The study aims to examine the factors that affected the costs of financial distress. The factor was used as predictors in this study were firm size, leverage, and human capital. The indicators used to measure the costs of financial distress were sales growth sector and companies. This study was  performed  on  manufacturing  companies  listed  on  this  Indonesia Stock  Exchange  in  the period  2010  to  2014.  Sampling  of  the  population  conducted  by  the  method  of purposive sampling, samples qualified study categories as many as 107 companies. The analytical tool in the study was E-Views 8.1 program. A regression model used to perform a test of hypothesis was a regression of data panel. The results showed the human capital and leverage significant and  negative  effect  against  the  costs  of  financial  distress,  while the  firm  size  had  no  effect against  the  costs  of  financial  distress.  This  implies  that  any  costs  incurred  by  the company would be optimal for productive enterprises could use these costs. 

Keywords: Costs Of Financial Distress, Firm Size, Leverage, Human Capital