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| Author: | Stark, A. Frawley, R. D. |
| Title: | Bankrupt firms can be attractive acquisitions. |
| Journal: | Journal of Business Strategy
1989 : MAR-APR, VOL. 10:2, p. 34-37 |
| Index terms: | COMPANY FAILURES MERGERS USA COMMERCIAL LAW |
| Language: | eng |
| Abstract: | Chapter Eleven of the Bankruptcy Code, when considered in conjunction with other provisions in state law and in federal securities laws, provides a great deal of flexibility to debtor companies, and quite a bit of opportunity to potential acquirers of troubled companies. Unfortunately this strategic tool is often overlooked. The reason is that most business owners and executives are not familiar with the basic rights of a debtor in bankruptcy or the legal framework available to companies that seek to acquire failing firms. The case of a real firm producing medical devices is presented as an example of a creative use of the bankruptcy laws. |
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