Overview
This resource-intensive guide provides the business professional, including the troubled company executive, credit manager, workout professional and investor in distressed debt or equity, with a guided tour through the intricacies of the bankruptcy process in a concise and readily understood manner. The authors, all seasoned professionals, walk the reader through the stages of a Chapter 11 proceeding while addressing the business realities and dynamics affecting the diverse and often competing constituents involved in the restructuring process. To assist the reader in navigating through this new world, there is an extensive and detailed examination of the terminology used in the bankruptcy world to enable those going through the process to better understand the language and rules of this unique process. The text of this 170-page book is accompanied by sample documents commonly encountered during the reorganization process with a brief explanation of what the documents are intended to accomplish, as well as informative charts, all set forth in a series of Appendices containing documents from actual Chapter 11 cases.This book will be of interest to corporate executives, boards of directors, investors, creditors, bankruptcy professionals, and anyone contemplating entry into the business restructuring arena. As the authors say in the opening chapter: "Read on...the game is indeed afoot!"
Synopsis
The authors of this text are specialists in the area of reorganization and restructuring for the international law firm of Squire, Sanders & Dempsey, L.L.P., and have represented clients in the U.S. and abroad. Their guide explains the basics of the reorganization process from a business person's perspective, including what the Bankruptcy Code is all about, the new players in restructuring and their roles, the new realities for the troubled business entity, business operations within the context of a bankruptcy proceeding prior to approval of a plan for reorganization, what is and is not possible in a reorganization plan, and ten myths about bankruptcy. Intended for corporate executives, boards of directors, investors, creditors, bankruptcy professionals, and anyone considering business restructuring. Annotation c. Book News, Inc., Portland, OR (booknews.com)