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• https://en.wikipedia.org/wiki/Distressed_securities — found via Wikipedia

  Distressed securities

  finance, distressed securities are securities over companies or government entities that are experiencing financial or operational distress, default,

  Vulture fund private-equity fund or distressed debt fund, that invests in debt considered to be very weak or in default, known as distressed securities. Investors in
  Debt restructuring debts to improve or restore liquidity so that it can continue its operations. Replacement of old debt by new debt when not under financial distress is
  Howard Marks (investor) high-yield debt, distressed debt, and private equity. During the financial crisis of 2007–08, Oaktree raised $10.9 billion, the largest distressed debt fund
  Oaktree Capital Management become the largest distressed-debt investor in the world. As reported in The Washington Post on June 26, 2011, Oaktree's 17 distressed-debt funds (which do
  Distressed securities finance, distressed securities are securities over companies or government entities that are experiencing financial or operational distress, default,