Category: A borrower facing financial distress may seek the protection of the courts. For example
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and the contract was voided.
Financial Distress of Companies and Debt Subordination
There are situations where a borrower is faced with huge debts that they are unable to clear. Financial distress is said to occur at such scenarios
the court ruled that the contract was unfavourable to the Amadios. Unconscionable dealing was established by the court