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Many people believe that when a firm goes into financial distress, it is finished. Is this true? Explain what options are available in resolving financial

Many people believe that when a firm goes into financial distress, it is finished. Is this true? Explain what options are available in resolving financial distress

situations. (5 points)
There are various methods of restructuring that firms can follow in the process of turning around a venture in financial distress. Which do you think are most effective? Explain why. (5 points)

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