Financial Restructuring: Business Bankruptcy and Modern Commercial Markets, Fourth Edition
Financial Restructuring: Business Bankruptcy and Modern Commercial Markets, Fourth Edition
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Levitin’s Financial Restructuring: Business Bankruptcy and Modern Commercial Markets, Fourth Edition, is a comprehensive textbook on financial restructuring law, covering modern financing structures and markets, out-of-court restructuring, liability management exercises, and chapter 11 business bankruptcy.
Financial Restructuring: Business Bankruptcy and Modern Commercial Markets is a comprehensive contemporary stand-alone textbook designed to prepare students to hit the ground running in BigLaw restructuring practices. The book introduces students to modern financial transactions, products, markets, and institutions, and covers not only not only chapter 11 business bankruptcy, but also out-of-court restructurings and liability management exercises.
New to the Fourth Edition:
- Expanded coverage of liability management exercises and debt covenants
- Expanded coverage of fiduciary duties and governance in and outside of bankruptcy
- New coverage of international restructuring and chapter 15 bankruptcy
- Updated problem sets that bring students back to the same problems in bankruptcy that they have seen in out-of-court restructurings to emphasize the effect of the bankruptcy toolkit
Professors and students will benefit from:
- Unique in-depth coverage of liability management exercises and out-of-court restructuring
- Detailed, practical coverage of modern financial products and markets—syndicated loans, bond indentures, repos, derivatives, securitization, and claims trading
- Comprehensive expository text with cases as illustrations
- Incorporation of actual deal documents, including a bond indenture, ISDA Master Agreement, and a restructuring support agreement
- Problem sets that let students engage in active learning and practice of lawyering skills
Summary of Contents
Contents
Preface
Preface to the Second Edition
Preface to the Third Edition
Preface to the Fourth Edition
Acknowledgments
PART I FINANCIAL RESTRUCTURING AND THE MODERN
COMMERCIAL LANDSCAPE
Chapter 1. Leverage, Liquidity, Restructuring
Chapter 2. Default and Debt Collection
Chapter 3. Security Interests and Foreclosure Sales
Chapter 4. Structural Priority and Guaranties
Chapter 5. Covenants and Subordination Agreements
Chapter 6. Equity
Chapter 7. Debt
Chapter 7A. Securitization (Online Only)
Chapter 8. Repos and Derivatives
PART II FINANCIAL RESTRUCTURING OUTSIDE OF BANKRUPTCY
Chapter 9. Obstacles to Out-of-Court Restructuring and Liquidation
Chapter 10. Fraudulent Transfers: Liability
Chapter 11. Fraudulent Transfers: Remedies and Defenses
Chapter 12. The Trust Indenture Act
Chapter 13. Exchange Offers and Exit Consents
PART III FINANCIAL RESTRUCTURING IN BANKRUPTCY
Chapter 14. Bankruptcy in a Nutshell
PART III.A CORNERSTONES OF BANKRUPTCY
Chapter 15. Filing for Bankruptcy
Chapter 16. Property of the Estate
Chapter 17. The Automatic Stay
Chapter 18. Lifting the Automatic Stay
Chapter 19. Valuation
Chapter 20. Claims
Chapter 21. Claim Allowance
Chapter 22. Secured Status
Chapter 23. Liquidation in Chapter 7
PART III.B OPERATING IN CHAPTER 11 BANKRUPTCY
Chapter 24. Governance in Chapter
Chapter 25. Estate Professionals
Chapter 26. First-Day Orders and Financing in Bankruptcy
Chapter 27. Use and Sale of Estate Property
Chapter 28. Free-and-Clear Sales and Successor Liability
Chapter 29. Executory Contracts and Unexpired Leases
Chapter 30. Labor Agreements, Pensions, and Retiree Health Benefits
PART III.C CHAPTER 11 RESTRUCTURING PLANS
Chapter 31. Consensual Plan Confirmation
Chapter 32. Classification and Plan Voting
Chapter 33. Impairment and Solicitation
Chapter 34. Cramdown Confirmation
Chapter 35. The Absolute Priority Rule
Chapter 36. Sub Rosa Restructurings
Chapter 37. Claims Trading
Chapter 38. Discharge and Post-Confirmation Matters
Chapter 39. Small Business Bankruptcy
PART III.D AVOIDANCE POWERS AND EQUITABLE REMEDIES
Chapter 40. The Strong-Arm Power and Statutory Liens
Chapter 41. Voidable Preferences and Setoffs
Chapter 42. Leveraged Buyouts and Fraudulent Transfers
Chapter 43. Equitable Remedies
Chapter 43A. International Bankruptcy (Online Only)
Chapter 43B. Contracting Around Bankruptcy (Online Only)
Chapter 44. Conclusion
Appendix: Sunstone Indenture
Index
About the authors
Product Information
Financial Restructuring: Business Bankruptcy and Modern Commercial Markets, Fourth Edition
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Financial Restructuring: Business Bankruptcy and Modern Commercial Markets, Fourth Edition
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Financial Restructuring: Business Bankruptcy and Modern Commercial Markets, Fourth Edition
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Financial Restructuring: Business Bankruptcy and Modern Commercial Markets, Fourth Edition
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Financial Restructuring: Business Bankruptcy and Modern Commercial Markets, Fourth Edition
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Financial Restructuring: Business Bankruptcy and Modern Commercial Markets, Fourth Edition
Print + eBook + Audiobook