Turnaround and Distressed Investing  ·  Chapter 25 of 32
Chapter 25

Verified Sources and Where to Find Documents

What is actually free, what is not, and the corrections that matter

Verified
September 2026
6 corrections
to commonly circulated guidance
EDGAR
the most commonly omitted source

Most published resource lists for this field contain a mix of accurate recommendations, dead links, paywalled material described as free, and guidance that has been overtaken by litigation. This chapter records what was verified, what was wrong, and where the primary documents actually live.

Confirmed and live

Wall Street Prep's 11-part free restructuring mini-course is real, complete, and hosted at wallstreetprep.com/knowledge/quick-lesson-demystifying-financial-restructuring/ with a downloadable Excel file. Older YouTube video descriptions point at a /blog/ path that has moved.

Kroll Restructuring Administration (formerly Prime Clerk) hosts free Chapter 11 dockets at cases.ra.kroll.com and restructuring.ra.kroll.com. Old Prime Clerk URLs redirect. This is the single highest-value free resource in the field.

Damodaran publishes the paper Valuing Distressed and Declining Companies, the corresponding lecture slides, full semester valuation webcasts, lecture notes, spreadsheets, and datasets — all free at pages.stern.nyu.edu/~adamodar/.

Michael Gatto's credentials check out in full: one of Silver Point Capital's first employees, its first non-founding partner, now head of its private-side businesses; adjunct professor at both Columbia Business School and Fordham's Gabelli School; previously ran credit training programmes at Citibank, which is why his teaching is unusually well structured.

Corrections to commonly circulated guidance

The Weil blog URL. It is not bankruptcy.weil.com. The blog lives at restructuring.weil.com, branded both 'Weil Bankruptcy Blog' and 'Weil Restructuring', and it remains active.

Gatto's Credit Investor's Handbook is a book, not a channel. Resource lists frequently present it alongside podcasts as though it were free video content. It is a Wiley textbook. His podcast appearances are promotional summaries of it.

ABI content is mostly paid. The YouTube channel and the Podbean podcast network are free. The abiLIVE webinar catalogue is largely $125 per session, with only a scattering priced at zero. Lists describing a free library of ABI panel recordings are describing something that does not exist.

The TMA Journal of Corporate Renewal is a membership benefit. TMA's own FAQ is explicit that the journal and the members-only sections come with membership. Recent issue topics are strong, but it does not belong on a list of free resources without that caveat.

There is no free Wharton distressed lecture archive. Kevin Kaiser is real, is an adjunct full professor of finance at Wharton, and does teach distressed valuation — but Wharton's content in this area is paid executive education and the Wharton Online / Wall Street Prep certificate. What is on YouTube is marketing.

Robert Drain is not a sitting judge. He retired from the Southern District of New York bankruptcy bench in 2022 after more than twenty years and joined Skadden's corporate restructuring group as of counsel. He still speaks on panels, now from a practitioner's perspective.

Where guidance goes stale fastest

The liability management chapter of any resource list written before 2025 should be treated as out of date. Materials that teach Serta-style uptiering as settled technique are teaching a structure the Fifth Circuit held to breach the credit agreement, and on which the participating lenders were subsequently held liable for approximately $400 million.

The correct current framing is the one in Chapters 19 and 20: outcomes turn on specific contract language, Serta and Mitel reached opposite results on similar transactions, and the market has already moved to extend-and-exchange, double-dip, triple-dip, and pari-plus structures that do not depend on the provision that was litigated.

The most commonly omitted sources

SEC EDGAR is the largest omission in almost every list. Credit agreements are filed as exhibits to 8-Ks and 10-Ks; restructuring support agreements, transaction support agreements, and forbearance agreements are filed too. Reading the Serta and Mitel agreements side by side is the exercise that makes liability management comprehensible, and no summary substitutes for it.

Free case law. CourtListener and RECAP (Free Law Project) provide federal opinions and an archive of PACER documents. govinfo.gov carries federal court opinions. The Delaware, SDNY, and SDTX bankruptcy courts post significant opinions on their own sites, and those three districts handle most large-cap Chapter 11s. PACER itself is not free but is nearly so — $0.10 per page, waived below $30 per quarter.

Other claims agents. If a case is not on Kroll, check Stretto, Epiq, Verita Global (formerly KCC), Omni Agent Solutions, and Donlin Recano.

Pari Passu (restructuringnewsletter.com), written by a hedge fund analyst and former restructuring banker, publishes weekly transaction write-ups typically exceeding 5,000 words and is consistently first to cover new structures. Posts move behind a paywall after publication, so subscribe to the free list and read them as they land.

Law firm alerts beyond the usual three. Jones Day's quarterly Business Restructuring Review is free and excellent; Akin Gump, Cleary Gottlieb, Mayer Brown, Holland & Knight, Mintz, and Davis Polk all publish substantive free alerts. Reading three firms on the same development shows you where the genuine ambiguity is.

Rating agency default studies. Moody's, S&P, and Fitch publish annual corporate default and recovery studies free with registration. Without these you are guessing at recovery assumptions rather than anchoring them.