Wheeling and dealing
This article addresses strategies used by creditors to take control of businesses in bankruptcy. The creditors are able to convert their debt to equity ownership by acquiring a significant amount of the companies’ outstanding debt and then controlling the bankruptcy process. The article provides an example of this process. Further, the risks concomitant with the debt acquisition strategy are discussed.
Year of publication: |
2004
|
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Authors: | Scherrer, P. Scott |
Published in: |
Corporate Governance: The international journal of business in society. - Emerald Group Publishing Limited, ISSN 1758-6054, ZDB-ID 2108826-3. - Vol. 4.2004, 2, p. 69-73
|
Publisher: |
Emerald Group Publishing Limited |
Subject: | Turnarounds | Bankruptcy | Bonds | Financial restructuring | Debt | Financial control |
Saved in:
Online Resource
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