Partner Russell Rutherford was a contributor for the book Strategic Alternatives For And Against Distressed Businesses. The book provides state-specific chapters on receivership, and Russell served as one of the contributors for the chapter on Alabama law. See below for more information on Strategic Alternatives For And Against Distressed Businesses.

Weighing in at nearly 2,000 pages and updated annually, Strategic Alternatives provides an overview of chapter 11 and of all the various alternatives to chapter 11 – both from the company’s (i.e. debtor’s) perspective as well as from the perspective of creditors and other constituents. Options covered include, among others, assignments for the benefit of creditors (ABCs), state court receiverships, federal equity receiverships, compositions, UCC Article 9 sales, and exchange offers.

Strategic Alternatives includes helpful chapters that address how companies become distressed, how to turn them around, real estate workouts, and tax issues generally in the context of reorganizations and liquidations. It also has special focus chapters written from the perspective of various constituencies, including the company’s directors and officers, its secured creditors, and potential buyers.

For more information or to purchase the book, please click here.