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Funding a business
Is It A Good Idea To Finance A Bankrupt Company?
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[QUOTE="Alexandoy, post: 213544, member: 25510"] In our culture a bankrupt company is a bad luck which means you should not touch it and let it be forgotten. Usually the owners of the bankrupt company would dispose of the assets and divide it among the owners. I see the logic in that bad luck tag not really for the superstition,. To think that the company went down means there is a good reason for it to go bankrupt. You can check the details of the aftermath why the business was closed. There may be dwindling customer accounts or maybe lack of supplies and shortage with the cash flow that collections were not met. If you sum up all the reasons I guess you will come to the decision that starting up a new business is much better than reviving a dead business. [/QUOTE]
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Is It A Good Idea To Finance A Bankrupt Company?
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