Deep dive
Restructuring & Distressed Investing
How companies reorganize when they cannot pay their debts, and how investors profit from the process. Covers Chapter 11 mechanics from an investor's perspective, DIP financing, 363 sales, liquidation analysis, and loan-to-own strategies used by distressed funds.
Before this course
These cover the assumed background. You can start here anyway — nothing is locked.
Lessons in this course
Work through them in order, or jump to whichever fits where you are. Every lesson is free and saves your progress locally.
- 01Beyond the Z-Score: Multi-Signal Distress Detection
- 02Chapter 11 Mechanics for Investors
- 03DIP Financing: Lending to Bankrupt Companies
- 04Section 363 Sales: Buying Assets Out of Bankruptcy
- 05Liquidation Analysis: The Floor Value
- 06Reorganization Plans and Fulcrum Security Analysis
- 07Loan-to-Own: Engineering Control Through Credit
- 08The Empty Creditor: When CDS Holders Vote Against Workouts