To read this content please select one of the options below:

Wheeling and dealing

P. Scott Scherrer (P. Scott Scherrer is a business advisor at Greenbrier Partners, Bedford, UK. Tel: 603‐860‐8784, Fax: 603‐472‐7842, E‐mail:

Corporate Governance

ISSN: 1472-0701

Article publication date: 1 June 2004



This article addresses strategies used by creditors to take control of businesses in bankruptcy. The creditors are able to convert their debt to equity ownership by acquiring a significant amount of the companies’ outstanding debt and then controlling the bankruptcy process. The article provides an example of this process. Further, the risks concomitant with the debt acquisition strategy are discussed.



Scherrer, P.S. (2004), "Wheeling and dealing", Corporate Governance, Vol. 4 No. 2, pp. 69-73.



Emerald Group Publishing Limited

Copyright © 2004, Emerald Group Publishing Limited

Related articles