A STUDY ON PROBING THE EFFECTS OF FINANCIAL DISTRESS AND DEFAULT ON BUSINESS AND PERSONAL FINANCIAL STABILITY

Authors

  • Ms. T. GOWTHAMI MBA Assistant Professor, Department of Management, Siva Sivani Degree College, Sec-Bad-100 Author

Abstract

A person or organization is in financial hardship if they are unable to meet their
financial obligations due to a lack of sufficient revenue or income. This problem usually arises
when there are high fixed expenses, a lot of assets that aren't easily convertible, or when the
income is vulnerable to economic downturns. Inadequate budget management, overspending, a
mountain of debt, legal conflicts, or job loss are some of the personal circumstances that may
lead to financial hardship. Neglecting to recognize the early indicators of financial trouble might
result in severe repercussions. When an entity's or an individual's financial commitments grow
too great to manage, there may come a time when no amount of relief will be enough. In such a
case, filing for bankruptcy may be the only option.

Downloads

Published

2023-09-24

Issue

Vol. 13 No. 3 (2023): July-September

Section

Articles

How to Cite

A STUDY ON PROBING THE EFFECTS OF FINANCIAL DISTRESS AND DEFAULT ON BUSINESS AND PERSONAL FINANCIAL STABILITY. (2023). INTERNATIONAL JOURNAL OF MANAGEMENT RESEARCH AND REVIEW, 13(3), 1-9. https://ijmrr.com/index.php/ijmrr/article/view/346

Most read articles by the same author(s)