If the business is unprofitable, it is not worth running the business any longer.

If the bankruptcy is carried out in a controlled manner, it is probably a better option than uncontrolled.

What does bankruptcy mean?

  • In bankruptcy, an unprofitable and insolvent company is terminated at the end of court proceedings.
  • Bankruptcy can also be canceled for a… Read more

Bankruptcy can expire if there is not enough money in the bankruptcy estate to continue the bankruptcy procedure. In addition, the bankruptcy can also expire if the creditors do not receive enough… Read more