Direct costs of financial distress(redirected from Direct Cost of Financial Distress)
Direct costs of financial distress
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
Direct Costs of Financial Distress
Any fees or penalties that result from a bankruptcy or liquidation. An obvious example is the fee one must pay to a bankruptcy attorney. However, other fees, perhaps broker fees resulting from the liquidation of stock, may also be attached.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved