Strategic Bankruptcy: How Corporations and Creditors Use Chapter 11 to Their Advantage
Author: Kevin J. Delaney
List Price: $18.95
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ISBN: 0520073592
Publisher: University of California Press (January, 1999)
Sales Rank: 126,138
Average Customer Rating: 3.2 out of 5
Customer Reviews
Rating: 5 out of 5
Excellent to understand corporate strategies
This was a very clear and cleverly written overview of the ways in which corporations and commercial creditors use bankruptcy in new ways-- as strategies to gain things they desire. The author makes a very convincing argument that bankruptcy does not mean that you are broke anymore. In fact, if you hear about a company declaring bankruptcy, there is a good chance that there is some strategy behind it. After reading this book, you will never look at business bankruptcy the same way again.
Rating: 1 out of 5
Don't Bother
The author should have stuck with sociology or at least taken an accounting class before writing this book. Overall, the book is what you would expect from a sociologist writing about business.
Rating: 5 out of 5
Corporate bankruptcy can be a STRATEGY!
I wanted to learn more about the asbestos problem and the bankruptcy filing of John-Mansville since I knew someone who had lung problems from asbestos. I heard about this book and got it. This is the first thing that I have read that really helped me to understand what happened when Mansville, the biggest asbestos company went bankrupt. The book is clear and explains complicated bankruptcy cases to the lay person. Now, I finally understand why people with asbestosis ended up going through years of delay in BANKRUPTCY court of all places! What is most amazing is how people who get asbestos end up being treated like "unsecured creditors" as if they lent their life to the corporation like a bank loan! Truly amazing. Similar Products
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