Describe the Options That Are Available to a Corporation That

question 15

Essay

Describe the options that are available to a corporation that is unable to service its debts on a timely basis but that does NOT require court action.

---

Definitions:

Economic Recovery

The phase following a period of economic downturn or recession, characterized by a gradual improvement in the health of an economy, marked by increases in employment, consumer spending, and overall economic growth.

Robert Rubin

An American economist and banking executive who served as the 70th United States Secretary of the Treasury during the Clinton administration.

Wall Street

A street in lower Manhattan that is home to the New York Stock Exchange and represents the heart of the financial district and the world of American financial markets.

Triangulation

In navigation or surveying, the method of determining a location or area by forming triangles to it from known points. In social sciences, using multiple perspectives to analyze data.