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Morgan Stanley Roundtable on Managing Financial Trouble


  • Edward Altman


Against the current backdrop of troubled credit markets and the possibility of growing defaults, a distinguished group of bankruptcy academics and practitioners explore a number of questions raised by the emergence of increasingly active distressed investors: Are these relatively new market forces and mechanisms at least partly responsible for today's historically low default rates? Can they be expected to continue keeping default rates low, even if the economy goes into recession? And perhaps most important, by preventing or delaying defaults, will these new reorganization methods end up increasing recoveries and preserving value? 2007 Morgan Stanley.

Suggested Citation

  • Edward Altman, 2007. "Morgan Stanley Roundtable on Managing Financial Trouble," Journal of Applied Corporate Finance, Morgan Stanley, vol. 19(4), pages 16-43.
  • Handle: RePEc:bla:jacrfn:v:19:y:2007:i:4:p:16-43

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