財(cái)務(wù)管理：理論與實(shí)踐25show-wenkub
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【正文】 ? What informal remedies are available to firms in financial distress? 25 8 Copyright 169。 20xx Harcourt Inc. All rights reserved. ?A large number of businesses fail each year, but the number in any one year has never been a large percentage of the total business population. ?The failure rate of businesses has tended to fluctuate with the state of the economy. Do business failures occur evenly over time? 25 4 Copyright 169。25 1 Copyright 169。 20xx Harcourt Inc. All rights reserved. ?Bankruptcy is more frequent among smaller firms. ?Large firms tend to get more help from external sources to avoid bankruptcy, given their greater impact on the economy. What size firm, large or small, is more prone to business failure? 25 5 Copyright 169。 20xx Harcourt Inc. All rights reserved. ?Workout: Voluntary informal reanization plan. ?Restructuring: Current debt terms are revised to facilitate the firm’s ability to pay. ?Extension: Creditors postpone the dates of required interest or principal payments, or both. Creditors prefer extension because they are promised eventual payment in full. Informal Bankruptcy Terminology (More...) 25 9 Copyright 169。 20xx Harcourt Inc. All rights reserved. ?Informal Reanization: ?Less costly ?Relatively simple to create ?Typically allows creditors to recover more money and sooner. What are the major differences between an informal reanization and reanization in bankruptcy? (More...) 25 13 Copyright 169。 20xx Harcourt Inc. All rights reserved. ?Secured creditors. ?Trustee’s administrative costs. ?Expenses incurred after involuntary case begun but before trustee appointed. ?Wages due workers within 3 months prior to filing. List the priority of claims in a Chapter 7 liquidation. (More...) 25 17 Copyright 169。 20xx Harcourt Inc. All rights reserved. Creditor Claim Distribution Unsatisfied Accrued wages $ $ $ Federal taxes Other taxes First mortgage Second mortgage $ $ $ Notes: (1) Fi
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