There has been remarkable growth in the distressed debt market in the United States in the
past 20 years. Data presented here indicate why distressed debt (vulture capital) investing is …

Currently, scholars regularly label texts as illiterate mistakes when they are ungrammatical,
but grammar that is alternative to our expectations need not always warrant that label. …

The term ‘magic’ is problematic. Magic studies have rapidly developed in recent decades and
have suggested various ways of understanding the term, especially regarding objects from …

A survey of institutional investors is used to assess the role of real estate in portfolios.
Despite modest current holdings, there is a trend toward increasing allocations to real estate, …

… However, Altman and Stonberg (2006) find that about 60 percent of defaults are restructured
through bankruptcy filings, suggesting that private workouts are becoming less common. …

… Because of the way collective bargaining is structured, Stonberg believes that it not only
permits … Like the representatives in Sudbury, Stonberg and Fichtner also took turns serving as …

This chapter reviews empirical research on the use of private and court-supervised mechanisms
for resolving default and reorganizing companies in financial distress. Starting with a …

Can an unsecured creditor influence the general corporate affairs of its debtor company? Yes.
Consider the Chapter 11 cases of Allied Holdings, Inc. and certain of its affiliates. Allied is …

This paper uses contingent claim asset pricing and exploits capital structure priority to better
understand the relation between corporate security returns and interest rate changes (ie, …