Described by the Chicago Tribune as a "latter-day version of Dickens' Bleak House, " Bankruptcy: A Feast for Lawyers is a shattering indictment of bankruptcy law by a CEO who lived through the experience of Chapter 11. Author Sol Stein exposes a system that is supposed to provide an opportunity for troubled companies to reorganize, but kills more than 70% of the businesses that take refuge in it while enriching legions of lawyers. In the nightmare world of Chapter 11, the gainers are seldom the creditors or the debtor company, but rather the bankruptcy bar, impeached in this book by their own conduct and the condemnation of their ethical brethren. Besides his own experience, the author draws examples from diverse industries -- trucking, food, real estate, oil, and publishing.
| ||||||||||||||||||
Book Description
Editorial Reviews
From Publishers Weekly
A how-to book about corporate bankruptcy fills a niche, and Stein is an obvious person to write it. The feisty publisher of Stein & Day, which went down this year after a long struggle, reports on the mess that seems to be contemporary bankruptcy law and practice. He is bitter and unforgiving about his treatment by some creditors and lawyers, but from the experience draws lessons that are likely to be of value to CEOs facing Chapter 11. His account of the process by which he lost his company is harrowing, though Stein supplies examples of happier endings, too--cases in which firms were able to climb back to prosperity. Always, however, this seems to have been done in spite of, rather than because of, Chapter 11 provisions; and requires more forethought, planning, resources and luck than many companies can muster. Stein may exaggerate bankruptcy shenanigans out of personal pique, but if half of what he writes is true, the law is in need of reform. A fine cautionary read.
Copyright 1989 Reed Business Information, Inc. --This text refers to an out of print or unavailable edition of this title.
Copyright 1989 Reed Business Information, Inc. --This text refers to an out of print or unavailable edition of this title.
From Library Journal
Stein, former CEO of now-defunct Stein and Day, one of the last independent American publishing houses operating in the 1980s, has written more than just another lawyer-bashing book. Although his book is colored by his bitterness over his particular case, Stein does provide a unique insider's account of the process and participants involved in Chapter 11 bankruptcy reorganization cases. In contrast to several available treatises which more clinically explain the law, Stein details the personal and business effects of Chapter 11. His book contains much practical advice intended to help others survive it, and, if his description is accurate, portrays a system commonly misunderstood by businesspeople and in need of reform. This title should be recommended supplementary reading for business and law school courses and is a necessary purchase for libraries supporting these programs, as well as for general collections.
- Merlin Whiteman, Indiana Univ. Sch. of Law Lib., Indianapolis
Copyright 1989 Reed Business Information, Inc. --This text refers to an out of print or unavailable edition of this title.
- Merlin Whiteman, Indiana Univ. Sch. of Law Lib., Indianapolis
Copyright 1989 Reed Business Information, Inc. --This text refers to an out of print or unavailable edition of this title.
Product Details
Would you like to update product info or give feedback on images?
|
More About the Author
Discover books, learn about writers, read author blogs, and more.
Customer Reviews
|
Share your thoughts with other customers:
|
||||||||||||||||||||||
|
Most Helpful Customer Reviews
2 of 3 people found the following review helpful:
5.0 out of 5 stars
WOW ! this book saved my company and my financial life.,
By
This review is from: Bankruptcy: A Feast for Lawyers (Paperback)
i will keep this simple. when this book was out of print i chanced upon a copy in the library. I was up against the wall and this book literally saved my company which led to growth and eventually a large buyout.
I used the realworld examples to form intuitive solutions to fix creditor problems and turnaround my company. www.saynotobankruptcy.com
Share your thoughts with other customers: Create your own review
|
|
What Other Items Do Customers Buy After Viewing This Item?
Tags Customers Associate with This Product(What's this?)Click on a tag to find related items, discussions, and people.
|
Sell a Digital Version of This Book in the Kindle Store
If you are a publisher or author and hold the digital rights to a book, you can sell a digital version of it in our Kindle Store.
Learn more
Customer Discussions
|
This product's forum
Active discussions in related forums
Search Customer Discussions
|
Related forums
|
