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Funding a business
Is A Lack Of Funds The Only Reason A Company Goes Bankrupt?
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[QUOTE="Alexandoy, post: 211452, member: 25510"] My understanding of bankrupt or bankruptcy is that there are no more funds for the proper operation. A company or a person may file for bankruptcy depending on this intention. But that doesn't mean that he is really bankrupt for he would make it appear that his company or himself has no more financial capability to continue the business. When I closed my business it is more of another reason and not due to lack of funds. I have to admit that once in a while I would get a loan for the operation of my business but once we are able to collect from the customers our liquidity is good. The reason why I filed for bankruptcy is the misunderstanding with a business partner. The business is a sole proprietorship but there is a hidden business partner which did me wrong. [/QUOTE]
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Is A Lack Of Funds The Only Reason A Company Goes Bankrupt?
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