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How could a company get bankrupted?

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KyleT

Lvl 1
16y ago
Updated: 8/17/2019

Buy High Sell Low! Then waste the debt money on beer! BK is a legal process that the company elects to enter where the court protects the assets from creditors and is involved with an orderly distribution of them or an orderly restructure of the finances. It is needed for several reasons - poor management, poor business practices or an economy that causes the company to have financial problems.

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16y ago

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