Customer Rating: Summary: A Real Snore But Worth The Extra Effort Comment: This book is a collection of academic papers on the subject of corporate bankruptcy and distress. The writers present an excellent but somewhat repetitive body of information in a very passive manner. As such, the book is a real snore! So if you choose to read it, drink an extra large Starbucks coffee and bear down. I found reading it well worth the effort. Given the real human issues, hardships, brinkmanship, and huge volume of case work involved in bankruptcy and distress, the subject matter could have been presented in a much more entertaining manner. Customer Rating: Summary: Too Academic Comment: The book is a composite of ideas presented at a conference, is far too academic and fails to capture the concept of "Investment Opportunities" as the title suggests. Although information and data regarding the violation of absolute priority is interesting it is repeated over and over again by different authors. Repeative information is a problem since each chapter is a discussion by a different author. Customer Rating: Summary: Too dated and theoretical to be practical use Comment: This book was originally published in 1991. The reprint has not been updated so the material is very dated. I found little of practical use in this book and would recommend Bankruptcy Investing by Ben Branch instead.
Seventeen substantial papers presented at an innovative 1991 conference to study and discuss corporate distressed restructurings and bankruptcies, including bankruptcy costs and distressed firm values, investing and trading, and strategic issues.
