Puerto Rico will carry out a debt restructuring for seventy billion dollars according to the island’s governor Rosselló. The US government has asked to activate the bankruptcy process after the announcement of the main creditors at the beginning of the legal process regarding the cessation of payments. He also requested the US Supervisory Board to […]

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Bankruptcy is something many businesses need to deal with, especially those that are small or just started their operations. It is quite common to see how small businesses have to close their doors after just a few years or even months of being launched to the market. Reality has shown that small companies are the […]

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Ever since the Great Recession, Americans have started to spend more money each year enjoying the prosperity of a time of economic abundance, but those habits have certainly changed. Even though people are spending more, they are doing so while avoiding retail stores. Americans today are opting for paying for experiences instead of objects, thus […]

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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, […]

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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 […]

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What a buzzword! We read it in headlines and we listen to it in street conversations. Some blame this generation for the bad changes that society is experiencing. Others only consider millennials as part of the landscape. Others do not even believe they exist, or even people of previous generations have typical features of what […]

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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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This cryptocurrency has become very attractive to people mainly due to the devaluation of other currencies, and many see it as an opportunity to get rich. However, you should read this post before you blindly trust it. Many people take advantage of the Bitcoin value increases to make more money, and even convert some of […]

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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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