Financial distress refers to a situation in which an individual or organization is experiencing financial difficulties and is unable to meet its financial obligations. It can result from a variety of factors, such as a sudden loss of income, unexpected expenses, poor financial planning, or economic downturns. Financial distress can manifest in various ways, such as defaulting on loans or bills, bankruptcy, or foreclosure. It can have a significant impact on a person's mental and physical health, as well as their relationships and overall well-being. Seeking help from financial advisors, credit counselors, or bankruptcy lawyers can provide solutions and relief for those experiencing financial distress. You can use this presentation if you want to explain this idea to your audience.
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