Responses to Financial Distress Think of the two sides of the balance sheet. Asset Restructuring: – Selling major assets – Merging with another firm –
{"Image DocumentName": "Responses to Financial Distress", "Image ImageDescription": "Think of the two sides of the balance sheet. Asset Restructuring: Selling major assets. Merging with another firm. Reducing capital spending and R&D spending. Financial Restructuring: Issuing new securities. Negotiating with banks and other creditors. Exchanging debt for equity. Filing for bankruptcy.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}