You know what they say: Whoever does not know history is doomed to repeat it. While it is true that history is not perfectly cyclical, nor, of course, perfectly linear (rather, an intermediate point, let us say, as a perpetual spiral,) to know the problems of the past is vital for systems to evolve. We […]

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With recent dip in the market and companies trying to stay afloat after that, it is no surprise that in the last few years many organizations have had to file for bankruptcy as the only alternative to survive, even though many of them fail to do so. The truth is that this is a reality […]

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The business world is paradoxical. The worst thing that can happen to your business, technically speaking, is bankruptcy. This process, as well as debt restructuring, is something that nobody wants to go through. We all want to make money, thrive, expand, and achieve our dreams. And one might think that nobody, absolutely nobody, wants bankruptcy, […]

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When a company decides to declare itself bankrupt it needs to file a petition under the chapter 7, that petition, later on, will become a discharge. The term discharge can be unknown to some, for this reason, we will explain it in detail in this article. A discharge is an official list of the debts […]

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This is not a new issue. In fact, the shipping industry has been battling for more than a decade against its own crisis; and the news about bankrupt shipping companies are nothing new at all. It is said that due to mergers and acquisitions, they will have been reduced to less than fifteen major shipping […]

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Question.  How many companies do you know that want to go bankrupt?  Zero.  Not a single company gets started with the thought that they will not succeed and have to declare bankruptcy.  A business gets off the ground because an entrepreneur thinks he or she has the next great idea to be successful.  However, there […]

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One of the most worrying situations in terms of national economy is related to retailers in the United States. Sadly, this sector of the economy, fundamental to American society, has been filing for bankruptcy at a rate not seen before, not even during the most severe economic crises of the last century.  Although the big […]

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For the past half a decade more or less, mergers and acquisitions have been rightly considered the prevalent growth strategy used by organizations in the corporate world. Right on the verge of the 21st century, M&A transactions grew to numbers that nobody expected, breaking records with ease and completely shifting the business landscape by setting […]

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One of the central themes of this blog is bankruptcy: Its causes, its consequences, the laws that regulate this subject, and the recommended measures that must be taken while going through such circumstances. It is time to talk about a situation that is likely to produce a large number of bankruptcies, mainly in the United […]

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