Hepatic failure is characterized by severe liver function impairment and is classified into hyperacute, acute, and subacute stages. Common causes include viral hepatitis, drug toxicity, structural abnormalities, and excessive alcohol consumption, with symptoms such as jaundice, abdominal distension, and confusion. Management focuses on rapid recognition and intensive intervention, including the use of antidotes, plasmapheresis, and liver transplantation as the optimal treatment for survival.