I watched an interview of George Schultze who says his company maintains a database of companies that they track into distress.
In one post from Distressed Debt Investing he describes poring over any and all bankruptcy dockets 1) out of interest but 2) as a means of potentially uncovering a worthwhile opportunity.
My question is: for those that work in distressed debt, how do you source investment opportunities? If it's not too proprietary, is there anything you could share that would give someone outside the business some insight into what is involved with the day-to-day process of finding your investment ideas?
Thanks in advance.