Examlex
Provide examples of your experiences when answering interview questions.
Financial Distress Costs
Expenses incurred by a firm facing financial difficulties, including legal, administrative, and potentially bankruptcy-related costs.
Reorganization
Financial restructuring of a failing firm to attempt to continue operations as a going concern.
Going Concern
An assumption that a company will continue to operate in the foreseeable future, without the intention or necessity of liquidation.
Financial Restructuring
The process of reorganizing a company's financial structure through various means, including changing the mix of debt and equity.
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