Bankruptcy is not the end of business

[Starmix]

Let us not judge a business that seems to sink to the ground. You have to stand where you fall the same way to business. Though it takes time to repair a bankrupt business, it surely survives according to the will of the owner if wanting it to stand strong. It is called bankruptcy for protection and there are reasons why. Bankruptcy gives the business owner a chance to step back and work on improving his business. He also has to renegotiate deals with creditors.

Further, creditors can help the business get back on its feet when it lacks some capital for renovation and production addendum. Another tendency for a business to rise back is to lower operating costs for a chance at a successful future. A business fails if it can no longer meet its obligations to customers and creditors. They surely disappear. Hoping my business which is milk tea remains strong. What about your business?

 

[jetsaints30]

Think of bankruptcy as a fresh start rather than the end of the road. Its an opportunity to re evaluate your business model, cut costs, and make positive changes.

 

[Starmix]

There are ways to recover the loss of the owner when his business is in turmoil leading to bankruptcy. The best thing to do is add capital.

 

[SHAHID987]

Sometimes, a business can use the bankruptcy process to restructure its finances and operations, and emerge as a stronger, more profitable company. Other times, a business may be forced to close its doors, but its owners and employees may be able to start a new business in the future.

 

[Starmix]

Sometimes, a business can use the bankruptcy process to restructure its finances and operations, and emerge as a stronger, more profitable company. Other times, a business may be forced to close its doors, but its owners and employees may be able to start a new business in the future.

Yes, you are so right, it is not the end of the business or a new beginning to let people know that it's a strong business.

Post automatically merged: Feb 1, 2023

Think of bankruptcy as a fresh start rather than the end of the road. Its an opportunity to re evaluate your business model, cut costs, and make positive changes.

Yes, there is a chance for that sick business to rise again depending on the intention of the owner. If not, it will remain down or dead forever.

 

[uptrendfinancialsignal]

Bankruptcy will not be the end of the business because they're still chances to try another business.

 

[Starmix]

Bankruptcy will not be the end of the business because they're still chances to try another business.

You said it right, a bankrupt business could stand back strong. It only requires capital, innovation, and good planning.

 

[eldavis]

Bankruptcy is usually not the end. I have seen cases where businesses who are in bankruptcy decide to go into partnership with other companies just to escape it.

 

[Starmix]

Bankruptcy is usually not the end. I have seen cases where businesses who are in bankruptcy decide to go into partnership with other companies just to escape it.

That surely happens if the owner decides to save his sinking business through partnership or add capital though a loan.

 

[flower]

If you are able to fine-tune the source of the problem and you could solve it head-on , then bankruptcy could not be the end of the business

 

[Shavkat]

I do think that it is not the end of the company if they merge with another company. I had seen this situation a couple of times with one of the BPO companies here in my city before.

 

[Starmix]

Sometimes they find a company to assume the business almost to go bankrupt. It's better that way to let people think the company has a new owner and they will continue patronising the said business.

 

[Bisolami]

Let us not judge a business that seems to sink to the ground. You have to stand where you fall the same way to business. Though it takes time to repair a bankrupt business, it surely survives according to the will of the owner if wanting it to stand strong. It is called bankruptcy for protection and there are reasons why. Bankruptcy gives the business owner a chance to step back and work on improving his business. He also has to renegotiate deals with creditors.

Further, creditors can help the business get back on its feet when it lacks some capital for renovation and production addendum. Another tendency for a business to rise back is to lower operating costs for a chance at a successful future. A business fails if it can no longer meet its obligations to customers and creditors. They surely disappear. Hoping my business which is milk tea remains strong. What about your business?

You are very right about this.
The fact that a business went bankrupt does not mean that is the end of it. There are still ways out.

 

[Starmix]

Bankruptcy is feasible if the owner lacks strategic planning and good innovating. I seldom hear business turned bankrupt. It is because of the weekly inventory done by business owners. They can monitor the flow of their businesses.

 

[uptrendfinancialsignal]

Bankruptcy is definitely the end of the business and there's no two ways to it.

 

[Reedex]

Bankruptcy is definitely the end of the business and there's no two ways to it.

If a business is bankrupt then it has come to an end which is why it is necessary to prevent business to get into that worst situation..

 

[uptrendfinancialsignal]

If a business is bankrupt then it has come to an end which is why it is necessary to prevent business to get into that worst situation..

Most of the bankruptcy were as a result of mismanagement on the part of the owners of the company.

 

[Reedex]

Most of the bankruptcy were as a result of mismanagement on the part of the owners of the company.

You have a good point and it is seen in the bankruptcy of FTX which is as a result of the mismanagement on the part of SBF.

 

[uptrendfinancialsignal]

You have a good point and it is seen in the bankruptcy of FTX which is as a result of the mismanagement on the part of SBF.

You have made a very good illustration and that is exactly how it played out with FTX because sbf was spending money on frivolities.

 

[Reedex]

You have made a very good illustration and that is exactly how it played out with FTX because sbf was spending money on frivolities.

A company would soon become bankrupt if there is mismanagement of funds.