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Foreword / by Bob Wessels -- Historical perspectives -- The history of corporate turnaround management : personal reflections / Donald Bibeault -- Business rescue, turnaround management and the legal regime of default and -- Insolvency in western history (late middle ages to present day) / Dave De Ruysscher -- Business failure -- Some causes of organizational decline / William McKinley -- Predicting business failure / Nico Dewaelheyns, Sofie De Prijcker, and Karen Van Den Heuvel -- A theoretical framework for restructuring / Joost de Haas and Pieter Klapwijk -- Valuation in good times and bad / Jan Vis -- Turnaround management -- Turnaround planning : insights from evolutionary approaches to the theory of the firm / Gianpaolo Abatecola and Vincenzo Uli -- Turnaround strategies : practical insights from a 47-year career / Donald Bibeault -- Why must companies reorganize and why do they wait so long? : insights from practice / Kathryn Rudie Harrigan -- Human considerations in turnaround management : a practitioner?s view / Yuval Bar-Or -- The executioner's dilemma : explaining role stress by ethical conflict among those that carry out a downsizing event / Rick Aalbers and Philippos Philippou -- Legal issues and ethics -- Why rescue? : a critical analysis of the current approach to corporate rescue / David Burdette and Paul Omar -- Towards a European business rescue culture / Gert-Jan Boon and Stephan Madaus -- Effectiveness of preventive insolvency frameworks in the EU / Mihaela Carpus Carcea, Daria Ciriaci, Carlos Cuerpo Caballero, Dimitri Lorenzani, and Peter -- Pontuch -- An overview of the pre-insolvency procedures in the united kingdom and south africa / Alexandra Kastrinou and Lezelle Jacobs -- The ethics of state bankruptcy / Jukka Kilpi and Simon Elo -- Industry perspectives -- Firm turnarounds in knowledge intensive industries / Vincent Barker III and Achim Schmitt -- Turning smes around : on breaking and making organizational paths / Jorg Freiling and Hartmut Meyer -- Cases & game -- Back to the future : the general motors restructuring plan / Jan Adriaanse -- Business failure in the U.S. restaurant industry / H. G. Parsa -- 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 -- Index of terms -- Index of names