As a business you have many assets that will need to be maintained in order to stay profitable. When you start to borrow more than you’re earning you may be faced with a choice. Should you file for bankruptcy? Filing for bankruptcy doesn’t have to mean the...
A company in debt can be a serious matter. Debt can be tied to crucial company assets and by taking it on you run the risk of losing everything that your company might have to offer. Sometimes taking on debt can be necessary and in this...
Recently, two companies that have been the favorites of 'gadget shoppers' around the world have filed for bankruptcies. Both Radio Shack and SkyMall have found themselves with plummeting sales and have now found themselves facing bankruptcy. Let's take a look at what brought each of these companies...