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Funding a business
Is It A Good Idea To Finance A Bankrupt Company?
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[QUOTE="Kingsley, post: 210920, member: 30278"] This is indeed a very interesting topic and it requires some brainstorming, infact as for me I believe that whatever is what doing should be done very well. Hence if one is having the intention of acquiring a company that has liquidated an became bankrupt in the process then you must realise you are not just renting a new place, or like I will like to put it economically, you are not just going to acquiring a new property in this case asset, but you also going to carry a negative balance from the asset so one must have done enough research as to why the previous organization became bankrupt and what led to it becoming liquidated. Then one should endeavour never to make such mistakes, and try as much as possible to get experts to look into the history of the company and look out for all their flaws and see how they could be corrected before making any further move. When all that face is completed then one can take the bold step to acquire the place as it seem to me that the place will be sold at a favourable price, since the money will be used to settle up their debts. [/QUOTE]
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Is It A Good Idea To Finance A Bankrupt Company?
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