Financial distress

Financial distress is a term in corporate finance used to indicate a condition when promises to creditors of a company are broken or honored with difficulty. If financial distress cannot be relieved, it can lead to bankruptcy. Financial distress is usually associated with some costs to the company; these are known as costs of financial distress.

Insolvency
Processes
Officials
Claimants
  • Creditor
  • Preferential creditor
  • Secured creditor
  • Unsecured creditor
Restructuring
Avoidance regimes
Offences
Security
International
By country
Other
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