Negotiations in Companies with Financial Difficulties

Marc Helmold () and Tracy Dathe ()
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Marc Helmold: IUBH Internationale Hochschule

Chapter Chapter 14 in Successful International Negotiations, 2020, pp 201-213 from Springer

Abstract: Abstract Financial distress or financial crisis is a term in corporate finance which is a situation in which a company faces severe financial problems and struggles in satisfying financial obligations, e.g. debts, loan payments, etc. (Gabler-Wirtschaftslexikon, 2018). The term is used to indicate a condition when promises to creditors of a company are broken or honoured with difficulty. If financial distress cannot be relieved, it will ultimately lead to insolvency.

Date: 2020
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DOI: 10.1007/978-3-030-33483-3_14

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