This comprehensive treatise covers in-depth treatment of chapter 11 reorganizations; out-of-court restructurings; specialized restructuring situations (such as prepackaged plans, transnational restructurings and cross-border insolvencies, mass tort cases, and airline cases); and the implications of related areas of law, including taxation, securities, environmental, intellectual property, labor and employment, lender liability, criminal, financial market, and competition law.

Significant developments in restructuring law and practice have occurred since the previous edition and are included in existing and new chapters. The 2005 Bankruptcy Code amendments, and the changes they have brought to restructuring practice both in and out of chapter 11, are incorporated throughout the treatise rather than treated in a separate chapter. Every chapter has been thoroughly revised to reflect the realities of modern restructuring practice. New, additional chapters include Healthcare Business Bankruptcies; Alternative Dispute Resolution; Chapter 11 Trustees and Examiners; and Creditors’ and Equity Holders' Committees.