Creating Value Through Corporate Restructuring: Case Studies in Bankruptcies, Buyouts, and Breakups: 544 (Wiley Finance)

One of the best and authoritative book on this topic. A must read for everyone in this industry.

This book is exceptional. It starts with providing the reader with the basics of distressed situations: the parties involved in restructuring, academic research regarding investment returns, the bankruptcy process, etc. The remainder of the book in primarily composed of case studies grouped into three categories (1) liability restructuring, (2) asset/equity restructuring, and (3) restructuring employee's claims. The cases are exceptionally well written. Many reviewers complain that the book would be better with a supplement that discusses "solutions" to the cases. I agree, those would be nice to have. However, the author uses his book to conduct his Harvard MBA course on restructuring. The value of the cases would obviously be compromised if answers were released. Maybe he will do so when he retires. For those interested in restructuring, the following is a list of my favorite books organized by subject area. Bankruptcy process: 1. The Executive Guide to Corporate Bankruptcy - Legal text with comprehensive coverage on the bankruptcy process Strategies of distressed investors: 1. The Art of Distressed M&A - Good book for strategic buyers who want to purchase the company or a business unit prior to bankruptcy or through a section 363 transaction during bankruptcy 2. Distressed Debt Analysis - Good book for hedge fund managers who are looking to purchase distressed debt usually to extract short-term profits. Structural arbitrage is only briefly discussed. Turnaround Management: 1. Corporate Recovery - Discusses how to turnaround companies nearing, but not in, bankruptcy 2. Corporate Turnaround - Discusses how to turnaround companies nearing, but not in, bankruptcy Accounting for Restructuring: Advanced Accounting by Hoyle, Schaefer, Doupnik - Excellent coverage of fresh start accounting and NOL preservation. Note that only one chapter in the book covers bankruptcy accounting but this will be the same for all advanced accounting texts. Note, Principles of Corporate Renewal and The Vulture Investors are supposed to good as well but I have not read them yet.

This is among the best books on Corporate Finance I have ever come across. This should be a must read book for anyone having any interest in Corporate Finance. Written by a world-renowned scholar, it covers the subject in significant detail.

Prof. Gilson's book is required reading for all of my students at Yale Law School and Yale School of Management, and I think it should be required reading for anyone involved in distressed investing. Chapter 2 is an especially useful primer on the U.S. bankruptcy process, and the technical notes in the appendix are an invaluable resource for more experienced readers seeking to understand the nitty-gritty of the valuation issues in corporate restructuring. Through the leading cases in the field, this book demystifies the esoteric world of distressed investing, which promises to provide exciting and profitable opportunities for many years to come as the LBO boom unwinds.

I think it's worth an ALERT: this is a case book and let me be clear, there is only an array of cases (facts, financial statements, description of situation), no studies. Hence it's a waste of time if you are trying to self-study. There is nothing to learn in this book, unless you are in the author's class that uses this book as the teaching material. To make up for that learning experience, you need the group discussion and the teaching, which is only available in the classroom. The book facts are 5% of the value of the course. The correct name of the book should be : case materials for HBS corporate structuring course, no studies included. 100% Avoid if you are buying for self study. Again, I don't care if this book is meant to be used in the classroom and "therefore the author cannot reveal the solutions". As customers, I feel cheated and as seller and writer, it should be their responsibilities to make it clear what the book is and is not. I bought this and shipped it to Asia paying 50 bucks of shipping fee and I think it's fair to say I'm cheated.

Love it! Lots of case studies. Background info on each case, financial info and outcome. It’s great for restructuring knowledge on what happens to a company? What solution could you use depending on which industry and company case. Very helpful. Academic book. There are questions at the end of each case but no answers.