Dr Strangelove Posted May 10, 2020 Share Posted May 10, 2020 I have a small company with 2.6 million in debt for about a month now, and I wonder - what are the conditions for bankruptcy? This company got into trouble because of their insanely high production value and will likely stay underwater as it refuses to get rid of it. I’ve never paid attention to this but as they’re my main regional rival, it got my interest. Quote Link to comment Share on other sites More sharing options...
Makhai Posted May 10, 2020 Share Posted May 10, 2020 <blockquote data-ipsquote="" class="ipsQuote" data-ipsquote-username="Dr Strangelove" data-cite="Dr Strangelove" data-ipsquote-contentapp="forums" data-ipsquote-contenttype="forums" data-ipsquote-contentid="49218" data-ipsquote-contentclass="forums_Topic"><div>I have a small company with 2.6 million in debt for about a month now, and I wonder - what are the conditions for bankruptcy? This company got into trouble because of their insanely high production value and will likely stay underwater as it refuses to get rid of it. I’ve never paid attention to this but as they’re my main regional rival, it got my interest.</div></blockquote><p> </p><p> At some point it will just fold. I don't remember the exact terms but there's not a simulation of real bankruptcy or debtors or anything like that. It just goes poof forever.</p> Quote Link to comment Share on other sites More sharing options...
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