Bonds and Bond Derivatives / Edition 2: Miles Livingston, Blackwell Publishers: 1405119128: 9781405119122

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Title: Bonds and Bond Derivatives / Edition 2
Author: Miles Livingston, Blackwell Publishers
ISBN-10: 1405119128
ISBN-13: 9781405119122

This topical and easily understood handbook explains how bankruptcy can affect a corporation and its capital structure and how investors can profit from the corporate bankruptcy process. Corporate bankruptcies are at an all-time high, and this trend is likely to continue. Bankruptcy Investing introduces investors to the risky but lucrative opportunities to invest in the securities of troubled companies. Every area of this exciting field is described in complete detail. Real-world examples illustrate the explanations. Companies in distress may go through an informal or formal workout of problems, or they may enter Chapter 11 or Chapter 7 bankruptcy. The investment implications for the securities of firms in each of these stages are considered in full. Everything the investor needs to know is contained in this book. The authors show why it can be smart to invest in troubled companies.