BUS431N - Financial Distress

3 Credit(s)

Non Liberal Arts
This course examines financial distress and corporate restructuring. Financially
distressed firms often fail to meet their obligations to firm stakeholders, including creditors, employees, customers, and suppliers. Corporate restructuring refers to the process by which firms renegotiate these commitments, often in response to financial distress. This course explores the restructuring process in depth and focuses on the U.S. bankruptcy code, the rights of creditors, and management of the distressed firm to meet its obligations. By studying the resolution of these complex situations, students will gain a deeper understanding of the interplay among corporate value, the corporate value, the capital structure, and risk.

Prerequisite(s): BUS 320N