George Schultze truly loves what he does as a major player in the distressed investing world. As the portfolio manager for Schultze Asset Management, he and his team have over $250 million in funds under management. They have a strong background in perfecting strategy by analzying the true value of distressed companies, and have been honing a successful approach to making money on financially troubled companies for years. Recently, George was thrust into the spotlight as one of nine companies criticized by President Obama as "speculators, holding out" on the Chrysler bailout terms, accused of ultimately causing Chrysler to file chapter 11. But the government's involvement in the Chrysler bailout sparked a debate about bankruptcy investing; were existing regulations adhered to or hopscotched because of political preferences? Were certain second-tier unsecured lenders to benefit from the government's involvement before secured private lenders? What do the terms of bailouts do to the rates at which security investors decide to lend money, and what type of companies they invest in? Here, George discusses distressed security investing theory & strategy while presenting current case studies in order to offer readers a look at how the playing field may have changed in recent years.