$12.$ During a finance seminar, the speaker discusses the risks associated with excessive debt in a company's balance sheet. They mention that while debt can provide tax benefits and leverage, it can also lead to financial distress and associated costs. Could you provide some examples of how managers might manipulate financial decisions to benefit shareholders at the expense of bondholders, considering the risks of financial distress?" Additionally, can you also give examples of both direct and indirect costs of financial distress?