Publications
Publications
- September 1992 (Revised March 2007)
- HBS Case Collection
Kaiser Steel Corporation, 1987
By: Timothy A. Luehrman
Abstract
Kaiser Steel entered Chapter 11 bankruptcy proceedings in early 1987. Nine months later it still faces several difficult obstacles to reorganization, including litigation, environmental liabilities, and pension and medical benefits for retired employees. Students are asked to propose a plan for reorganizing Kaiser, including a business plan, a confirmable allocation of assets and/or new securities, and specific steps to implement their proposals and bring the company out of Chapter 11. Addresses conflicts among claimants to a bankrupt firm and the obstacles and opportunities presented to each claimant by U.S. Chapter 11 bankruptcy rules. May be used with Note on Bankruptcy in the United States.
Keywords
Business Plan; Insolvency and Bankruptcy; Employee Relationship Management; Resource Allocation; Opportunities; Conflict and Resolution; Steel Industry; United States
Citation
Luehrman, Timothy A. "Kaiser Steel Corporation, 1987." Harvard Business School Case 293-019, September 1992. (Revised March 2007.)