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Business turnround

• The specialists: the spreading wings of Chapter 11 experts
• Guest column: Allan Leighton of Royal Mail - -

Rescuers armed with new ideas

John Willman finds times and methods have changed dramatically for insolvency experts

THE SPECIALISTS: Growing army of experts that can help a company rebound

A new batch of firms looks beyond finances to operational issues. Ross Tieman reports

THE PROFESSIONALS: Big Four preach virtues of scale

Ross Tieman finds wider corporate creditor pools and increased competition creating a new paradigm in business restructuring

TOP TIPS: Admit defeat for recovery

Sarah Murray says companies find it hard to recognise that they have a problem

MANAGEMENT CONSULTANCIES: Business surgeons must focus on recovery

Stefan Stern says the best consultants look beyond a company merely surviving a close call with bankruptcy – and fulfilling shareholder expectations is key to success or failure

LAWYERS: Legal profession steps in to decipher increasing complexity

Michael Peel says lawyers’ growing involvement helps avert total disaster

M&S comes out of intensive care – but is not yet fighting fit

The company’s chief executive is in the home straight of a successful turnround, writes Elizabeth Rigby

Lessons in motivating the staff

Jonathan Birchall reports on the transformation of JC Penney and how it survived Wal-Mart’s challenge

Scandal-torn group passes ‘period of fear’l

Adrian Michaels reports on the revival of Parmalad, the Italian dairy company

A steady fight back from spectacular collapse

Rhodia, the specialty chemicals group, has returned from the brink. Arkema, another French chemnicals group, has begun a parallel recovery

INSOLVENCY: A way through the maze

PRIVATE EQUITY: The art of bringing order – and healthy returns – out of chaos

GUEST COLUMN: Rock ’n’ roll is just hitting the high notes