In case a company finds that it is not able to honor its commitments to creditors
, then liquidation and insolvency are certainly options that have to be explored by both companies as well as by individuals. The best way to handle financial distress is by first getting the facts about the current situation. Next, there is need to communicate effectively and in a non-threatening manner. Be sure to determine how serious the problem is and then follow-up in order to determine whether a helping agency can provide required services. As long as a person is able to get the facts and determine the seriousness of their problem it will not be hard to find solutions to remove financial distress.