• Economics
  • Published 2016

Corporate Reorganization in the 1990s: Guiding Directors of Troubled Corporations Through Uncertain Territory

@inproceedings{McCullough2016CorporateRI,
  title={Corporate Reorganization in the 1990s: Guiding Directors of Troubled Corporations Through Uncertain Territory},
  author={B. D. McCullough and Eleanor P. McNulty and Ronald W. Sch{\"u}ler},
  year={2016}
}
Today, many corporate managers and their advisors must face the challenge of dealing with financially troubled companies.1 A financially troubled company s management initially must decide upon a course of conduct for dealing with the company's financial woes. Management usually must choose to: (1) pursue efforts to sell the company to a third party; (2) attempt an out-of-court restructuring of the company's debt; or (3) file for Chapter 11 bankruptcy and reorganize under the protection of the… CONTINUE READING