In contrast to personal bankruptcy, there is regular bankruptcy. Because entrepreneurs also have the opportunity to file for bankruptcy with their company. If this is the case, one speaks of corporate bankruptcy. A special insolvency procedure is used for such corporate insolvency. The aim of this is to free the bankrupt company from its debts or to manage it after over-indebtedness and then to reorganize it. Process of a corporate bankruptcy procedure But how does such an insolvency procedure actually work? Who is responsible for implementation and are there any differences in terms of the type of company? Three stages of corporate bankruptcy The procedure for standard insolvency normally takes place in three consecutive phases. It begins with filing the application for bankruptcy, followed by an opening procedure and finally ends with the actual bankruptcy procedure. Application to open insolvency proceedings Before a regular procedure can even be initiated, a…
Corporate bankruptcy rarely comes suddenly. Often times it is the result of a failure to pay attention to a number of risk factors. In order to avert impending bankruptcy, entrepreneurs should therefore always keep an eye on the most common reasons and take countermeasures if necessary. Rarely is it just one factor that leads to bankruptcy. The combination of several reasons over a longer period of time often represents the obligatory drop that brings the barrel to overflowing. The most common reasons for corporate bankruptcy Because of this, it is worthwhile for every type of entrepreneur, whether experienced or just a beginner, to find out about the most common risk factors. Bad funding There are supposedly lucrative financing offers lurking around every corner. Founders with little equity in particular tend to take advantage of this quickly. An investment through borrowed capital can often contain hidden and high interest rates. If…
Bankruptcy doesn’t always have to mean negative things. Above all, entrepreneurs with courage, passion and capital often see corporate bankruptcy as an opportunity. As an opportunity or possibility to acquire an already existing company cheaply and to lead it back on the path of success with the right measures. But even if you yourself are the victim of a bankruptcy, this does not have to mean an unchangeable defeat. The way out of bankruptcy is certainly not a walk in the park, means a lot of w ork and above all requires one thing: a lot of communication, but it is feasible. Because as long as you bring everyone involved, such as customers, suppliers, creditors and co. To one table, you can use a company bankruptcy as an opportunity for a fresh start. When does a company go bankrupt? But sometimes it is not really clear when exactly a company…
While some close the chapter of bankruptcy as failure, others are specifically looking for companies in such crisis situations. But how can you actually find insolvent companies? Not everyone sees something negative in corporate bankruptcy. Even if most of them are happy not to be affected, others see this as an opportunity to build up an existing company from scratch and give it a new shine. Before this is possible, however, such a company must first be found. In this article you will find out where you can specifically find insolvent companies. How can you even find out about companies in bankruptcy? Obtaining information about bankrupt companies is actually relatively easy in practice. According to §9 InsO (Insolvency Ordinance), every bankruptcy and subsequent proceedings must be publicly announced. Since 2002, publication has to be made centrally and across countries on the Internet. Where can you find bankrupt companies? As a…
Just about anyone can create a blog and put a few words together to make a text. But if you want to set up such a web project successfully, you should do one thing above all: blogging properly. And that means first and foremost avoiding typical beginner mistakes. There are a lot of things that you can do right as a blogger, but also countless things that you can do wrong, because blogging properly has to be learned first. So that you can start your project successfully right from the start, we have put together a number of frequently made mistakes that you should absolutely avoid! Blogging correctly: 4 common mistakes No master has fallen from the sky and by the time your blog starts to show its first successes, you may have to have made some of the following mistakes yourself in order to understand the structure of a…
You have been running your own blog for a long time, but the big success has not yet materialized? Then you should definitely read our tips for effective blogging. If you want to build your blog on a solid foundation right from the start, you should focus not only on the quantity, but rather on the quality of your texts. Particularly effective blogging can be a game changer and massively increase the potential of your blog. Here you can find out exactly how you can get the most out of your texts. Effective blogging made easy We all know that you can’t force creative content at the push of a button. You shouldn’t do that either, after all, we don’t want you to lose the fun of writing. In order to still create exciting articles, there are a few tricks that can help your creativity and your workflow on the…
For many people, blogging has already become a passionate hobby and a relaxing way to compensate for a stressful day-to-day work. If you, as a blog beginner, would also like to join this type of online income generation, here are some tips for a successful start! After all, as a blog beginner, it is usually one of the biggest obstacles to developing the right implementation strategy. Quite a few also wonder at this point whether it’s even worth having your own blog . The structure of such a project can be implemented relatively easily and without problems if you orient yourself to a few important milestones. This is how you can start as a blog beginner There are certainly many ways to a successful blog. Your personality, your expectations and goals naturally have a significant influence on the implementation. So don’t see the following tips as facts set in stone,…
Blogs are a dime a dozen. A successful blog can only exist with the right concept. The right framework to generate enough traffic must also be in place. In this article you will find out how you can put this into practice and what you need to consider. The rules of success Unfortunately, we cannot give you a guarantee for the success of your project. Nevertheless, a successful blog has a chance of becoming a reality, especially if you observe a few crucial basic rules when implementing it. Do not hesitate This is probably one of the biggest obstacles at the beginning. It is not uncommon for most bloggers to ponder the implementation for far too long instead of simply starting. No question about it, it is not easy to implement everything perfectly right away, to have the right topic in hand and the right concept at the same time.…
Have you always wanted to found your own startup? Definitely not a bad idea! And because we know that getting started can sometimes be one of the most difficult steps, in this article we explain how to proceed. Even if we sometimes have the feeling that startups are springing up like mushrooms, only very few are really successful. One of the reasons for this is often a lack of a concept. A well thought-out business plan is often the be-all and end-all if you want to found your own startup. Setting up your own startup – 5-step plan If you don’t really know where to start when developing a concept, our 5-step plan can serve as a guide. First of all, of course, you have to have a business idea for your startup. Then you can only move on to the specific planning phase. The planning You should take several…