Gift Guide

Business Valuation and Bankruptcy (Wiley Finance Series) / Edition 1

Hardcover (Print)
Used and New from Other Sellers
Used and New from Other Sellers
from $55.29
Usually ships in 1-2 business days
(Save 41%)
Other sellers (Hardcover)
  • All (5) from $55.29   
  • New (4) from $55.29   
  • Used (1) from $62.26   


Praise for Business Valuation And Bankruptcy

"For the restructuring lawyer or anyone else seeking a cogent and accessible exposition of the first principles of valuation and how valuation issues fit in the bankruptcy process, this timely and clearly written book is the natural place to turn."
—Professor Douglas G. Baird, The University of Chicago Law School, Scholar in Residence for the American College of Bankruptcy

"There are no easy business valuation issues in bankruptcy. However, armed with this treatise, bankruptcy professionals and courts can confront the valuation challenges in a thoughtful and deliberate manner. I found this book a remarkable effort in addressing the issues presented in distressed business valuations. The work is thoughtful, broad in scope, detailed in areas where necessary, and a substantial contribution to the literature. I was especially impressed that the book has much to offer to attorneys, judges, and valuation professionals. I highly recommend the work to any serious student of business valuations in bankruptcy."
—Professor Jack F. Williams, Georgia State University College of Law, author, lecturer, and American Bankruptcy Institute Resident Scholar

"An excellent guide to the wide variety of valuation issues that professionals face on a daily basis, in the insolvency world. This work provides us with a wide range of analyses, taking us from the initial stages of an engagement, determining a company's viability, up through the entire insolvency process. An essential tool for any bankruptcy professional"
—John Ames,Greenbaum Doll & McDonald PLLC,President, American Bankruptcy Institute (2007–2009)

"I have read several books on valuation principles and theory. Business Valuation and Bankruptcy is by far the best written, best organized, and most approachable. The valuation methodologies and theories are explained in plain language, and the inclusion of the application of those methodologies and theories to the Bankruptcy Code and reported cases is immensely helpful. I have asked our entire Business Reorganization Team to read Business Valuation and Bankruptcy, and I intend to keep it handy as a reference."
—Paul Steven Singerman, Berger Singerman, former chair of the Florida Bar Bankruptcy Commitee

Read More Show Less

Product Details

  • ISBN-13: 9780470462386
  • Publisher: Wiley
  • Publication date: 11/23/2009
  • Series: Wiley Finance Series , #521
  • Edition number: 1
  • Pages: 262
  • Product dimensions: 6.30 (w) x 9.00 (h) x 1.20 (d)

Meet the Author

Ian Ratner, CPA, ABV, ASA, CFE, of GlassRatner Advisory & Capital Group LLC, is a nationally recognized financial advisor, focused in the area of forensic accounting, litigation support, business valuation, and bankruptcy consulting. He has a proven track record as an expert advisor and has led high-profile and complex assignments including failed transactions, SEC investigations, financial reporting frauds, large corporate bankruptcies, and countless commercial litigation matters. In many of these cases, he is asked to decipher contradictory valuation opinions and testimony by getting behind the numbers relied on by others. Ian has testified as an expert on dozens of occasions in state and federal courts in various jurisdictions around the country.

Grant T. Stein is partner in the law firm of Alston & Bird LLP in the Bankruptcy, Reorganization and Workouts Group. He is a Fellow of the American College of Bankruptcy, Chair and past president of the Southeastern Bankruptcy Law Institute, and is identified as a top practitioner in Chambers USA: America's Leading Lawyers for Business, The Best Lawyers in America, and Super Lawyers magazine. During his more than twenty-five years of practice, he has amassed extensive bankruptcy and litigation experience dealing with valuation questions.

John C. Weitnauer is a partner with the law firm of Alston & Bird LLP in the Bankruptcy, Reorganization and Workouts Group. In 2006, he was co-trial counsel for plaintiffs in a jury trial that involved many business valuation issues, and obtained a verdict stating that over $965,000,000 in transfers were made with the actual intent to defraud the plaintiffs, with $350,000,000 in punitive damages. He has been included in The Best Lawyers in America reference books since 1995. He is profiled in Chambers USA: America's Leading Lawyers for Business. He is a Contributing Editor of two bankruptcy treatises, Norton Bankruptcy Law and Practice and the Bankruptcy Litigation Manual.

Read More Show Less

Table of Contents


Chapter 1 Introduction.

The Troubled Company Continuum.

Operational and Financial Disstress.

The Troubled Company Response.

Valuation in Reorganization or Bankruptcy.


Chapter 2 Industry Practitioners and Standards.

Professional Organizations and Business Valuation Standards.

Business Valuation Practitioners and Certifications.



Chapter 3 The Basics of Business Valuation.

The Purpose of the Valuation.

Standard of Value.

Premise of Value - Going Concern or Liquidation.

Valuation Approaches.




Chapter 4 Income Approach.

Discounted Cash Flow Method.

Capitalized Cash Flow Method.



Chapter 5 Market Approach.

Guideline Company Method.

Comparable Transaction Method.


Chapter 6 United States Bankruptcy Code.

Introduction to the Structure of the Bankruptcy Code.

Commencement of a Bankruptcy Case and Filing of Schedules.

Chapter 7 of the Bankruptcy Code.

Chapter 11 of the Bankruptcy Code.

Avoiding Powers under the Bankruptcy Code – Preferences.

Avoiding Powers under the Bankruptcy Code - Fraudulent Transfers.

Valuation Principles from the Bankruptcy Courts.



Chapter 7 Valuations in Bankruptcy as of the Date of the Hearing.


Relief from the Automatic Stay and Adequate Protection.

§ 363 Sales.

Use of Cash Collateral.

Disclosure Statement.

Plan Confirmation – Feasibility.

Plan Confirmation – Best Interests of Creditors Test.

Plan Confirmation – Cram Down.



Chapter 8 Valuations in Bankruptcy at a Time in the Past - Avoidance Actions.


Avoidance Actions – Preferences.

Avoidance Actions - Fraudulent Transfers.

The Applicable Legal Tests for Insolvency.

Insolvency Test: The Valuation of Debts.

The Insolvency Test: Valuation of Assets.

Proof of Insolvency by Retrojection.

The Insolvency Test: Comparing Assets and Debts.

Is the Public Market's Assessment in the Past Conclusive Proof of Solvency, Even If the Company Later Fails?

Use of Hindsight in the Valuation Process.



Chapter 9 Solvency Opinions.


Who uses Solvency Opinions?

Solvency Opinion Preparation.

Solvency Metrics.

Case Studies.



Chapter 10 Daubert.

Challenges to Experts or Their Testimony.

Lack of Relevance.

Practical Lessons from Daubert Cases for Experts and Lawyers.




AICPA Statement on Standards for Valuation Services No. 1, Valuation of a Business, Business Ownership Interest, Security, or Intangible Asset.


Read More Show Less

Customer Reviews

Be the first to write a review
( 0 )
Rating Distribution

5 Star


4 Star


3 Star


2 Star


1 Star


Your Rating:

Your Name: Create a Pen Name or

Barnes & Review Rules

Our reader reviews allow you to share your comments on titles you liked, or didn't, with others. By submitting an online review, you are representing to Barnes & that all information contained in your review is original and accurate in all respects, and that the submission of such content by you and the posting of such content by Barnes & does not and will not violate the rights of any third party. Please follow the rules below to help ensure that your review can be posted.

Reviews by Our Customers Under the Age of 13

We highly value and respect everyone's opinion concerning the titles we offer. However, we cannot allow persons under the age of 13 to have accounts at or to post customer reviews. Please see our Terms of Use for more details.

What to exclude from your review:

Please do not write about reviews, commentary, or information posted on the product page. If you see any errors in the information on the product page, please send us an email.

Reviews should not contain any of the following:

  • - HTML tags, profanity, obscenities, vulgarities, or comments that defame anyone
  • - Time-sensitive information such as tour dates, signings, lectures, etc.
  • - Single-word reviews. Other people will read your review to discover why you liked or didn't like the title. Be descriptive.
  • - Comments focusing on the author or that may ruin the ending for others
  • - Phone numbers, addresses, URLs
  • - Pricing and availability information or alternative ordering information
  • - Advertisements or commercial solicitation


  • - By submitting a review, you grant to Barnes & and its sublicensees the royalty-free, perpetual, irrevocable right and license to use the review in accordance with the Barnes & Terms of Use.
  • - Barnes & reserves the right not to post any review -- particularly those that do not follow the terms and conditions of these Rules. Barnes & also reserves the right to remove any review at any time without notice.
  • - See Terms of Use for other conditions and disclaimers.
Search for Products You'd Like to Recommend

Recommend other products that relate to your review. Just search for them below and share!

Create a Pen Name

Your Pen Name is your unique identity on It will appear on the reviews you write and other website activities. Your Pen Name cannot be edited, changed or deleted once submitted.

Your Pen Name can be any combination of alphanumeric characters (plus - and _), and must be at least two characters long.

Continue Anonymously

    If you find inappropriate content, please report it to Barnes & Noble
    Why is this product inappropriate?
    Comments (optional)