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Financial Distress

   Also found in: Wikipedia 0.01 sec.
Financial distress
Events preceding and including bankruptcy, such as violation of loan contracts.

Financial Distress
A stage before bankruptcy where a company's creditors are not being paid or are paid with significant difficulty. While a company can avoid moving from financial distress to bankruptcy, it can be very difficult. Often, financial distress can come with its own costs, such as fees paid to lawyers or the costs of extra interest for late payments. See also: Costs of financial distress.


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When Robert leaves for a four-week seminar, Glenda turns to her friends for support, all of whom are in similar financial distress.
One in three families have already experienced financial distress this year, government reports show.
We also find that a firm that significantly cuts its trade receivables when in financial distress will experience an additional drop of at least 13% in sales and stock returns over the previously documented 20% average drop for financially troubled firms.
 
 
 
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