Bankruptcy: A Feast for Lawyers
Sol SteinISBN: 1893122123;
Described by the Chicago Tribune as a "latter-day version of Dickens' Bleak House," Bankruptcy: A Feast for Lawyers is a shattering indictment of bankruptcy law by a CEO who lived through the experience of Chapter 11. Author Sol Stein exposes a system that is supposed to provide an opportunity for troubled companies to reorganize, but kills more than 70% of the businesses that take refuge in it while enriching legions of lawyers. In the nightmare world of Chapter 11, the gainers are seldom the creditors or the debtor company, but rather the bankruptcy bar, impeached in this book by their own conduct and the condemnation of their ethical brethren. Besides his own experience, the author draws examples from diverse industries -- trucking, food, real estate,oil, and publishing.
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