Strategic Bankruptcy

"Delaney has set himself a task fit for a hero. . . . With the skills of a sociologist and the patience of a scholar, he offers a perspective on corporate restructuring that is bound to change our thinking for years to come."--John D. Ayer, University of California, Davis, and former U.S. Bankruptcy Judge "A fine honed assessment of how companies have come to turn the classic event of corporate failure into a strategy for success. . . . A riveting account of one of the corporate arsenal's newest and most ironic weapons."--Michael Useem, University of Pennsylvania "A potent antidote for the idea that bankruptcy is just a form of housekeeping performed by efficient markets. . . . Delaney brings into sharp relief the strategic and political determinants of corporate bankruptcy that we must understand to have a clear picture of business in the 90s."--Mark Granovetter, SUNY, Stonybrook "An engaging and powerful analysis of the changing uses of corporate bankruptcy. . . . For anyone who neded convincing that statutes and cases aren't all there is to law, this book should provide ample evidence. Delaney creates a compelling portrait of the inner workings of corporate America and shows how a legal tool designed to shield troubled companies has become a multi-purpose weapon in battles over corporate power."--Kim Lane Scheppele, University of MichiganDelaney, Kevin J. is the author of 'Strategic Bankruptcy' with ISBN 9780520073586 and ISBN 0520073584.