The title of this book compiled and edited by Brian L. Davidoff is
Reviving the Financially Distressed Business
In my review posted on Amazon.co.uk, I gave the book a 3 Stars rating. This means it is Worth Reading.
Here is my book review.
Useful but I’d prefer a joined up approach.
This book has different chapters written by different people. If I’d have realised that, I probably wouldn’t have bought it.
Why? Past experience shows that with this type of book there are either gaps or overlaps between the writers.
All of them are professional advisors from the United States.
This means any reference to insolvency law and procedures like Chapter 7 and Chapter 11 is not relevant outside of the US.
This may is quite a wide ranging book.
1 Managing the Financially Distressed Business
2 Experiences in Restructuring
3 Directors and Officers
4 Leading the Financially Distressed Company
5 Turnaround Accounting
6 Debt Financing for the Insolvent Company
7 Valuation Issues for Distressed Businesses
8 Sale Transactions
9 General Assignments as an Effective Liquidation Device
10 Out-of-Court Debt Restructuring
If you have a business that is in serious trouble in the UK, I recommend the Mark Blayney book called Turning Your Business Around. It is an excellent starting point and it’s based on UK law and procedures.
As for this book, it makes some important points but I feel there are much better books about turnaround and recovery.There are many thousand of business books, you can see the full list of my reviews at Business Books Reviews by Paul Simister (Please click). I've also narrowed these down to a list of the 12 Best Business Books For Business Owners & Entrepreneurs (Please click).
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