Can a business come out of bankruptcy?

[tyrim88]

I think that it is possible for a business owner to come out of bankruptcy. However, since prevention is much better than cure, I would definitely try to avoid bankruptcy in the first place.

That's true, because any business owner that love his outfit would do anything to secure and safeguard the future of his business, insurance is definitely a very good scheme to include in your business package.

 

[Sincerem]

Is this situation some business are likely to close down. If a business has to overcome this completely then they need to have a way of bringing in money into the business and commence another full operation.

 

[Shigobad20201]

Definitely yes , a business can come out of bankruptcy if there is proper care and management of the business , they need to get another business plan , know where they made mistakes and work on it .

 

[tyrim88]

Anything is possible sometimes just one extra work would make the difference. But one of the most important thing in business is knowing when to give up

When a business owner that just bought into an organisation that is bankrupt,he need to ask some certain question,what lead to the fall of the outfit,was it technical,was it mismanagement of finance,etc,he should be able to know the failure of the business,so that he can decide on the next step to take.

 

[Shigobad20201]

Nothing is impossible to acheive in this life , if you set your mind on a particular thing , it will be easier for you to achieve with hardwork and dedication , things can change for better .

 

[Skysaint]

There's nothing that's impossible actually because I believe that there are those who might take interest in the business and invest in it and it will go back to being functional. So crowdfunding is an option here.

 

[Joseph555]

It's like building an empire from the scratch. If the owner is motivated to do that and he has implicit trust in his business that it can still thrive, then it is possible

 

[nana kwasi1]

It is never simple because a company of that nature will require a tremendous amount of assistance to get back on its feet; occasionally, someone will decide to purchase it and rehabilitate it.

 

[Smiles20]

Bankruptcy does not necessarily mean the end of the world for people who want to continue in the business as you can still grow your business little by little.

 

[AruneBend]

Once a business hits bankruptcy, is that the end of it? Or could that company make a comeback? I thought there is always a chance that bankruptcy can bring a company back, but I'm not 100% sure.

You can but it would be hardly possible unless you can funs and I don't think so it's worth it if the bussnes hit bankruptcy it means for a reason maybe just start a new business if you have capital

 

[Amanda_5]

In a professional setting, respect and trust function in very similar ways. Some people I will trust more than others when conducting business. The only people I can rely on to part with their cash for a substantial purchase of goods are those who will do so.

 

[Laurentta]

I believe a business can come out of bankruptcy. It won't be easy though, the business owner has to clear the outstanding debts of the business, then raise funds to manage the business.

 

[Shigobad20201]

Some business has been closed down for a very long time now just because of mismanagement, its never easy reviving a business that has gone bankruptcy but with hardwork and dedication ,

You can but it would be hardly possible unless you can funs and I don't think so it's worth it if the bussnes hit bankruptcy it means for a reason maybe just start a new business if you have capital

 

[Kvngsammy]

Of course, there's every possibility that it can. Though it'll be difficult but it's doable; if proper analysis is done and a carefully thought out way is charted, then there might be hope again.

 

[Sincerem]

Taking a business out of bankruptcy will require an external capital investment,. This should only be done if the reputation of the business has not been damaged as this might also have effect in the future progress of the business.

 

[Setho]

A business can ultimately come out of bankruptcy but the percentage of that is rare and it's usually happens when the government or another business has pledged to bail them out.

 

[Sotherefore]

While most of the time business may come out of bankruptcy but it might need an external capital investment to take the business out of its current situation. That's the only way out.

 

[glitch]

Yeah, plenty do. In fact, in the US filing for bankruptcy doesn't mean anything anymore. Most successful businesses filed once or twice in fact. I think the way the system is set up is if your company is THAT big, filing will only benefit it.

 

[Shigobad20201]

With another good business plan after reshuffling the cabinet if neccesary , theres every possibility that a business that has gone bankruptcy will definitely be revived with time .

 

[Connor909]

The company can attempt to regain profitability through restructuring and reorganization and finally come out of bankruptcy. The procedure must be approved by the court and the interested creditors, and it can be complicated, expensive, and time-consuming. While thinking about bankruptcy and creating a strategy for getting out of it, it's crucial to get guidance from legal and financial experts.