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Anonymous

Hey I am on Medial • 8m

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

Hey I am on Medial • 8m

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

Hey I am on Medial • 8m

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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Anonymous

Hey I am on Medial • 2m

If government of india decides to ban X then the Indian X will be this app as koo app got bankrupt right?

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Nirav Patel

Hey I am on Medial • 1m

The Real Founder Job Description : Sell before it exists Build while broke Fail publicly Get back up Repeat Are you passionate enough?

Yes. Ready to experiment

Want safer easier way

Votes: 45

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Anonymous

Hey I am on Medial • 4m

How is Reliance Industries surviving in the market with such pathetic services and products? If they were in some developed countries, they would have gone bankrupt by then.

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PRIYANSH Shrivastava

Hey I am on Medial • 5m

Is it worth to go to Europe and understand start up culture and then come back to India to start a good company

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Anonymous

Hey I am on Medial • 9m

can anyone tell me How to get initial startup money i am broke don't have money and don't tell me about methods like friends family i don't see them ever helping can you guys tell me any other way in india?

6 replies4 likes