Written by leading experts in the field of business finance law and economics this edited volume brings together the latest thoughts and developments on turnaround management and business rescue from an academic judiciary and turnaround/insolvency practitioner perspective. Turnaround Management and Bankruptcy presents different viewpoints on turnarounds and business rescue in Europe. Presenting a state-of-the-art review of failure research in finance such as on bankruptcy prediction causes of decline or distressed asset valuation. It also presents the latest insights from turnaround management research as well as giving a contemporary insight into law debates on insolvency legislation reform cross-border judicial issues bankruptcy decision-making by judges and competition policy in distressed economies. Finally the book provides a regional and sector perspective on how the current crisis affects Europe its government policies and industry performance. In this way the volume presents a modern interdisciplinary and scholarly overview of the latest insights issues and debates in turnaround management and business rescue developing a European perspective in an attempt to redress the predominance of an American orientation in the academic literature. It aims at a wider audience interested in turnarounds and failure such as faculty and students in the fields of law business economics accountancy finance strategic management and marketing but also at judges insolvency practitioners lawyers accountants and turnaround professionals as well as the EU and government officials staff of trade unions and employer’s associations.