In the case of an entity, the difficulties typically preceding insolvency; first and foremost – still being able to pay full wages and salaries and – meeting all payment obligations to banks and business partners on time (events typically preceding bankruptcy, such as above all violation of loan contracts, followed by difficulties to discharge fully all payment obligations). – In the case of a private household, the state of over-indebtedness. – See arrangement, money squeeze, money injection, credit card fiasco, debt sustainability, overconsumption, insolvency.
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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
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