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A company will be in distress or considered as financially distressed firms if there is a reasonable likelihood that the company may reach a position
A company will be in distress or considered as financially distressed firms if there is a reasonable likelihood that the company may reach a position within the next six months where it will no longer be able to pay its debt as it becomes due and payable. Which financial strategies can be used for value creation for financially distressed firm? Justify your answer with suitable examples.
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