第三十一章财务困境
Chapter Outline
31.1 What is Financial Distress?31.2 What Happens in Financial Distress?31.3 Bankruptcy Liquidation and Reorganization31.4 Private Workout or Bankruptcy: Which is Best?31.5 Prepackaged Bankruptcy31.6 Summary and Conclusions
31.1 What is Financial Distress?
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.Financial distress may lead a firm to default on a contract, and it ma ...