Distress Investing Maymester in NYC

Bankruptcy law and voluntary exchanges

Tuesday morning

Continuation of bankruptcy law. See Monday materials.

QUIZ #2 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.

Tuesday afternoon

1. Summary of a few things you must remember about Bankruptcy Law

2. LoPucki Visuals on the process of Chapter 11

3. Loan Deals: How do companies borrow?

4. Can Bankruptcy be avoided? Voluntary Exchanges

5. AES Exchange offer (a successful example)

6. READ Chapter 7 of "Distress Investing"

Mr. Michael W. Derchin presentation on the Airline Industry