RT Journal Article SR Electronic T1 Bankruptcy Investing JF Turnaround Management FD Institutional Investor Journals SP 107 OP 114 VO 2003 IS 1 A1 Ben S. Branch A1 Hugh Ray YR 2003 UL http://guides.pm-research.com/content/2003/1/107.abstract AB The authors of the book Bankruptcy Investing: How to Profit from Distressed Companies (Beard Books, 2002) take a fresh look at this topic. They offer 10 rules for bankruptcy investors, including why you should buy the bonds of a bankrupt company and avoid the stocks, how the absolute priority of claims principle applies, the political nature of Chapter 11 and who the players and their agendas are, conflicts in placing a value on the emerging firm, what financial documents to analyze, categories of claims, and the volatility inherent in distressed and defaulted securities.