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Pages:
8 pages/≈4400 words
Sources:
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Level:
APA
Subject:
Literature & Language
Type:
Research Paper
Language:
English (U.S.)
Document:
MS Word
Date:
Total cost:
$ 39.95
Topic:
Costs, Forms, Causes, and Indicators of Financial Distress (Research Paper Sample)
Instructions:
Research on financial distress
source..Content:
TOPIC SIX
FINANCIAL DISTRESS
6.2.1 Meaning of financial distress and corporate bankruptcy
Financial distress is a term in corporate finance used to indicate a condition when promises to creditors of a company are broken or honored with difficulty. A situation where a firm’s operating cash flows are not sufficient to satisfy current obligations and the firm is forced to take corrective action. If financial distress cannot be relieved, it can lead to bankruptcy. It is a broad concept that comprises several situations in which firms face some form of financial difficulty. If financial distress cannot be relieved, it can lead to bankruptcy.
Cost of financial distress
- Direct costs
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