Financial stress QuestionMonetary stress
Lately quite a lot of corporations have gone into liquidation (been ‘wound up’) as a result of they've
not been in a position to meet their liabilities after they fell due. In Australia, there are some well-publicised
examples akin to ABC Studying, HIH Insurance coverage amd One.Tel cellphone firm
Use the businesses above and discover (by way of digital journals) the occasions that led as much as the liquidation.
Focus on the ethics and governance in explaining the corporate’s monetary stress . Was liabilities a significant
issue contributinng to the liquidation of the corporate?