Dr. Wei Wang

“The go-to book for anyone who is interested in the research and practice of distress investing and corporate restructuring. A very constructive approach for bankruptcy.”

“This is a great book for people who want to work in the world of distressed debt and restructuring and for people who work in adjacent fields like private equity that want a practical understanding of distressed debt and restructuring. It should be required reading for any training program.”

“They did it again! The masters of distressed corporate debt and restructuring have again set the standard with the 4th edition of their world-leading textbook. This definitive and comprehensive treatment now incorporates the lessons of the Great Financial Crisis and includes an extensive primer on Chapter 11. The authors expanded and updated their in-depth coverage of valuation, default prediction, and recovery. This book is indispensable for MBA students and professional investors focused on private equity and distressed debt.”

“Corporate Financial Distress, Restructuring, and Bankruptcy is a ‘must-have’ guide for experienced professionals and students alike. The authors provide an accessible yet incredibly comprehensive and insightful discussion (supplemented by effective use of case studies and data) of the critical elements of restructuring and bankruptcy, distressed, high-yield and leveraged finance markets, credit analysis, and default prediction. This text is more important than ever and I highly recommend it to anyone interested in truly understanding these topics.”

“A comprehensive exploration of corporate restructurings—Altman, Hotchkiss and Wang have thoughtfully mapped out the terrain from which to navigate the often byzantine world of distressed investing. This volume is a must read for anyone trying to make sense of the complicated world of corporate restructurings and an indispensable resource tool for the uninitiated and serious investor alike.”