Nicholas F. Kajon
Eric M. Robinson
Journal of Corporate Renewal
Distress visits everyone. In business, distress may lead to a spiral of disadvantageous transactions, litigation, arbitration, a visit to Bankruptcy Court, and even less pleasant adversity. Even with best intentions and extraordinary efforts, following the usual pathways can limit options. That eventually may lead to the cliff's edge.
An emergent option offers an alternative to that outcome in appropriate circumstances. Referred to generically as litigation finance, many are aware of this potential funding source. Its adaptability to creative applications, however, may be less understood by sophisticated business leaders and those who advise them.