Alexandria, Va. — The American Bankruptcy Institute has just released The Professional's Guide to Nonbankruptcy Alternatives to give practitioners practical out-of-court restructuring strategies and how they may fit with the needs of a distressed business. As bankruptcy is only one instrument in the insolvency professional’s toolbelt, authors Michael DiPietro, Ashley Champion and Michael Riedl of Polsinelli touch on creditor compositions, Restructuring Support Agreements (RSAs), assignments for the benefit of creditors, UCC Article 9 foreclosures and receiverships for ailing companies not able to afford the time and costs of a bankruptcy proceeding.

“A successful restructuring comes in all shapes and sizes, and we all need to be ready to react when those instances arise,” according to the authors in the introduction to The Professional's Guide to Nonbankruptcy Alternatives. “This book is a guide for restructuring professionals to garner the knowledge necessary to consider out-of-court workouts as a means to a restructuring end.”

The softbound Guide is available for $65 for ABI members and $72.95 for non-members at the ABI Bookstore. Readers can also access this informative new title along with nearly 100 other key bankruptcy treatises via ABI’s Digital Book Subscription.

Members of the press interested in interviewing any of the co-authors should contact John Hartgen at 703-894-5935 or jhartgen@abi.org.

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ABI is the largest multi-disciplinary, nonpartisan organization dedicated to research and education on matters related to insolvency. ABI was founded in 1982 to provide Congress and the public with unbiased analysis of bankruptcy issues. The ABI membership includes nearly 10,000 attorneys, accountants, bankers, judges, professors, lenders, turnaround specialists and other bankruptcy professionals, providing a forum for the exchange of ideas and information. For additional information on ABI, visit www.abiworld.org. For additional conference information, visit http://www.abi.org/calendar-of-events.