Research output: Contribution to Journal/Magazine › Journal article › peer-review
Research output: Contribution to Journal/Magazine › Journal article › peer-review
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TY - JOUR
T1 - Defining Corporate Failure: Addressing the ‘Financial Distress’ Concept: Part 1
AU - Wood, John Michael
PY - 2014/1/1
Y1 - 2014/1/1
N2 - 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.
AB - 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.
UR - http://clok.uclan.ac.uk/12898/
M3 - Journal article
VL - 27
SP - 38
EP - 40
JO - Insolvency Intelligence
JF - Insolvency Intelligence
SN - 0950-2645
IS - 3
ER -