Business Bankruptcy

Business Bankruptcy: Financial Restructuring and Modern Commercial Markets provides students with a contemporary stand-alone business bankruptcy text. Designed to teach financial restructuring law in a realistic twenty-first century commercial context, the book uses problem sets to explore not only Chapter 7 and 11 bankruptcy, but also out-of-court restructuring, modern financial products and transactions, and advanced in-court restructuring topics. New to the Second Edition: - Clear thematic structure emphasizing the limitations on out-of-court restructuring and how bankruptcy attempts to address those limitations
- Reorganized chapter flow tracking traditional order of bankruptcy topics
- Substantially condensed text through elimination of extra cases and statutory excerpts
- Updated problem sets, including coverage of privacy issues in bankruptcy sales and capstone strategic issues
- Expanded coverage of out-of-court restructuring
- New chapters providing overview of bankruptcy process and summary comparing issues in out-of-court and in-court restructuring
Professors and students will benefit from: - Unique coverage of out-of-court restructuring providing students with realistic view of contemporary restructuring practice and showing what Chapter 11 adds to the financial restructuring toolkit
- Detailed coverage of modern financial products and markets-derivatives, securitization, loan syndications, and claims trading-familiarizing students with the dynamics of the modern restructuring landscape
- Comprehensive expository text clearly explaining the operation of the Bankruptcy Code and the policy issues involved
- In-depth case-studies contextualizing judicial decisions within the larger strategic picture
- Incorporation of actual deal documents, including a bond indenture, a loan syndication agreement, ISDA Master Agreement, and a restructuring support agreement
- Modular design enabling optional coverage of advanced topics