Saturday, May 26, 2012

Financial Management During Sickness and Bankruptcy

Financial Management During Sickness and Bankruptcy

Financial Management During Sickness and Bankruptcy

Financial management revision article series

Authors

Businesses are risky ventures. When somebody takes a risk he has the expectation of higher return but at the same there is a possibility of significant downside. Therefore, among the many businesses that exist in a country, or around the globe, some get affected and get into financial distress.
 
Financial managers need to understand the legal and regulatory provisions applicable to firms in distress to manage appropriately during the period.
 
 
 

References

 

Prasanna Chandra, Financial Management, 5th Ed.,  Tata McGraw Hill, 2001

Brealey and Myers, Corporate Finance, Fifth Edition, Prentice Hall India, 2001

 

Invitation to Readers

 

Open Collaboration Knol. Please add or edit as you feel appropriate

 

Let us join together in keeping the knols up to date and comprehensive

1 comment:

  1. Bankruptcy is the last option one should go for in order to get rid of secured and unsecured debts. Once you file bankruptcy, it will reduce your score by more than 200 points. Once you bankruptcy filing is discharged, you should make sure that you take steps in order to improve your credit scores.

    bankruptcy Attorney in illinois

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