Understanding the rules: The Bankruptcy Code
1. (Read once before coming to class)
The above links provide you with the "before class" reading assignment. It is very important that you read the handout at least once before class to take advantage of Prof. Germain's lecture.
If you want to learn more about:
1. Administrative claims: Read Chapter 4 of the required book - "The professional costs of Chapter 11".
2. Rejection of leases example: Read Chapter 16 of the required book.
3. Volunary Exchanges: Read Chapter 7 of the required book.
Below, I include two links to very timely topics: a) distressed mergers and acquisitions, which explains how changes of control are effected in Chapter 11, and b) a bankruptcy guide, which is written by lawyers for the layman to understand reorganizations. The material is provided to supplement Prof. Germain’s lectures.
QUIZ #1 will be avilble on Blackboard at 1:00pm. You have 30 minutes to complete it. It will automatically close at 1:30pm. Quiz is based on Prof. Germain's morning lecture.
1. Creditworthiness: Chapter 7 of Modern Security Analysis.
2. Five basic truths of distress investing: Chapter 6 of required book.
3. Causes of financial distress, Chapter 3 of required book.
Examples of companies in financial distress: