Over the last 30 years, the distressed debt market has come a long way and is now a legitimate investment asset class … indexes of performance of defaulted bonds and bank loans. The results show that the investment performance in distressed debt … the debt and market timing. This is due perhaps to favorable changes for creditors in the US bankruptcy code in 2005 …

descriptive and analytical “white” paper on what was generally known as “distressed” debt. This resulted in two monographs, one on … defaulted on their debt obligations and were in their restructuring, usually Chapter 11, phase. The former was categorized … Literature Review, later). The purpose of this article is to document the descriptive anatomy of the distressed debt markets size …