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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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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