It may be disappointing, but it can’t be surprising that Borders Group went bankrupt this week. It was clear some time ago the company was heading deep into distress. What made it so clear? The six classic early warning signs of financial distress. We covered the first three in our last blog post. Here’s a brief video about the last three.
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Excllent presentation. Thank you.
Great recap of all the signs that were there. Thank you.
I guess the problem is that you may know the business is distressed but you are already lending to it (and thus difficult to get out) or you are a supplier and it is difficult to say no to the revenue generated by selling to the distressed co.