Corporate Distress
Corporate distress is a state in which a corporate entity is unable to generate enough revenue or income to fulfil or pay its financial obligations. This is normally because of huge fixed costs, a high percentage of illiquid assets in the business, or revenue that is susceptible to economic downturns.
Ignoring the signals of corporate distress before they become too severe and out of control might be disastrous. There may come a moment when severe corporate distress cannot be alleviated because the company’s outstanding liabilities have become and grown too large to be repaid. If this occurs, bankruptcy may be the only option available.
Jimolda helps you to prevent bankruptcy and help you out in case you are there already. Take advantage of our bailout.
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