Jan Adriaanse is Professor of Turnaround Management at Leiden University, The Netherlands.

Jean-Pierre van der Rest is Professor of Business Administration at Leiden University, The Netherlands.

Foreword by Bob Wessels

Part 1: Historical Perspectives

1. The History of Corporate Turnaround Management - Personal Reflections

Donald Bibeault

2. Business Rescue, Turnaround Management and the Legal Regime of Default and Insolvency in Western History (Late Middle Ages to Present Day)

Dave De ruysscher

Part 2: Business Failure

3. Some Causes of Organizational Decline

William McKinley

4. Predicting Business Failure

Nico Dewaelheyns, Sofie De Prijcker, and Karen Van Den Heuvel

5. A Theoretical Framework for Restructuring

Joost de Haas and Pieter Klapwijk

6. Valuation in Good Times and Bad

Jan Vis

Part 3: Turnaround Management

7. Turnaround Planning: Insights from Evolutionary Approaches to the Theory of the Firm

Gianpaolo Abatecola and Vincenzo Uli

8. Turnaround Strategies - Practical Insights from a 47-Year Career

Donald Bibeault

9. Why Must Companies Reorganize and Why do They Wait so Long? Insights from Practice

Kathryn Rudie Harrigan

10. Human Considerations In Turnaround Management - A Practitioner's View

Yuval Bar-Or

11. The Executioner's Dilemma: Explaining Role Stress by Ethical Conflict among Those That Carry Out a Downsizing Event

Rick Aalbers and Philippos Philippou

Part 4: Legal Issues and Ethics

12. Why Rescue? A Critical Analysis of the Current Approach to Corporate Rescue

David Burdette and Paul Omar

13. Towards a European Business Rescue Culture

Gert-Jan Boon and Stephan Madaus

14. Effectiveness of Preventive Insolvency Frameworks in the EU

Mihaela Carpus Carcea, Daria Ciriaci, Carlos Cuerpo Caballero, Dimitri Lorenzani, and Peter Pontuch

15. An Overview of the Pre-Insolvency Procedures in the United Kingdom and South Africa

Alexandra Kastrinou and Lezelle Jacobs

16. The Ethics of State Bankruptcy

Jukka Kilpi and Simon Elo

Part 5: Industry Perspectives

17. Firm Turnarounds in Knowledge Intensive Industries

Vincent Barker III and Achim Schmitt

18. Turning SMEs Around - On Breaking And Making Organizational Paths

Jörg Freiling and Hartmut Meyer

Part 6: Cases & Game

19. Back to the Future - The General Motors Restructuring Plan

Jan Adriaanse

20. Business Failure in the U.S. Restaurant Industry

H. G. Parsa

21. Turnaround Workout Game: To Rescue The Uganda Hotel-Casino Group, Or Not...?

Jan Adriaanse, Arnoud Griffioen, and Jean-Pierre van der Rest

Epilogue: A Synopsis of the Present and Future of Turnaround Management and Bankruptcy

Tim Verdoes, Jean-Pierre van der Rest, and Jan Adriaanse