Thomas Salerno, along with a team of writers from Stinson LLP, has updated Pre-Bankruptcy Planning for the Commercial Reorganization. As the authors note in this third edition of the popular title, “Pre-bankruptcy planning for the commercial chapter 11 reorganization can be broken down conceptually into four distinct (although interrelated) categories, which are set forth in no particular order of priority: (1) preparation of management, key employees and exit strategy; (2) business preparation; (3) legal preparation; and (4) tax preparation.” This update is an invaluable guide for CFOs, General Counsel, and tax advisors, as well, of course, for practitioners who represent them in going through a reorganization.