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Strategic Bankruptcy: How Corporations and Creditors Use Chapter 11 to Their Advantage

Kevin J. Delaney




[PDF.hh48] Strategic Bankruptcy: How Corporations and Creditors Use Chapter 11 to Their Advantage

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 | #3345579 in Books |  Kevin J Delaney |  1999-01-04 |  1999-01-04 | Original language:English | PDF # 1 |  9.00 x.58 x6.04l,.72 | File type: PDF | 224 pages

 | Strategic Bankruptcy How Corporations and Creditors Use Chapter 11 to Their Advantage

||0 of 0 people found the following review helpful.| Chapter 11 as Power Struggle|By not me|I liked "Strategic Bankruptcy" because I like books about sharp business practices. Econ students could learn from it, too, because it deflates the fairy tale that markets smoothly weed out inefficient firms and promote the welfare of everyone. The real world of oligopolies, courts, unions, union-busters, and high finance is much messier| |"Fascinating. . . . [Bankruptcy] is a game with winners and losers, and Delaney's message is that the losers are little guys who have been outsmarted by the use, or misuse, of legal strategies in the interest, if you like, of Wall Street. He proves his case in

In 1982 Johns-Manville, a major asbestos manufacturer, declares itself insolvent to avoid paying claims resulting from exposure to its products. A year later, Continental Airlines, one of the top ten carriers in the United States, claims a deficit when the union resists plans to cut labor costs. Later still, oil powerhouse Texaco cries broke rather than pay damages resulting from a courtroom defeat by archrival Pennzoil.

Bankruptcy, once a term that sent shud...

You can specify the type of files you want, for your device.Strategic Bankruptcy: How Corporations and Creditors Use Chapter 11 to Their Advantage   |  Kevin J. Delaney. A good, fresh read, highly recommended.

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