Amid challenging economic times, distressed situations often arise for companies facing financial difficulties. However, these situations can also present unique opportunities for investors and businesses willing to take a strategic approach. In this blog, we will explore the role of transaction advisory services in distressed situations and how it can help turn challenges into opportunities.Firstly, it's essential to understand what constitutes a distressed situation. These can include financial distress, operational inefficiencies, declining market share, excessive debt, or a combination of these factors.