Defining Corporate Failure: Addressing the ‘Financial Distress’ Concept: Part 1

Wood, John Michael (2014) Defining Corporate Failure: Addressing the ‘Financial Distress’ Concept: Part 1. Insolvency Intelligence, 27 (3). pp. 38-40. ISSN 0950-2645

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Abstract

The term “financial distress” has, like no other within the realms of corporate failure, caused such problems when being applied in practice. Questions surrounding how the concept should be applied has led to some disparity when applied to circumstances, which have been similar in nature. The different outcomes have inevitably left the law requiring some clarification. This paper intends to highlight the historical approach to assessing financial distress and review the current developments in the law.

Item Type:
Journal Article
Journal or Publication Title:
Insolvency Intelligence
ID Code:
187616
Deposited By:
Deposited On:
28 Feb 2023 15:40
Refereed?:
Yes
Published?:
Published
Last Modified:
28 Feb 2023 15:40