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Anonymous

Stealth • 3m

When you hear that a company went bankrupt, many of you will think is that the company sold all their assets, paid their creditors what they had and just stopped the running the company. But that's Chapter 7 bankruptcy or liquidation and that's not

Anonymous 1

Stealth • 3m

But if ultimately the promoters and investors don't make their money back, let alone profits then it is same as going bust right? Whatever you like to call it to save face, the company is broke and remains dead right? I don't know of any examples who went bankrupt and then came back to life on their own. And no, CCD doesn't count, it is just a time bomb.

1 replies

Replies (1)

Anonymous

Stealth • 3m

well you are correct but as you know that the company's financial situation is aldredy not good. If you just dicide to close the company, anyways you won't get anything. With this atleast the company will still be running and the creditors and investors will get a stake in the company which may help get their money back

0 replies

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