Corporate financial distress: introduction and statistical background -- An introduction to leveraged finance -- An overview of the U.S. bankruptcy process -- Restructuring out-of-court and the cost of financial distress -- Distressed firm valuation chapter -- Corporate governance in distressed firms -- Bankruptcy outcomes -- International evidence -- The high yield bond market: risks and returns for investors and analysts -- A 50-year retrospective on credit risk models, the Altman Z-Score family of models and their applications to financial markets and managerial strategies -- Applications of distress prediction models: by external analysts -- Distress prediction models: catalysts for constructive change-managing a financial turnaround -- A bottom-up approach to assessing sovereign default risk -- Anatomy of the distressed debt markets -- Investing in distressed firm securities -- Modeling and estimating recovery rates.