<p><b>A comprehensive look at the enormous growth and evolution of distressed debt markets, corporate bankruptcy, and credit risk models</b></p> <p>This <i>Fourth Edition</i> of the most authoritative finance book on the topic updates and expands its discussion of financial distress and bankruptcy, as well as the related topics dealing with leveraged finance, high-yield, and distressed debt markets. It offers state-of-the-art analysis and research on U.S. and international restructurings, applications of distress prediction models in financial and managerial markets, bankruptcy costs, restructuring outcomes, and more.</p>