In order to survive, a company in financial distress must approach its business and capital structure differently than a financially sound company. A company in financial distress may, for example, need to preserve cash by stretching accounts payable, to raise cash by selling assets, or to arrange for emergency liquidity from institutional lenders. The response of a company to its deteriorating financial condition will almost certainly affect, perhaps in material ways, a company s key constituents.
Financially Distressed Companies Answer Book 2015 provides a broad overview of topics relating to financially distressed companies. It is intended to be an.
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