Definitions of distress
the act of seizing (=taking possession of something with legal authority) the assets of a person or company to secure the performance of a duty (eg the payment of money owed)
It is hoped that most of the company's debts will be paid off with the proceeds of Monday's distress sale.
the legal remedy authorising such a seizure of assets
In recent years, the remedy of distress has been criticised by tenants' associations.