Info on Restructuring

I have been reading "Distressed Investment Banking: To the Abyss and Back" and would give it a B-. Good introduction to the restructuring space and the unique characteristics of the work involved, but also sort of reads like an advertisement for the firm the author's founded.

A lot of questions about debt I would assume, and possibly some questions about LBO's since a lot of companies I know use LBO's models to analyze debt structuring for over levered companies. Also depends on the firm you're interviewing and the credentials of the people working there. At a boutique shop you may just encounter the run of the mill IB questions.

distressed-debt-investing.com http://vimeo.com/11209265

It might also be an idea to read investor letters from firms specializing in distressed debt. If anyone has an idea which investors focus on distressed debt I would love to hear.

Thanks for the input.

I've been reading up on distressed debt, lev fin, etc. Just want to be able to put the puzzle pieces together to get a well rounded understanding of what restructuring is -- so thanks for the resources

Distressed Debt Analysis by Stephen G. Moyer... one of the best books on the concept / practice of restructuring and plugged by the bros in HL's FRG who do quite well...

you probably don't have time to read through everything here, but in addition to Moyer's book, I would recommend The Art of Distressed M&A - has a lot of the concepts that you'll come across; additionally it's more recent so it captures the legal changes from the recent bankruptcy update and it goes into details of the accounting implications of distressed.

HL does an amazing walkthrough of the entire distressed M&A process. I would read this instead of all the other recommendations above. Its pretty concise (60 pages) and if you get a grasp of the basic ideas of the case study, you'll be golden. http://www.hl.com/library/bsttcacs.pdf

Thanks again guys

If you're a complete newbie to the process, then id structure it as follows: 1. Stephen Moyer's book distressed debt analysis 2. HL's case study 3. Marty Whitman's distress investing principles and techniques

Then go through some of the more substantive posts on distressed-debt-investing.com

Thanks for the HL file.

+1 on Moyer's book. Very good conceptual overview of distressed investing. He's an interesting dude.

Thanks for the HL file it was a great read! I think I am almost prepared for my PwC Corporate Advisory & Restructuring interview now!