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A comprehensive look at the enormous growth and evolution of distressed debt, corporate bankruptcy, and credit risk default This Third Edition of the most authoritative finance book on the topic updates and expands its discussion of corporate distress and bankruptcy, as well as the related markets dealing with high-yield and distressed debt, and offers state-of-the-art analysis and research on the costs of bankruptcy, credit default prediction, the post-emergence period performance of bankrupt firms, and more. Edward I. Altman (New York, NY) is the Max L. Heine Professor of Finance at the Stern School of Business, New York University. He received his MBA and PhD in finance from the University of California, Los Angeles. Edith Hotchkiss (Chester Hill, MA) is Associate Professor of Finance at Boston College. She received her PhD from the Stern School of Business and her BA from Dartmouth College.

Higher education flies right off the comedy curve in this hilarious fun-fest loaded with "real out-loud laughs" (Los Angeles Times)! Judd Nelson ("The Breakfast Club", "St. Elmo's Fire") is "well cast and likeable" (Los Angeles Times) in this "splendidly played" (Variety) film that scores top marks for reading, rioting and rock'n'roll! Palmer Woodrow III (Dana Olsen) has everything money can buy...except a high school diploma. And when his parents threaten to cut him off unless he graduates, Palmer decides he'd rather party in Paris -- and hire young hustler Eddie Keaton (Nelson) to attend a prestigious prep school in his place! Short on cash and long on debt, Eddie is glad to do it, if just to get away from his bookie, the dangerous Diceman (Andrew Dice Clay). Disguised as the perfect preppy, Eddie easily fools the faculty, charms the coeds and rocks the campus! But when the Diceman tracks him down, streetwise Eddie must keep his cover to stay in school...

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