Writing for financial analysts, portfolio managers, distressed-debt trading desks, and bankruptcy lawyers, Moyer, director of research for an investment bank, explains techniques for investing in the securities of financially distressed companies, using chess strategy as an analogy for investment. He begins by describing the scope and nature of the distressed debt market, then tells how to recognize financially distressed companies, looks at legal issues, and examines practical aspects of distressed debt investment. Annotation ©2004 Book News, Inc., Portland, OR (booknews.com)