Corporate recovery refers to the process by which a struggling company seeks to regain its financial stability and operational efficiency. This often involves restructuring its debts, improving management practices, and sometimes selling off non-core assets. The goal is to return the company to profitability while minimizing losses for stakeholders. In many cases, corporate recovery may involve legal frameworks such as bankruptcy protection or administration, which provide a structured way to address financial difficulties. Professionals like financial advisors and restructuring experts play a crucial role in guiding companies through this challenging process, ensuring that they can emerge stronger and more competitive.