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Who stands to benefit when companies collapse?
![Patrick Augustin Patrick Augustin](https://www.mcgill.ca/desautels/files/desautels/styles/fullwidth_breakpoints_theme_moriarty_small_1x/public/patrick-augustin-fin_0.jpg?itok=De4BUIiZ×tamp=1479409141)
Following the collapse of veteran tour operator Thomas Cook, Professor Patrick Augustin has co-authored an article that highlights the problem with “empty creditors”, a growing financial market phenomenon impacting distressed firms, and how hedge funds stand to benefit.
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