Can you assume a bankrupted business?

[Starmix]

Can you dare assume a bankrupted business? For me, I can assume. I make renovations and change the business name to a better and lucky one. If the business is assumed it's value may be less. It's better to assume it to interested business man rather than to have no single return at all. What about you?

 

[Shavkat]

If it is needed, then I go for it. I am sure it is best to know first the history of the business first before indulging into it.

 

[Starmix]

If it is needed, then I go for it. I am sure it is best to know first the history of the business first before indulging into it.

You're so right we need to get the background check of the business so you can prepare some innovations or changes, likewise the change of the workers that might have led to bankruptcy.

 

[Niyi Briggs]

It is possible to assume a bankrupt business and drive it to the height of profitability.

 

[Starmix]

Yes, anyone who has capital and is willing to make the business stand on its own can assume a business about to collapse.

 

[Reedex]

A bankrupt business must have been bankrupt due to mismanagement or any other forms, once you know the outcome of the bankruptcy, then you can tackle it to make success in the business.

 

[Carson20t]

There are so many factors that can help us answer that question and above all the possibilities to revive it back to its original glory, especially if it was doing very well. For example, Nokia can't stand as a company as of now so then why waste that time making the same company and pushing for its re-existence? So it all depends on the compoanies potential to bounce back and have an entry strategy.

 

[hastral45]

You can't assume a bankruptcy business. Even it's workers can't assume a business is tends to be bankruptcy because of its inability in some certain areas. Only those in management position would actually know the financial status of the business.

 

[IB D]

I have seen people do this over and over and over again. It depends on the commitment and dedication you have to see that business rise from the trenches.

 

[Starmix]

You can't assume a bankruptcy business. Even it's workers can't assume a business is tends to be bankruptcy because of its inability in some certain areas. Only those in management position would actually know the financial status of the business.

You're so right it's hard and it's not good to assume a business with bad fate. It's better to manage own than assume. It might give bad luck.

 

[flower]

It is extremely possible to revive a bankrupt business if you have the experience.

 

[cherry123]

I will investigate first how it all happened before agreeing to indulge the business.

 

[Magnus2022]

I will give it a trial if what I need is provided. I will try to find what caused the business to collapse. I will start to tackle the challenges one after the other

 

[cherry123]

Yes if it is or would be a viable business it is to buy and then tackle from the root whatever the problem with it.

 

[Starmix]

It is good to give that business to revive. It is not its fault but the fault of the owner doing the mismanagement.

 

[cherry123]

I will if I have a partner that knows a lot about the business in case I can run it as predicted

 

[Golden9]

You may be seeing the fat that made the business bankrupt, and if you can solve it, that's a great way to have a business without the hassles of the initial setup.

 

[Starmix]

A bankrupt business is giving an awareness to the buyer that it could become a booming business under the care ofvs new owner who has passion on business.

 

[eldavis]

For me i think what i would look out is my financial capabilities, if i have enough resources to manage thr business and bring it back to life and of Cause i have seen potential in the business, then i would definitely go ahead.

 

[Starmix]

I would also do to assume s bankrupt business because it already has a name and once customers learned it's saved by a new owner they would surely go back to that business.