Financial Distress

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Financial distress - Financial distress is a term in Corporate Finance used to indicate a condition when promises to creditors of a company are broken or honored with difficulty. Somtimes financial distress can lead to bankruptcy.

Kenneth Thomas - Kenneth Thomas (born February 24, 1938 in Mead, Oklahoma) was Chief Financial Officer of the United States Chess Federation from April 23 to December 31, 2004. He took over the position of CFO of the USCF during a period of great financial distress, with the USCF having lost money seven years in a row, with total losses amounting to $1.

Financial institution - In Financial economics, a financial institution acts as an agent that provides financial services for its clients. Financial institutions generally fall under financial regulation from a government authority.

Financial accountancy - Financial accountancy (or financial accounting) is the branch of accountancy concerned with the preparation of financial statements for external decision makers, such as stockholders, suppliers, banks and government agencies. The fundamental need for financial accounting is to reduce principal-agent problem by measuring and monitoring ...


Suggested Web Sites

First Amherst Financial Group, LLC - Purchases small to mid-size distressed loans and problem assets from financial institutions. Amherst, New Hampshire.

Bid 4 Assets - Online auction of distressed assets from financial institutions, government and private industry.

Elizabeth Finn Trust - Aims to relieve need and distress among British and Irish professional people and their families. Includes difficulties associated with old age, infirmity, disability, social isolation or financial need. Previously known as the Distressed Gentlefolk's Aid Association. Detailed information on the Trust including: how to donate; how to benefit; and how to work there

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