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There are many reasons for business bankruptcy, from taking on too much debt to changes in the market conditions to the introduction of a competitor in the same space that you didn't expect. In some cases, bankruptcy also happens simply because the business idea was...
When your business is struggling and you think that a bankruptcy may be on the horizon, it’s time to look into the steps you can take to keep your business open and avoid bankruptcy. While a business bankruptcy can be helpful for many people, it isn’t always the right...
Many people use the terms “bankruptcy” and “insolvency” interchangeably. While neither is where any business wants to be, it’s important to understand that they are two different things. A business is considered insolvent if it’s unable to pay its bills when they’re...