King bell
VIP Contributor
Yes! There is a lot of funding that has gone into the business even after it has gone bankrupt. When looking for a new place to start or expand your business, be sure to explore all of the possibilities and find out what funding may be available in your area.
There are many reasons why a company would fall into bankruptcy. One reason could be because the founders have put too much money into an unsuccessful project. Another common reason is because a company delivers products or services at different times than promised, which causes inventory issues and delayed payments from customers. Whatever the reason, when considering lending to a company that has gone bankrupt, it is important to choose wisely.
Companies go bankrupt also for having too much debt and inadequate funding. However, companies can also be considered too big to fail. For example: GM and Chrysler were considered too big to fail. In 2009 both of these American car companies filed for bankruptcy protection (Chapter 7) because they had large amounts of debt and lost a lot of money in the years leading up to it. Both of these American car companies have successfully re-emerged as new businesses out of bankruptcy and are healthier because of it.
There are many reasons why a company would fall into bankruptcy. One reason could be because the founders have put too much money into an unsuccessful project. Another common reason is because a company delivers products or services at different times than promised, which causes inventory issues and delayed payments from customers. Whatever the reason, when considering lending to a company that has gone bankrupt, it is important to choose wisely.
Companies go bankrupt also for having too much debt and inadequate funding. However, companies can also be considered too big to fail. For example: GM and Chrysler were considered too big to fail. In 2009 both of these American car companies filed for bankruptcy protection (Chapter 7) because they had large amounts of debt and lost a lot of money in the years leading up to it. Both of these American car companies have successfully re-emerged as new businesses out of bankruptcy and are healthier because of it.