In fact, one of the potential issues arising from this particular failure is whether or not lawyers should stay with their firm in the face
of signs of financial distress, as highlighted in the Schnader discussion:
The decision incentivizes productive, hard - working partners in NY LLPs to abandon their law firms at the
first sign of financial distress rather than staying on to attempt to save the ship.
As well as being conscientious about paying bills promptly, you should avoid showing
any signs of financial distress that could lessen your creditworthiness.
Signs of financial distress are already evident.
Increasing revolving balances are
a sign of financial distress.
Higher utilization is
a sign of financial distress.
If you go over this amount, it's
a sign of financial distress.
Memory loss and other physical ailments that could leave your parent unable to pay bills or make sound decisions are obviously situations in which you would want to be proactive, but
signs of financial distress are just as alarming.
However, opening too many new accounts within a short period of time can be
a sign of financial distress to lenders.»
It seems that everywhere you look, there are
signs of financial distress.