This article will provide insights on the implications of merger legislation on corporate debt restructuring. Thus, apart from the analysis of competition legislation surrounding mergers, it also includes a brief analysis of the restructuring process during which the failing firm may be invoked...

Altman's Z-Score is one of the best known, statistically derived predictive models used to forecast a firm's impending bankruptcy. Altman's model utilises multiple discriminant analysis (MDA). MDA is used to classify an observation into one of two or more groups that have been established by the...

Although businesses may have varying purposes, the main objective is the same for all of them and it is simply avoiding bankruptcy. Since a company's bankruptcy is critical for not only its stakeholders but also for the oth- er parties such as its suppliers and creditors, the ability to diagnose...