Distressed Hiring Points to Trouble

Hintze, John
May 2007
Investment Dealers' Digest;5/14/2007, Vol. 73 Issue 19, p10
Trade Publication
The article reports on the move of finance companies towards hiring executives specializing in underperforming and distressed companies in the U.S. Rick Chance of KPMG Corporate Finance company heads up the six-strong special situations group which assists firms in searching for buyers to avoid bankruptcy and helps in capital restructuring. Meanwhile, Rick Shinder was hired by Avenue Capital Group company which specializes in distressed and credit-challenged securities.


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