OverLeveraged is an undergraduate distressed debt and restructuring club. In our workshop, we will provide a brief primer on the restructuring process and strategies for distressed debt investors to profit through the bankruptcy process.

In the primer we will detail what drives companies into bankruptcy, basic strategies to reduce debt burdens outside of bankruptcy and within bankruptcy, debt waterfalls (projecting returns for distressed debt investors), and the role of differing types of subordination within distressed investing strategies. After the primer we will walk through a case study on the Claire’s bankruptcy, analyzing the strategies of different distressed investors and ultimately looking at how the bankruptcy unfolded. This will be a great opportunity to see what the distressed debt and restructuring process looks in application.

Point Person: Andrew Liu | andrewliu@uchicago.edu