b'Insolvency and RestructuringUnlocking and Preserving Value in Distressed BusinessesAlan Tilley Turnaround Management Management TurnaroundTurnaroundFeaturing aManagementforeword Td by ettRicharUnlocking and Preserving Value in Distressed Businessesin Distressed Businesseseserving Value Unlocking and PrAlan TilleyAuthor: Alan Tilley,Over time, business distress has become more common andBryan Mansell & Tilley more unpredictable. European restructurings default position has Publication date: historically been insolvency, but all too often this has destroyed February 2019 value and brought little, if any, unsecured creditor recovery.Format: Hardback and eBook Influenced by US Chapter 11 and debtor in possession, Length: 224 pages restructuring professionals sought better ways to enhance value Price: 95, $133, 113 preservation. As a result, consensual turnaround and restructuring ISBN: 9781787421684 ahead of insolvency is becoming Europes new default position.This practical book draws upon the authors 25 years of experience in turnaround management and guides the reader through the key issues including staunching cash burn, creating cash generation, identifying viable business elements, eliminating loss-making sectors and excess cost, and identifying a revised Click here for strategy, a credible business plan and the management team to further details implement them.The importance of stakeholder management is emphasised and covers the role of creditors, suppliers, customers and employees, as well as a comprehensive explanation of how new sourcesof finance and debt rescheduling can leave a balance sheet consistent with the business plan. In short, Turnaround Management is the perfect guide to help you navigate thebenefits of turnaround rather than insolvency. A must-have book for any turnaround professional.Mike MeasuresFCAwww.globelawandbusiness.com nicola@globelawandbusiness.com T +44 (0) 20 3745 4769 23'