+ bookshop@global investor com Strategic Bankruptcy How Corporations and Creditors Use Chapter to their Advantage by Kevin J Delaney Strategic Bankruptcy How Corporations and Creditors Use Chapter to their Advantage by Kevin J Delaney Our price £ Normal price £ you save £ Special order title usually ships within working days Or phone us on + Product code ISBN ISBN pages paperback published by Description of Strategic Bankruptcy How Corporations and Creditors Use Chapter to their Advantage In Johns Manville a major asbestos manufacturer declares itself insolvent to avoid paying claims resulting from exposure to its products A year later Continental Airlines one of the top ten carriers in the United States claims a deficit when the union resists plans to cut labour costs Later still oil powerhouse Texaco cries broke rather than pay damages resulting from a courtroom defeat by archrival Pennzoil Bankruptcy once a term that sent shudders up a managers spine has now become a potent weapon in the corporate arsenal The author explores this profound change in our legal landscape where corporations with billions of dollars in assets employ bankruptcy to achieve specific political and organizational objectives As a