Geoffrey L. Berman and Steven L. Victor have contributed chapters to the latest version of Strategic Alternatives for Distressed Businesses, 2021 ed.

Click here to view this title at Thomson Reuters.

“Strategic Alternatives for and Against Distressed Businesses is one of a kind. It is the only resource that provides comprehensive state-by-state comparisons of assignments for the benefit of creditors and receiverships. This alone makes the book a must-have for every insolvency professional.

Strategic Alternatives covers much more, however. Weighing in at nearly 2,000 pages and updated annually, Strategic Alternatives provides an overview of chapter 11 and of all the various alternatives to chapter 11 – both from the company’s (i.e. debtor’s) perspective as well as from the perspective of creditors and other constituents. Options covered include, among others, assignments for the benefit of creditors (ABCs), state court receiverships, federal equity receiverships, compositions, UCC Article 9 sales, and exchange offers.

Strategic Alternatives includes helpful chapters that address how companies become distressed, how to turn them around, real estate workouts, and tax issues generally in the context of reorganizations and liquidations. It also has special focus chapters written from the perspective of various constituencies, including the company’s directors and officers, its secured creditors, and potential buyers.

If you can only own one book about corporate restructuring and insolvency, there is a compelling case that this should be the one.

Be sure to review the table of contents and list of contributors to get a sense of just how jam-packed this edition is with useful material!” Thomson Reuters