Introductory corporate finance courses mainly focus on the costs of financial distress as one of the important determinants of optimal amount of debt in the capital structure. This elective course aims at understanding the casues of financial distress, how to avoid it, and if it becomes inevitable, what are the exit strategies available to the company. Throughout the course, we will visit financial, legal, and strategic issues associated with the corporate restructuring process. It includes a module on corporate governance in distressed firms.