Strategic Alternatives For And Against Distressed Businesses, 2024 ed.

Gary Segal contributed to the Thomson Reuters treatise, Strategic Alternatives For And Against Distressed Businesses, 2022 ed.

The treatise provides comprehensive state-by-state comparisons of assignments for the benefit of creditors and receiverships, an overview of Chapter 11 and 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. Those options include 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.