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Course Description

In this lesson, we will challenge two financial distress assumptions: no direct financial distress costs and no indirect financial distress costs. We live in a world of taxes and cost of financial distress. Therefore, taxes and costs associated with financial distress are important components of a firm’s capital structure. In this lesson, you will explore what it takes for a firm to survive during both prosperity and recession. You will also weigh the advantages of safety net options such as fixed- or floating-rate loans and short- or long-term loans, as well as varying types of covenants attached to a debt agreement.

Benefits to the Learner

  • Examine key concepts related to financial distress
  • Examine a real-life example of the effects of liquidation and reorganization
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Type
self-paced (non-instructor led)
Dates
Nov 28, 2018 to Dec 31, 2030
Total Number of Hours
1.0
Course Fee(s)
Regular Price $0.00
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