Catalogo dei Corsi di studio

The objective of this course is to familiarize students with the financial, legal, and strategic issues associated with the corporate restructuring process. The main focus of the course will be on restructuring financially distressed firms. We will survey a variety of financial techniques to assess the causes of distress and restructuring methods (out-of-court workouts, exchange offers, prepackaged bankruptcies, juridical bankruptcies) available to troubled firms and study the dynamics of the restructuring process through a number of historical and current case studies.

Programme

Taxonomy of corporate distress: insolvency, bankruptcy, ristructuring, turnaround.
Causes of business distress
Stages of business distress
Business continuity
Consequences of business distress
Financial statement analysis, credit ratios and scoring models
debt financial sustainability
Turnaround management: redefining strategy and business model, corporate governance and organizational processes
Financing distress companies
Asset and liability side restructuring
Out of court agreements to solve financial distress
Restructuring agreement
Liquidation procedure

Adopted texts

Course notes available on Classroom (Google)

Frequency modes

it is highly recomended to attend lectures

Exam modes

Written exams. Multiple choices questionaire and exercises.
An interview shall follow the written exam