Critically reviewing it is analyzed that the responsibilities of the fiduciary is very important for the process when the organization become distress and it going to be liquidated. The duties of the managements become harder when the firm is become distressed and it’s involved in the insolvency threats. It is considered as the primary duties of the firm ‘manger to maximize the values of the shareholders for creating the values of its creditors. It is also analyzed by this study for the insolvent incorporation the specific assets of the corporates are required. It also can damage monetary and civil liability for relieving these legal duties for providing the incentives to mangers for resolving their troubles toward the company.

        The analysis if this article also discusses the several types of types of the disincentives for taking the unreasonable risks. Mangers of these companies are involved in for tempting the restoring of the financial health of the organization. These types of the strategies are reliable which can create the conflicts for the obligations for the manager for preserving the values of the creditors. The analysis shows the fiduciary duties are very important for resolving the issues of the bankruptcy of the firm. It also explains the duties of the mangers for maximizing the shareholders equity for running the function of the firm properly.

        This article is concluded as the fiduciary is very important for the process when the organization become distress and it going to be liquidated. Many managers are performing their duties and fulfill their responsibilities for maximizing the shareholders equity. This research article is concluded as the examples of the eastern airline is provide the best example for explain the duties of fiduciary. This research study is also concluded it is considered as the primary duties of the firm ‘manger to maximize the values of the shareholders for creating the values of its creditors (Broude, 2018).