Activator230822
Verified member
So bankruptcy is a situation whereby the business is unable to pay it's operational costs and it's creditors for the reasons of business collapse or something.
Here are some of the possible causes of the bankruptcy state for a business.
-Unforseem events and economic downturns
These are instances that happens without notice and can ruin the whole business running systems. Natural calamities like the pandemics, earthquakes among others can cause the loss to business hence business go bankruptcy.
-insufficient cash flow
This is caused by the lack of the sufficient businesses funding that can sustain the business growth. The lack of the cash flow can deprive the running of the business that can bring the business operations into a hault.
Here are some of the possible causes of the bankruptcy state for a business.
-Unforseem events and economic downturns
These are instances that happens without notice and can ruin the whole business running systems. Natural calamities like the pandemics, earthquakes among others can cause the loss to business hence business go bankruptcy.
-insufficient cash flow
This is caused by the lack of the sufficient businesses funding that can sustain the business growth. The lack of the cash flow can deprive the running of the business that can bring the business operations into a hault.
