides insightful commentary on areas like negotiation leverage points, key area to control, legal bounds of control, pre & post-bankruptcy valuation approaches, and comparisons to real deals done recently in the marketplace. Most of his examples are from 1998-2003, and he tries to use contemporary issues to highlight arguments. Unfortunately, you will not find the most recent Bankruptcy Code reforms which commenced Oct 17, 2005. For instance, he states on page 77 that management can "...extend the [bankruptcy] exclusivity period virtually indefinitely...", which today is essentially limited to 18 months. Although a shortcoming to the book, any professional investor would have access to materials to become up-to-date on the recent reforms.
Moyer's CV reads long: Stanford Law, Chicago MBA, CFA, CPA, and Drexel Lambert heritage. Obviously, he knows what he is talking about. His writing interests do seem to be lawyer-ly; for instance, he spends an inordinate amount of time explaining issues around confidentiality agreements and duties. But, I appreciated his clear and concise style and sentences. No arrogance in his style nor is he trying to sell his current firm.
Excellent book. Strongly recommend despite the price.
Product Description
Purchase This Product from Samurai-Ink Your Trusted Seller. Credit Repair and Bankruptcy Are Just About Illegal! Only 1 out of every 5 Bankruptcies is a Chapter 7 Bankruptcy, Debt Forgiveness. 4 out of every 5 are forced into Chapter 13! Commonly referred to as Debtors Prison! You Will Have To Repay Your Entire Debt! Don't let this happen to YOU! How can you prevent it? You need the Credit Secrets Bible - All new for 2007, The Credit Secrets Bible (CSB). Plagued by Bankruptcy? Debt? Credit Problems? Could you use a $5,000 Card with no Credit Check? Low (Fico) Credit Score keeping you out of that car or home? You have come to the place that has all the answers and teaches you how to unlock the secrets of the credit system. What if you already filed Bankruptcy? No Sweat! The CSB is packed full of the information you'll need to rebuild your credit and your Fico score at warp speed! Bankruptcy? Bills? Job Loss? Divorce? Tired of fighting the CREDIT BATTLE? You can stop fighting the Credit Reporting Agencies and make them WORK for YOU! This information CAN and WILL change YOUR CREDIT LIFE! Everything you ever wanted to know about Credit Repair and Bankruptcy but were afraid to ask. The CSB exposes the secrets behind the credit system. The same secrets the government, the banks, and the credit card companies don't want you to know. Credit repair clinics and attorneys can charge hundreds even thousands of dollars for the techniques discussed in the CSB. The same techniques you can use yourself to avoid bankruptcy and repair your credit. This educational guide is one of the most comprehensive publications ever compiled in helping you get, keep and repair your credit. Even if you have already filed bankruptcy, this publication can guide you in re-establishing your credit rating. Includes The Audio Companion CD - Listen to this education publication while you drive to work or in the comfort of your home. Samurai-Ink gives you the $500 worth of Credit Letters for Free!
Customer Reviews:
A MUST HAVE FOR EVERYONE.......2007-05-13
I LOVE IT! I recieved this book about a month ago and it was the best and smartest purchase I've ever made. My husband and I were looking to move to another house, but because of some financial hardship two years ago his credit score had dropped. We called one of the "credit repair compainies" and found it would cost over $700 just for a couple of months service. I felt that price was too high. So I decided since this is something we could do ourselves why not give it a try. I started reading and highlighting the book 10 minutes after I got it. This book has something for everyone, it doesn't matter if you are trying to build credit, going thru a Bankruptcy or being pressured by collections. GET THIS BOOK. Our score has already jumped 40 points in the first month, and keeps rising. I believe in a year we will have a score of 800. It is really helpful and I can not say enough wounderful things about how much money this book will save us in the future.
If you are on a time crunch to raise your credit score I advise (from personal experience) to pull your credit report from all three bureaus before you get the book.
The best $67.00 I have ever spent.......2006-07-17
Greetings To All. I would rate this book a perfect 10 if I could. I want to take this time to let everyone know that the information in this book is allowing me to truly understand the various credit laws, FICO & Vantage scores, ways to fight incorrect information on your credit report and so much more. My credit score is now in the mid-600's. It increased about 80 points. I was able to obtain a Chase Mastercard and a VISA as well. I am learning how to use these credit cards to build my buying power. This book shows you all the do's and things to avoid. I have no doubt that the Credit Secrets Bible is going to help me get a credit score of 800 after I have made bad decisions regarding my credit. At first, I was skeptical, but my sister ensured me it was worth it. I am so glad I did! Still not convinced, email me @
anitragipson@yahoo.com. I am not lying because it really works. It really works!
GET THIS BOOK TODAY!!!
Excellent Credit Repair Resource.......2006-01-12
This book is worth every penny I paid. 100% as advertised. I was able to remove several items off of my credit report and increased my FICO score by 48 points in one month! This ended up getting me a loan on my new car at 3.9% instead of 7.5% I'll end up saving over $3000 over the 60 months for the loan. One wish - can you make a hardcover edition of this book? I used mine so much it's falling apart! I have more highlighted paragraphs in this book than I do in my regular church bible. Go figure. Again, thanks for such a great resource!
Product Description
This book is an exploration of the key concepts of real eestate finance and investment strategy. It is not a mere formulaic analysis of numbers designed to give you "the answer" to any and all real estate investment decisions. Instead, this book is designed to help you understand that ther is no singular or judgment and experience, with an eye to the numbers. The goal is to help you evaluate the risks and opportunities of real estate assets and investments, and will hopefully help you embark upon the long and unending road of stregthening your judgment.
Customer Reviews:
Linneman Real Estate Finance Textbook--Thumbs Up!.......2007-05-28
As a University of Chicago economics PhD and Professor of Real Estate Finance at The Wharton School of the University of Pennsylvania, one of the few business schools that teaches the real estate business in a thoroughgoing way, Peter Linneman is the top real estate finance academic in the country. I recently heard him speak at a conference on real estate mergers in NYC, and he was one of the best professional speakers of any kind that I have ever heard in 20 years of real estate law practice. His splendid textbook, Real Estate Finance & Investments, reads almost exactly like he speaks. It's like a superb, clear, and witty set of lectures, all encapsulated in a textbook. Linneman is not only a topflight academic, but has substantial direct involvement in the real estate business. This very much shows in the book, which takes the most abstract scholarly knowledge and makes it easy to understand through examples of crystalline clarity. It is a godsend to those who work in the real estate sector that someone as smart as Linneman would take the time to write this awesome textbook, which not only must be the best textbook on real estate finance, but is one of the best textbooks of any kind I have ever read.
There are only opportunitities, and no risks in buying and reading this super textbook.
Book Description
A step-by-step action plan to quick and lasting recovery after personal bankruptcy. Indexed.
Customer Reviews:
The Book Is Actually An Ad For His $497 Course.......2007-09-12
This book is FULL of commercials but void of any specific information you can apply to your life. His advice on everything from getting credit cards, auto loans, installment loans, mortgages, what ever, is to research everything out there and interview every loan officer, credit mangager etc out there, and find the best deal.
This book, his internet site, and his "free" seminar are all in effect teases to get you to buy his "Increase Your Credit Scores - Improve Your Lifestyle" course which costs $497. Presumably, some actually utilizable information is in that.
Bankruptcy.......2007-03-22
There is a moderate amount of useful information about life after bankruptcy. Probably half of the information can be found on the internet. However, the author should not have used the bankruptcy information as a cover for preaching his religious beliefs. I felt mislead.
Bankruptcy.......2007-01-12
This is a good book for someone who filed bankruptcy this book has given me a lot of insight on thing
Waste of money.......2006-12-23
You can find all this information on line. There is nothing new here for a post bankruptcy person. Also, he has a RELIGIOUS BENT so be careful.
light at the end.......2006-11-08
I am seeing light at the end of the bankruptcy tunnel
Book Description
An authoritative, in-depth guide to all aspects of credit analysis from the experts at Standard & Poor's
Credit analysis--gauging an issuer's ability to repay interest and principal on a bond issue--plays an essential role in determining how bond issues are rated and priced. Fundamentals of Corporate Credit Analysis provides both analysts and investors with the practical, up-to-date information they need, backed by Standard & Poor's research, data, and experience, to properly assess the credit risk of virtually any entity.
Whether used as a handy all-in-one guide or as a comprehensive training tool, it will give anyone the knowledge and tools needed to dig beneath standard ratings and determine an organization's true creditworthiness.
Download Description
An authoritative, in-depth guide to all aspects of credit analysis from the experts at Standard & Poors
Credit analysis--gauging an issuer's ability to repay interest and principal on a bond issue--plays an essential role in determining how bond issues are rated and priced. Fundamentals of Corporate Credit Analysis provides both analysts and investors with the practical, up-to-date information they need, backed by Standard & Poor's research, data, and experience, to properly assess the credit risk of virtually any entity.
Whether used as a handy all-in-one guide or as a comprehensive training tool, it will give anyone the knowledge and tools needed to dig beneath standard ratings and determine an organization's true creditworthiness.
'
Customer Reviews:
read this before going for it.......2007-04-23
I did not like the book, since being in the industry for more than seven years i felt the book is basic. However it is a must read (Cover to Cover) for those who are in undergraduate in the field of risk management or finance. This books gives the introduction to financial model building. But this intro is so brief that it will be your imagination to make full use of it. However for new commers in this field or interested it is good to give it few hours.
damaged.......2006-03-14
unfortunately was the cover of my new book a bit damaged. I really did not like this because I especially ordered a hard cover.
A Definitive Book On Setting Corporate Analysis Policy.......2005-02-25
I had the pleasure of working with one of the authors 15 years ago. But don't let that sway you. I truly appreciate the scope and effort put into this book. We will use it as an outline for how our analysts should approach analyzing a credit. Chapter 3 alone is worth the price of admission as the authors list the elusive "qualitative" factors that go into a credit rating, beyond what the ratios tell you it should be. While the book barely scratches the surface of certain analytical methods (the Merton Model got 1/2 a page), and it is written more for the layman or student, I still learned many things. And I've been in the business 20+ years. The prior reviewer, and many others will say they wished they wrote this book. I will too. I even briefly started my own version recently. But I first turned to S&P's ratings criteria as an outline. As such, the right people wrote this book. The authors fully used the vast resources and data mining of S&P. This certainly feels like a team effort. The telecom analyst wrote a piece on the rapid decline of telecom credits in 2000-2002, and other professionals added real life examples. The book organizes itself in the top down approach to analysis. It starts with sovereign risk, then moves to industry, then company business/competitive risk. It then highlights the ratios to look for, and also gives data on seniority and recovery values for specific levels of debt. It then uses these tools to analyze a fictional company. It ends with case studies that cover M&A, sovereign risk and other topical reviews that act as a real life summary to what you just learned. Highly recommended. Well done.
Excellent Resource for Corporate Bankers & Credit Analysts.......2005-01-24
This book is long overdue. It typically takes a credit or corporate banking professional several years and several levels (analyst, senior analyst, associate/assistant vice president, and finally, vice president) to piece together the knowledge and analytical skills presented within this wonderful book. The book offers a comprehensive foundation in business, financial, and strategic analysis (among several other related topics) in a very easily digested and understood manner. I guess my only complaint is that I didn't have the opportunity to write it myself!! I would advise every credit or relationship management team leader to purchase this book for their entire team -- particularly for their analysts and associates (although... on second thought, perhaps everyone on the team should have a copy in their desk drawer.) Bottom line: Highly-recommended. AAA+++
Book Description
HOW TO SETTLE YOUR DEBTS, by Norman H. Perlmutter, CPA, is the book that everyone needs to prevent economic meltdown. It's the essential, up-to-date, comprehensive and gutsy survival guide to meet this ever growing serious problem of financial ruin that faces so many of us.
In a step-by-step format it guides individuals, families and businesses through a process that will end debt and reverse insolvency without filing bankruptcy. Even if you're on the brink of financial ruin, with this book you can regain financial health and get a fresh start without committing "financial suicide".
HOW TO SETTLE YOUR DEBTS provides legitimate workable solutions to repair financial chaos. It's written in a conversational style and organized in an outline format that promotes understanding and ease of reading for the average person. You will learn in no uncertain terms how to climb out of the hole you are in and get your financial life under control without causing irreparable damage to your future in the process.
The author is a practicing CPA and Financial Advisor who formerly owned a Debt Collection Agency. He understands the tactics of the conniving moneylenders and their debt collector enforcers and all the other scam artists who are out there waiting to rip you off. He knows how to deal with these people and how to stop them from harassing you and from ruining your credit and your reputation. Furthermore and most important, with this book he will teach you how to take control of your financial life and get out of the mess you are in.
HOW TO SETTLE YOUR DEBTS is for all those individuals, families and businesses whose debts grow deeper by the day and whose lives are being adversely affected by them. Here's a summary of how the book will help you deal with your problems with debt:
• It will teach you the basics - what you're up against, who the predators are, how to recognize and avoid their debt traps, the fundamentals of debt, the risks you take when you don't pay, and what they can and cannot do to collect from you.
• It will help you understand your problem - by following the steps outlined you will be able to expose, examine and evaluate your dilemma with debt, how it's affecting your life and the options you have to deal with it.
• You will learn to know your enemy - what makes creditors and bill collectors tick, what motivates them, what their weaknesses are, how you can exploit them and how they are vulnerable to attack.
• It will show you how to keep the wolves at bay - by creating doubt as to the validity and the collectability of your debts and by using "Dirty Tricks" and Counter Attack Techniques to frustrate and discourage creditors and bill collectors.
• It will teach you about your rights and how to take advantage of them - federal and state laws enacted to protect you from abuse and to punish bill collectors who violate them.
• You will learn how to negotiate a debt settlement plan - using basic negotiating skills and built in leverage to set up an advantageous arrangement with your creditors to workout and settle your debts.
• How to use the "Golden Rules of Debtsmenship" - to protect your assets and your privacy and to safeguard credit, and where necessary, how to repair credit and rebuild it.
• How to deal with lawyers - to negotiate debt settlements, contest lawsuits and protect your assets from judgment levies.
• How to settle secured debts and tax debts - by recognizing and seizing upon opportunities to settle or otherwise favorably resolve these debts that creditors have more power to collect.
• How to settle business debts - by understanding the differences that must be considered when negotiating workouts and settlements with business creditors.
• Where to get help if you need it - and how to watch out for all the scam artists who are out there waiting to take advantage of you.
• It's a reference manual as well as a guide - with its outline format and comprehensive index the book can be used to easily and quickly obtain information on any of the many subjects covered relating to debt and debt relief.
HOW TO SETTLE YOUR DEBTS ~ Without Committing Financial Suicide ~ shows you how to end debt and reverse insolvency without resorting to the self-defeating and demeaning ordeal of filing bankruptcy. It provides you with all the knowledge, the techniques and insight required to successfully accomplish this.
Customer Reviews:
Buy it and Save $$$.......2006-11-16
Using the information contained in the book, especially to have Patience and Persistence, I have settled 2 credit card debts, and saved $16,000 from what Credit Card #1 and Credit Card #2 were demanding. They gave in before I wore out. Having gone through this, I now feel extremely confident on settling the remaining debt for less then the current balance. Using the advice contained in Norman's book WILL work as long as don't give in until you feel you have reached a fair settlement.
Great book.......2006-04-17
Gives you the law and practicalities. After reading this book I wrote to one lender and one collection agency and (5 months later) haven't heard from them again.
Excellent! Very Informative .......2006-02-10
This book was great! I began reading the book with much debt and minimal knowledge of how to become victorious in the world of debt and credit. This book was written in lay terms, so it was very easy to understand. Included in the book were sample letters and laws that helped me to know my rights as a consumer.
As I was reading this book, I began to apply much of what was written and I immediately began to gain control over my finances. I was no longer going to fall prey to credit or be victim to the collector. I now have a budget, live beneath my means, have devised a plan to remain out of debt and am on my way to rebuilding my credit. I would recommend this book to any and everyone. It was absolutely outstanding!
Low on Substance.......2006-01-01
I got this book because of the outstanding reviews it already had. In hindsight, I suspect not all of them are legitimate reviews. It's difficult to imagine anyone could read the advice in this book, put it to use, and actually gain significant benefit. Though the book's description sounds very promising, I found that it didn't deliver the information it promised. Many of the scenarios in the book are unrealistic and make unhelpful assumptions. Over and over again the author directs the reader to research topics elsewhere without providing even basic information. For example: "Credit reports are difficult to read and even more difficult to understand. There are some excellent books available to help you with this." While this book is not specifically about dealing with your credit report, it seems that a bit more information about credit reports would have been provided.
Most of the advice is common sense (live within your means) or biased against any course of action other than settling with creditors. The author writes from the viewpoint that bankruptcy is the worst thing you could possibly do, but never backs up that claim with any information. I was left with the impression that the author himself isn't really sure what effect bankruptcy has.
In fact, the author's pervasive use of generalities and unrealistic suggestions made me think he doesn't actually know that much about credit (despite his alleged qualifications). For example, he repeatedly suggests bargaining with your creditors that you will pay part of your debt if they remove negative information they have already reported to the credit bureaus. But the author seems oblivious to the fact that the credit bureaus have specific rules against creditors doing this. Numerous such suggestions ruin the author's credibility.
At best, this book might be helpful as motivation to action for someone who lives behind his or her means. But if your debts are the result of unfortunate and unavoidable events in your life, and you are ready to take decisive action to get your debt under control and your credit back on track, you will find this book preachy and unhelpful.
This is the best resource currenty available ..........2005-11-05
... for learning how to settle unsecured debt such as credit card debt. It is comprehesive and yet concise. There is no BS or fluff and it touches on every area of the landscape you need to be aware of when trying to settle unsecured debt on your own. Even though there is one far more powerful solution to settling credit card debt that is not discussed in this or any other book that I have read on this subject, I still gave the book five stars because all of the information contained in it is essential to know and is very well presented. As such, this book is the ideal starting point for learning about how the business of debt and collection works and how to deal with it. I highly recommended it.
Book Description
To keep pace with the recent major changes in bankruptcy law, noted author Brian Blum presents a completely revised edition of his popular study guide, "Bankruptcy and Debtor/Creditor: Examples & Explanations." This comprehensive text is well known for its effectiveness in helping students understand the many rules, principles, and policies of the area.
Customer Reviews:
Excellent Primer on Bankruptcy.......2007-07-21
I am an experienced lawyer and regularly read books (usually one-volume treatises) outside my practice area. Comprehensive books on bankruptcy are hard to find, and I purchased Blum's for lack of any alternative. The book is well organized, clearly written, and contains a lot of information. Even the attempts at humor are generally successful.
To offer some unsolicited advice to law students, I don't recommend using this or any supplementary texts in your courses. Stick with the casebook and other materials the instructor assigns. It may seem as if this requires more effort to learn the subject than is warranted, but you won't regret it. You'll never have the time once you start working to reread and think about cases that you have while in school. That 3 years may seem like a long time, but if you take it seriously you will benefit significantly throughout your career. It is surprising how often I encounter exprienced lawyers who are ignorant of matters I learned in law school (now long past) and still remember.
The right tools.......2007-04-24
If you are taking an introductory course in Bankruptcy, get a copy of this book - And use it! If your course also includes Chapter 11 Reorganizations, I would also recommend that you get a copy of Chapter Chapter 11 Business Reorganizations: For Business Leaders, Accountants And Lawyers. They are useful before exams. But I recommend getting them at the start of the semester.
Excellent.......2007-04-10
This is a great supplement that covers the 2005 changes in the code. Watch out for other supplements that are still owrking off of the pre-2005 amendments.
Awesome.......2007-01-03
This book made the new bankruptcy code changes actually easy to understand. It saved my life and my grade!
Good job.......2004-05-10
The author did a good job organizing the information in this book.
I would also recommend Surviving Financial Disasters by Tiffany R. Love which comes with a CD ROM and actual sample court documents from someone who has been there and done that. Also tells what to expect after you filed your papers.
Customer Reviews:
Excellent as a textbook.......2006-11-22
I use this book in teaching a Bankruptcy class to California paralegal students. It is an excellent introduction to the bankruptcy system, and includes discussions of both consumer and business bankruptcies (with a definite emphasis on the consumer side). I expecially appreciate the thorough treatment of the BAPA (laws that changed in October 2005).
Book Description
The most trusted names in workouts and turnarounds share their valuable strategies Compiling insights and methods from industry experts, this authoritative and practical guide cuts through the maze of corporate restructuring jargon to give corporate leaders and professionals the proven techniques and clear advice needed to understand today's corporate turnarounds and workouts. Workouts & Turnarounds II: Global Restructuring Strategies for the Next Century gives detailed coverage of the key issues involved in this process-from both the creditor and company positions. You'll learn how to identify a troubled company and determine the chances of turnaround, and what management should focus on before it's too late. One of the leading authorities in financial and operational restructuring services, Dominic DiNapoli has assembled experts from around the country who have provided their insights and years of experience in the various topics covered in this book. From business regeneration tactics, to managing corporate communications, to the roles of lawyers and lender services, you'll find a wealth of information in this comprehensive reference. In addition, this guide contains case studies of turnarounds in progress, illustrating many of the techniques and strategies currently available. Whether you are a CEO, an attorney, or a lender restructuring or investing in distressed companies, Workouts & Turnarounds II: Global Restructuring Strategies for the Next Century gives you the crucial information you need to make the right decisions today.
Customer Reviews:
Not to the point.......2002-08-23
This book will explain how the rules were created and turned to what they are today. Who cares how they came to be, the only important thing is what you can and cannot do under the circumstances. It will explain what to consider, in general terms, when valuing distressed companies. But what discount rate should you use? How would you value different assets? It doesn't explain. There are no numbers in this book. It's not practical. It's like buying a cooking book and when you want to know how to make a cake the book reads: "use eggs, milk, flower and mix". Ok, thanks.
What to Do...What Not to Do.......2000-05-09
Every executive should make active use of a basic reference library of about 12-15 business books; Workouts & Turnarounds II should be one them. Edited by Dominic DiNapoli, it consists of 21 different chapters, written (or co-authored) by experts on various subjects. These chapter titles suggest some of the issues which are addressed:
* Trouble-Spotting: Assessing the Likelihood of a Turnaround
* Looming Financial or Business Failure: Fix or File -- A Legal Perspective
* Preparing for Bankruptcy: Building the War Chest
* The Lawyer's Role in Representing the Distressed Company
* The Accountant's Role in the Workout Environment
* Dealing with Employee Issues in a Bankruptcy Situation
* Mergers and Acquisition Strategies for the Distressed Company
At one time or another, all organizations experience serious problems. Many of them eventually recover. The wealth of information and advice provided in this single volume explains HOW. Other organizations, unable to solve their problems, are either liquidated or acquired. This book explains WHY. I know of no other single volume which offers more and better information about workouts and turnarounds, corporate restructuring, and bankruptcy proceedings. This book can be of substantial value to those involved with a distressed organization. It was written primarily for them. However, I think this book can also be of substantial value to those whose organization is (at the moment) thriving and who are determined to sustain that success. Knowing what NOT to do is often as important as knowing what to do.
Book Description
A comprehensive look at the enormous growth and evolution of distressed debt, corporate bankruptcy, and credit risk default
This Third Edition of the most authoritative finance book on the topic updates and expands its discussion of corporate distress and bankruptcy, as well as the related markets dealing with high-yield and distressed debt, and offers state-of-the-art analysis and research on the costs of bankruptcy, credit default prediction, the post-emergence period performance of bankrupt firms, and more.
Edward I. Altman (New York, NY) is the Max L. Heine Professor of Finance at the Stern School of Business, New York University. He received his MBA and PhD in finance from the University of California, Los Angeles. Edith Hotchkiss (Chester Hill, MA) is Associate Professor of Finance at Boston College. She received her PhD from the Stern School of Business and her BA from Dartmouth College.
Download Description
A comprehensive look at the enormous growth and evolution of distressed debt, corporate bankruptcy, and credit risk default This Third Edition of the most authoritative finance book on the topic updates and expands its discussion of corporate distress and bankruptcy, as well as the related markets dealing with high-yield and distressed debt, and offers state-of-the-art analysis and research on the costs of bankruptcy, credit default prediction, the post-emergence period performance of bankrupt firms, and more. Edward I. Altman (New York, NY) is the Max L. Heine Professor of Finance at the Stern School of Business, New York University. He received his MBA and PhD in finance from the University of California, Los Angeles. Edith Hotchkiss (Chester Hill, MA) is Associate Professor of Finance at Boston College. She received her PhD from the Stern School of Business and her BA from Dartmouth College.
Customer Reviews:
Excellent research & source book.......2006-12-31
High quality data and right up to date (Autumn 2006). The book is helpfully divided into two parts ~ the first half explains many of the useful topics needed to understand restructured debt and corporate distress and the second half gives detailed advice on building or understanding typical models on default probablities and the risk return assessment of distressed debt together with practical examples of valuing distressed companies and their debt. It also includes summaries of the legal implications, but there are much better books on that subject. I thought this was good value for the money.
More relevant than you think........2006-11-16
Most people in the investing world don't read this book. But they should. It's a textbook so not something to breeze through at the beach. However, the techniques described in the book are very applicable to any company, not just those in disress or bankruptcy. In fact I did some work on EMC many years ago when they *appeared* to be growing rapidly but in reality they were getting into trouble. This was way back in the early 1990's when the stock collapsed from $78. Having shared my analysis with Wall Street types at the time I soon found myself there!
The main point is you can use this type of analysis effectively and because most people in general equity investing don't, it just might give you a bit more edge.
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- Getting to Maybe: How to Excel on Law School Exams
- Godless: The Church of Liberalism
- Good Intentions Corrupted: The Oil for Food Scandal And the Threat to the U.N.
Books Index
Books Home
Recommended Books
- White Like Me: Reflections on Race from a Privileged Son
- The Lost Apostle: Searching for the Truth About Junia
- Molecular Interactions of Actin: Actin-Myosin Interaction and Actin-Based Regulation
- The Autobiography of an Ex-Colored Man
- Pretty Little Things: Collage Jewelry, Trinkets, Keepsakes
- The Dirt: Confessions of the World's Most Notorious Rock Band
- Storey's Guide to Raising Dairy Goats: Breeds, Care, Dairying
- Creative Jolt
- Samurai Sword: A Handbook
- No Small Thing
General
| Popular Economics
| Business & Investing
| Subjects
| Books
Corporate Financial Distress and Bankruptcy: Predict and Avoid Bankruptcy, Analyze and Invest in Distressed Debt , 3rd Edition
The Vulture Investors, Revised and Updated
Standard & Poor's Fundamentals of Corporate Credit Analysis
High Yield Bonds: Market Structure, Valuation, and Portfolio Strategies
Bankruptcy Investing - How to Profit From Distressed Companies
