This graduate paper focuses on the bankruptcy of LTV corporations, which was the 4th largest steel producer in the United States. LTV steel sough chapter-11 shelter last year after serious management blunders resulted in heavy annual losses and it became evident that the firm could no longer operate. The closure of LTV steel corporation serves another shattering blow to the already recession plagued U.S economy and if this trend continues in the next few quarters, the American corporate world would be in serious trouble. 12 pgs. Bibliography lists 6 sources.
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