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

Olympia & York and Maxwell Communications...;Executive Life Insurance and Mutual Benefit Life...;Campeau and Macy's...;Continental Airlines and TWA. The number of billion-dollar-plus firms filing for bankruptcy in the 1981 to 1983 recession was seven. Thirty-three filed from 1988 to 1992! Predicting, avoiding, managing, and profiting from corporate distress has never been bigger business. Leading international authority Edward I. Altman's Second Edition of Corporate Financial Distress and Bankruptcy describes a vast range of tools and techniques for anticipating financial crisis...;managing turnarounds...;and dealing with the complex legal, accounting, and investment consequences of bankruptcy. You'll find updated information on...;Distressed firm investing-a unique, author-developed index that measures defaulted debt price movements and bench-marks market and investor performanceDistress assessment-a range of robust and practical statistical models for classifying and assessing the distress potential of firmsCredit assessment-a powerful statistical framework for bank loan valuation that establishes criteria for loan or investment loss reserves and even gives pricing guidelines for the commercial loan providerPresent value assessment-an innovative technique for deriving the present value of loans that enables banks to keep up with accounting standards that require assets and liabilities to be marked at market or 'fair' valuesTurnaround techniques-how to apply this book's failure prediction models to help corporations return to financial health, including an illustrative case history featuring the GTI CorporationLiterature review-throughout the book, the author evaluates the latest scholarly investigations into theoretical, empirical, and normative issues surrounding distressed firmsInternational dimension-a bibliography of failure prediction models applied outside the U.S. with a large number of industrialized and even third-world economy examplesIf the bankruptcy business is booming-and a record number of defaults in 1991 suggests it surely is-then this new edition of Corporate Financial Distress and Bankruptcy is the best business news for quite some time.Altman, Edward I. is the author of 'Corporate Financial Distress and Bankruptcy A Complete Guide to Predicting & Avoiding Distress and Profiting from Bankruptcy', published 1993 under ISBN 9780471552536 and ISBN 0471552534.