Table of Contents
Preface xxix
1 Trouble Spotting: Assessing the Likelihood of a Turnaround 1Dominic DiNapoli and Elliot FuhrPricewaterhouseCoopers LLP
2 Looming Financial or Business Failure: Fix or File – A Legal Perspective 21Harvey R. MillerWeil, Gotshal & Manges LLP
3 Preparing for Bankruptcy: Building the War Chest 45Joel NitzbergPricewaterhouseCoopers LLP
4 Business Regeneration: Early Detection – Early Intervention 54R. Carter PatePricewaterhouseCoppers LLP
5 Spin Control: Managing Internal and External Communications 74Michael S. SitrickSitrick & Company
6 The Lawyer’s Role in Representing the Distressed Company 85Lewis Kruger and Robin E. KellerStroock & Stroock & Laven LLP
7 At the Front of the Line: The Secured Creditor 108Chaim J. Fortgang, Seth Gardner, and David R. CaroWachtell, Lipton, Rosen, & Katz
8 Representing the Unsecured Creditors’ Committee in Insolvency Restructurings 156David S. Kurtz, Jeffrey W. Linstrom, and Timothy R. PohlSkadden, Arps, Slate, Meagher & Flom LLP
9 Lender Services: Let the Lender Beware! 191Robert S. Paul and Kris CoghlanPricewaterhouseCoopers LLP
10 Financing Alternatives for Troubled Companies 215William C. RepkoThe Chase Manhattan Bank, N.A.
11 Valuation of Companies within Workout and Turnaround Situations 225Thomas J. Milton, Jr. and Shannon P. PrattWillamette Management Associates
12 Market Dynamic and Investments Performance of Distressed and Defaulted Debt Securities 238Edward I. AltmanNew York University
13 International Restructuring: Overcoming Cross-Border Hurdles in South America 253Deborah M. Smith, PricewaterhouseCoopers LLP and Jeffrey A. SellThe Chase Manhattan Bank, N.A.
14 Asian Markets 279M. Freddie ReissPricewaterhouseCoopers LLP
15 The Accountant’s Role in the Workout Environment Beyond “Bean Counting” 303DeLain E. GrayPricewaterhouseCoopers LLP
16 Dealing with Employee Issues in a Bankruptcy Situation 328Robert J. Rosenberg and David S. HellerLatham & Watkins
17 Financial Aspects of Bankruptcy Disputes 349Harvey R. Kelly and Daniel V. DooleyPricewaterhouseCoopers LLP
18 Tax Planning in Corporate Reorganizations 378Mitchel R. AederPricewaterhouseCoopers LLP
19 The Retail Industry – Trends in the Next Century 399Kevin ReganPricewaterhouseCoopers LLP
20 A New Paradigm Emerges 416Jack Barthell, Pat Leardo, and Mitch M. RoschellePricewaterhouseCoopers LLP