Why Companies Fail: Strategies for Detecting, Avoiding, and Profiting from Bankruptcy

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Beard Books, 1999 - Business & Economics - 147 pages
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From Debra Ann Hatten - The Christian Science Monitor (Eastern edition) This book, written for the nonfinancial reader, records conventional reasons for business failure: cash-flow problems, taking on too much debt, and starting out with too little capital. But it continues where other books may stop, pointing out to those who are nearly bankrupt how to avoid bankruptcy. It describes reorganization techniques that have pulled companies out of the holein recent years--such as refocusing market niches and converting debt into stock. The book uses minicases to illustrate these methods. The author also gives potential investors a score card to select potential turnaround companies when picking up the high-risk, high-yield bonds (not stocks) of near-bankrupt or bankrupt companies.
 

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Contents

IV
1
V
2
VI
6
VII
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VIII
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IX
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X
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XI
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XXVI
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XXVII
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XXIX
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XXX
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XXXI
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XXXII
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XXXIII
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XXII
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XXIV
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XXXIV
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XXXVI
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XXXVII
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XXXIX
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XL
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XLI
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XLIII
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About the author (1999)

Harlan D. Platt is Professor of Finance in the College of Business Administration at Northeastern University. He is the author of two other books, The first Junk Bond an Principles of Corporate Renewal, and has published over 35 academic articles. Professor Platt is also the faculty dean of the Turnaround Management Association, where he created and administers its certification program. He serves on the board of directors of Prospect Street High Income Portfolio, Inc., listed on the NYSE, and VSI Enterprises, Inc. on the NASDAQ, and is president of 911RISK, Inc. a firm specializing in developing analytical models that predict corporate distress. Other books by Harlan D. Platt: The First Junk Bond: A Story of Corporate Boom and Bust

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