Contestant: I’ll take American Business Stats for 500. Host: 25,970. Contestant: What is the amount of companies that have filed for bankruptcy up until August 2017. Host: That is correct! You read correctly. In 8 months, almost 26,000 companies have filed for Chapter 7, 11, 13 or 15 bankruptcies. Those are actually pretty normal numbers, […]
Read More →Toys “R” Us is one of the largest retailers in the world and probably the most popular toy store in the United States, but this Monday they filed for chapter 11 bankruptcy protection. The news comes as a shock to everyone but they aren’t necessarily that surprising if you have been paying attention for the […]
Read More →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 […]
Read More →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 […]
Read More →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, […]
Read More →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 […]
Read More →Bankruptcy and failure are words that no business owner wants to hear. Even as an employee, you gain some degree of ownership of the company you work for and you want it to succeed; in the end, it is your job that is on the line as well as your own professional and even personal […]
Read More →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 […]
Read More →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 […]
Read More →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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