Finansal Sıkıntının Tanımı ve Piyasa Odaklı Çözümleri: Borç Yapılandırma, Varlık Satışı ve Yeni Sermaye Enjeksiyonu

Although it is not necessary every distress firm goes bankruptcy, recent global financial crisis caused to occur many bankruptcy and liquidation process. As a result, prediction of financial distress process become very popular nowadays. However, there is no agreement about definition of financial distress. Many confuse this concept related but different ones such as default, insolvency, bankruptcy, liquidation and etc. Moreover, different approaches to the definition of financial distress show how the concept is so complex and versatile. This conflict complicates to build prediction models of financial distress as well. In practice typically bankruptcy prediction models are used instead. When the process is identified correctly, it is easier to decide which private market based solution will be used.