1. Corporate bankruptcy and distress : introduction and statistical background -- 2. Evolution of the bankruptcy process in the US and international comparisons -- 3. Post-chapter 11 performance -- 4. The costs of bankruptcy -- 5. Distressed firm valuation -- 6. Firm valuation and corporate leveraged restructuring -- 7. The high yield bond market : risks and returns for investors and analysts -- 8. Investing in distressed securities -- 9. Risk-return performance of defaulted bonds and bank loans -- 10. Corporate governance in distressed firms -- Techniques for the classification and prediction of corporate financial distress and their applications -- 11. Corporate credit scoring-insolvency risk models -- 12. An emerging market credit scoring system for corporates -- 13. Application of distress prediction models -- 14. Distress prediction models : catalysts for constructive change : managing a financial turnaround -- 15. Estimating recovery rates on defaulted debt.