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Corporate Financial Distress, Restructuring, and Bankruptcy

Corporate Financial Distress, Restructuring, and Bankruptcy

Author: Edward I. Altman

Publisher: John Wiley & Sons

ISBN: 9781119481805

Category: Business & Economics

Page: 375

View: 399

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A comprehensive look at the enormous growth and evolution of distressed debt markets, corporate bankruptcy, and credit risk models This Fourth Edition of the most authoritative finance book on the topic updates and expands its discussion of financial distress and bankruptcy, as well as the related topics dealing with leveraged finance, high-yield, and distressed debt markets. It offers state-of-the-art analysis and research on U.S. and international restructurings, applications of distress prediction models in financial and managerial markets, bankruptcy costs, restructuring outcomes, and more.

Corporate Financial Distress and Bankruptcy

Corporate Financial Distress and Bankruptcy

Author: Edward I. Altman

Publisher: John Wiley & Sons

ISBN: 9781118046043

Category: Business & Economics

Page: 439

View: 530

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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.

Corporate Financial Distress, Restructuring, and Bankruptcy, 4th Edition

Corporate Financial Distress, Restructuring, and Bankruptcy, 4th Edition

Author: Edward Altman

Publisher:

ISBN: OCLC:1119127495

Category:

Page: 368

View: 445

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A comprehensive look at the enormous growth and evolution of distressed debt markets, corporate bankruptcy, and credit risk models This Fourth Edition of the most authoritative finance book on the topic updates and expands its discussion of financial distress and bankruptcy, as well as the related topics dealing with leveraged finance, high-yield, and distressed debt markets. It offers state-of-the-art analysis and research on U.S. and international restructurings, applications of distress prediction models in financial and managerial markets, bankruptcy costs, restructuring outcomes, and more.

Corporate Financial Distress, Restructuring, and Bankruptcy

Corporate Financial Distress, Restructuring, and Bankruptcy

Author: Edward I. Altman

Publisher: Wiley

ISBN: 1119481805

Category: Business & Economics

Page: 368

View: 532

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A comprehensive look at the enormous growth and evolution of distressed debt markets, corporate bankruptcy, and credit risk models This Fourth Edition of the most authoritative finance book on the topic updates and expands its discussion of financial distress and bankruptcy, as well as the related topics dealing with leveraged finance, high-yield, and distressed debt markets. It offers state-of-the-art analysis and research on U.S. and international restructurings, applications of distress prediction models in financial and managerial markets, bankruptcy costs, restructuring outcomes, and more.

Corporate Financial Distress

Corporate Financial Distress

Author: Alberto Tron

Publisher: Emerald Group Publishing

ISBN: 9781839829826

Category: Business & Economics

Page: 240

View: 834

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Financial distress and crises for businesses can be used to implement substantial organizational changes and turnaround the damage done to achieve financial equilibrium in the short term and financial stability in the long term. Plans, methodology and tools are provided here to examine how this turnaround can be achieved.

Financial Distress, Corporate Restructuring and Firm Survival

Financial Distress, Corporate Restructuring and Firm Survival

Author: Philipp Jostarndt

Publisher: Springer Science & Business Media

ISBN: 9783835094376

Category: Business & Economics

Page: 201

View: 463

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Philipp Jostarndt studies distress-induced changes in ownership and control, success factors in distressed equity infusions, and firms’ choice between in- and out-of-court debt restructurings. In addition, he analyzes the determinants of survival, acquisition, and bankruptcy as alternative paths to exit financial distress. He includes both the firm perspective as well as the market valuations of the undertaken restructurings and, where applicable, relates the findings to the microstructure of Germany’s revised bankruptcy legislation.

Corporate Financial Distress and Bankruptcy 3E with Applied Mergers and Acquisitions Set

Corporate Financial Distress and Bankruptcy 3E with Applied Mergers and Acquisitions Set

Author: Edward I. Altman

Publisher: John Wiley & Sons

ISBN: 0470546069

Category: Business & Economics

Page: 1029

View: 446

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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.

Corporate Financial Distress and Bankruptcy

Corporate Financial Distress and Bankruptcy

Author: Edward I. Altman

Publisher: Wiley

ISBN: 0471552534

Category: Business & Economics

Page: 384

View: 875

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Predict, Avoid, Manage—and Even Profit From—Bankruptcy With this new Second Edition of the first definitive guide This new edition of the premier business failure, insolvency, default, and bankruptcy guide provides financial professionals of every stripe with a master reference to the latest banking, credit, investment, legal, financial, and management thought and practice. To help readers combat corporate distress in the ’90s and beyond, distinguished author Edward I. Altman includes coverage of… Unique statistical tools—author-developed techniques for assessing firms’ distress potential, measuring debt price movements, benchmarking debt investor and market performance, establishing the present value of loans, and so much more. Junk bonds—Altman revisits this market to provide an in-depth analysis of the role and risk-return trade-offs of this controversial source of finance Emerging trends—complete explorations of debtor-in-possession lending, prepackaged bankruptcy, and the epidemic of fraudulent conveyance suits resulting from ill-conceived restructurings An evaluation of the Chapter 11 process, now under public scrutiny and criticism Bankruptcy reorganization case histories—real-world data to help readers carry out debtor valuation analyses and restructurings, featuring Duplan Corporation and Wheeling Pittsburgh Steel Corporation With this wealth of authoritative information and practical guidelines, bankruptcy creditors, debtors, investors, and third party professionals will have everything they need to predict, avoid, manage, and profit from corporate distress. "Corporate Financial Distress and Bankruptcy is an excellent analysis of an increasingly important topic. Professor Altman is the premier scholar in this area, and this book is a fitting reflection of that scholarship." —Ben Branch, Trustee Bank of New England Corporation Professor of Finance, University of Massachusetts "Corporate Financial Distress and Bankruptcy is an indispensable resource for all who are interested in bankruptcy. Ed Altman has collected, in a single volume, the history, legislative facts, statistics and analytic methods that I search for time and time again. This book is outstandingly comprehensive and up-to-date." —Martin S. Fridson, Managing Director Securities Research and Economics, High Yield Research Group Merrill Lynch

The Financial Restructuring of a Company in Financial Distress

The Financial Restructuring of a Company in Financial Distress

Author: Drago Dević

Publisher: GRIN Verlag

ISBN: 9783346056092

Category: Business & Economics

Page: 112

View: 988

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Master's Thesis from the year 2018 in the subject Business economics - Business Management, Corporate Governance, grade: 5.00 (very good), Josip Juraj Strossmayer University of Osijek (Faculty of Economics in Osijek), language: English, abstract: Every company has a unique life cycle. Throughout the life cycle, companies are tracking successes and failures, depending on the various factors that affect their business. Situations such as financial distress , idleness, or bankruptcy represent the fundamental levels of a company's life cycle. The purpose of the paper is to present the financial restructuring of the company in business problems on the example of the Agrokor Group. This paper describes the operations of the Agrokor Group from 2007 to 2017, ie it is divided into business analysis prior to the extraordinary administration and in the procedure of extraordinary administration. The characteristics of Agrokor Group's operations prior to extraordinary administration are: low liquidity and negative working capital over the observed period, extended payment of obligations to suppliers ranging from 110 to 211 days, ie 156 days on average, increased indebtedness and high indebtedness and insolvency in 2016, solid Group's activity ratios , positive profitability by 2015. With the advent of extraordinary administration , inappropriate corporate governance has been identified, and audit results show that accounting irregularities and potential illegal actions have been identified. Claims recognized amounted to HRK 31.04 b illion , while disputed claims amounted to HRK 10.4 b illio n. The Group has a financial arrangement of EUR 1.06 billion with super senior status. In addition, the complex structure of claims is emphasized. Bearing in mind all the above, the Group's financial restructuring is possible with the new corporate structure, the new capital structure, the allocation of financial instruments to stakeholders. Returns to creditors should be defined by the entity's priority model. Group value would be distributed among stakeholders based on their legal rights, ie the model's rank. The value of each claim claimed is determined by the fraction of the total distributable value that it needs to receive. After that, it will determine how many depositary receipts and the exchangeable bonds each creditor receives.

Bankruptcy & Distressed Restructurings

Bankruptcy & Distressed Restructurings

Author: Edward I. Altman

Publisher: Beard Books

ISBN: 189312200X

Category: Law

Page: 436

View: 540

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Papers from a conference held March 1991 under the joint sponsorship of the New York University Salomon Center and a number of interested corporate contributors

Creating Value Through Corporate Restructuring

Creating Value Through Corporate Restructuring

Author: Stuart C. Gilson

Publisher: John Wiley & Sons

ISBN: 0471405590

Category: Business & Economics

Page: 536

View: 808

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This work is a collection of case studies illustrating real-world techniques, implementation, and strategies on corporate restructuring. They examine the numerous companies and trillions of dollars involved in corporate restructuring since the 1980s.