It will be a heart-breaking feeling when a company the owner built with sweat and tears goes bankrupt. We cannot fathom his struggles and shame. He may think and feel he is a loser. Bankruptcy word implies many things. One may go bankrupt due to illnesses, divorce, and more. When a business goes bankrupt, its Licensed Insolvency Trustee takes all the assets and sells them to pay off as many of the debts owed to the creditors as possible. There is also a secured creditor for every business. ( www. legalline.ca). There are indeed businesses that go bankrupt like banks and supermarkets. The reason could be traced back to big credits and was not taken care to pay them. What is your stand on this matter?