DESCRIPTIVE QUESTIONS
  1. Distinguish between economic failure and financial failure.
  2. Explain how corporate financial distress is predicted.
  3. “Measures to handle corporate financial distress vary from one case to the other”. Discuss. Explain in this context the role of contingency plans and voluntary settlements.
  4. Describe financial reorganisation. What are the steps taken in this respect?
  5. Explain liquidation of a company. Is it always preferable to financial reorganisation?

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