Chapter 2: Corporate Failure Flashcards

(13 cards)

1
Q

When do organisations face more uncertainty

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2
Q

What are the 2 types of failure processes

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3
Q

Define Financial Distress and the possible outcomes

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4
Q

Define Default

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5
Q

What are reponses to financial distress

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6
Q

Bankruptcy has 2 outcomes, define them

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7
Q

what are the indirect costs of financial distress

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8
Q

what are the purposes of bankruptcy

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9
Q

What is the bankruptcy plan

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10
Q

What is liquidation

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11
Q

What is Reorgansisation

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12
Q

Define Voluntary and Involuntary Bankruptcy

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13
Q

Define Insolvency and Flow-based Insolvency

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