What causes a company to go bankrupt?
I was reading an article that showed a few companies that have gone or might go into bankrupt:
http://finance.yahoo.com/career-work/article/107369/7-franchises-that-went-bankrupt.html
I was just wondering..what causes a popular company to go bankrupt?
Posted August 16th, 2009 in How To Go Bankrupt. Tagged: career work, finance yahoo, franchises, work article, yahoo.
There is few reason that might cause a company to go bankrupt. One of the main reason is they had used thier money for investment wise. They had not pay thier creditors in time, too much loan from banks and lack of finance control. No proper control and direction from the management team.
August 16th, 2009 at 4:49 amCompanies are run by businessmen(women). Plain & simple, first & foremost: POOR Business Decisions!
August 16th, 2009 at 4:49 am