Synopses & Reviews
The number of corporate bankruptcy filings continues to rise through good economic times and badproof that more and more organizations recognize bankruptcy as a flexible, powerful tool for negotiating periods of fiscal duress. At the same time, corporations must be aware of the variety of alternatives to bankruptcy that may be more appropriate in their case, as well as understand the dynamics, choices, and options that are available throughout the bankruptcy process. Corporate Bankruptcy: Tools, Strategies, and Alternatives provides debtors, creditors, and financial professionals with an authoritative, step-by-step guide to every aspect of the Bankruptcy Code, creating a viable blueprint for ensuring a companys financial survival.
Grant Newton walks readers through every step of the bankruptcy process, acknowledging the needs and objectives of the three principal parties in any bankruptcy case: the debtor, the creditor, and the bankruptcy estates trustee. He begins by posing the two questions that any company facing possible bankruptcy should ask itself: (1) Should the business liquidate or reorganize? and (2) Should the liquidation or reorganization take place out of court or in bankruptcy court? The debtors history, size, debt structure, nature of problems, and future outlook will be the primary determinants in choosing a course of action. Newton delivers seasoned guidance on all of these options, focusing on six critical steps for reorganization, whether it takes place out of court or under the auspices of chapter 11:
- Management change
- Situation analysis
- Design and selection of turnaround strategy
- Emergency action
- Business restructuring
- Return-to-normal
Corporate Bankruptcy begins by covering the selection of alternative and pre-bankruptcy planning, the impact of a bankruptcy claim, and the nuts-and-bolts administration of the case. Newton then devotes chapters to claims, the recovery of property, the liquidation and discharge of claims, and business valuation. The book concludes by analyzing the intricacies of chapter 11 reorganization, as well as accounting and reporting issues and the retention and compensation of professionals.
No company should proceed toward a possible bankruptcy claim without a thorough understanding of the implications of all the available options. Corporate Bankruptcy provides CEOs, CFOs, controllers, and treasurers, as well as financial advisors and other professionals involved with bankruptcy filing, the tools they need to succeed.
Synopsis
A far-reaching guide to bankruptcy alternatives, administration, and recovery
Corporate Bankruptcy discusses the provisions of the Bankruptcy Code and how it affects corporations that are considering filing for bankruptcy protection. Providing financial managers an overview of the steps involved in declaring corporate bankruptcy, this comprehensive guide also explores alternatives to bankruptcy, Chapter 11 reorganization, recovery of property, business valuation, and finance and accounting issues.
Grant Newton, CPA, CIRA, CMA (Medford, OR), is a Professor of Accounting at the Graziadio School of Business and Management, Pepperdine University.
Synopsis
A step-by-step guide to liquidating and reorganizingin court and out
"The book will be an excellent road map for dealing with the intricacies of dealing with companies in restructuring and bankruptcy. It promises to be the one place to comprehensively evaluate the legal and practical problems facing both debtors and creditors."
Stephen B. Darr
Partner, Corporate Recovery
KPMG LLP
"I found Dr. Newtons new book, Corporate Bankruptcy: Tools, Strategies, and Alternatives, to be authoritative, comprehensive, and as current as todays newspaper. Grant brings simplicity and understandability to a very complex area. This book would be useful as an in-depth guide for the novice or as a valuable, must-have reference tool for the experienced practitioner."
John Tittle Jr., CPA, CIRA
Partner and Texas Practice Leader
Deloitte & Touche Reorganization Services
"Grant Newtons Corporate Bankruptcy: Tools, Strategies, and Alternatives is a must-have reference for all bankruptcy practitioners. Useful to even the most seasoned professional, Professor Newtons work is replete with practical real-life insights, problem identification, and topical case citations. His in-depth coverage of key issues makes this book appropriate for attorneys, bankers, financial advisors, and workout professionals."
Kenneth J. Malek, CPA, CIRA
Navigant Consulting, Inc.
"As a restructuring professional I have used Professor Grant Newtons Bankruptcy and Insolvency Accounting as a definitive reference guide for many years. In Corporate Bankruptcy, Newton has written a useful and very usable guide for the executive looking for a working understanding of the bankruptcy process, its benefits, and its challenges for companies and their creditors."
James M. Lukenda, CIRA
Managing Director, Huron Consulting Group LLC
President, Association of Insolvency and Restructuring Advisors
Synopsis
very usable guide for the executive looking for a working understanding of the bankruptcy process, its benefits, and its challenges for companies and their creditors."
James M. Lukenda, CIRA
Managing Director, Huron Consulting Group LLC
President, Association of Insolvency and Restructuring Advisors
Synopsis
No company should proceed toward a possible bankruptcy claim without a thorough understanding of the implications of all the available options.
Corporate Bankruptcy provides CEOs, CFOs, controllers, and treasurers, as well as financial advisors and other professionals involved with bankruptcy filing, the tools they need to succeed.
Order your copy today!
About the Author
GRANT W. NEWTON, CPA, CIRA, CMA, is Professor of Accounting at the Graziadio School of Business and Management at Pepperdine University. He is Executive Director of the Association of Insolvency and Restructuring Advisors, the author of Bankruptcy and Insolvency Accounting, and coauthor, with Gilbert D. Bloom, of Bankruptcy and Insolvency Taxation, both from Wiley.
Table of Contents
Preface.
Chapter 1. Introduction.
Chapter 2. Selection of Alternative and Prebankruptcy Planning.
Chapter 3. Impact of Bankruptcy Filing.
Chapter 4. Administration of the Case.
Chapter 5. Claims.
Chapter 6. Recovery of Property.
Chapter 7. Liquidation and Discharge of Claims..
Chapter 8. Business Valuation.
Chapter 9. Chapter 11 Reorganization: Part 1.
Chapter 10. Chapter 11 Reorganization: Part 2.
Chapter 11. Accounting and Reporting Issues.
Chapter 12. Retention and Compensation of Professionals.
Index.