Bankruptcy – a bad word for many. However, bankrupt companies buy the epitome of self-actualization for others. You see the challenge of turning a broken business back into a successful company with the right strategy. But is it even possible to lead a company out of a crisis that way? And above all, is it worth it at all? When does a company go bankrupt? When a company has to file for bankruptcy depends primarily on its legal form. As a rule, one can speak of an insolvent company if either there is a threat of insolvency or if this has already occurred. In the case of a corporation, such as a GmbH, one speaks of insolvency according to the InsO (Insolvency Ordinance) if the company is overindebted. Then there are different procedures how to proceed with a bankruptcy. One way of doing this is to sell the insolvent company…
For every successful startup there is a significantly higher number of projects that – mostly quietly and clandestinely – disappear again. In addition to great opportunities, starting a company also harbors risks. The biggest risk one independence is a final failure, in other words: bankruptcy. Buying an insolvent company or essential parts of it is often an interesting alternative to starting a new business. We have already discussed the chances of such an insolvency in the article: Startup bankruptcy as an opportunity use discussed. Now we would like to show you how you can build it up again after buying an insolvent startup or online shop. Reasons for bankruptcy The most common reason why Startups failure is lack of demand. The idea may be a good one, but somehow nobody wants to buy it or pay for it. A good example are content management systems ( Wordpress , Joomla, etc.).…
You should know that about bankruptcy In the past ten years there have been around 340,000 bankruptcies in which around five million people have lost their jobs. The damage to the German economy is estimated at 250 billion euros. Often this is because the Startup or the Online shop is not rehabilitated. A company is insolvent as soon as it becomes insolvent. You can also find many definitions of on other websites Bankruptcies . When the online shop has to file for bankruptcy Of course, there are also many examples of a successful turnaround if you take action and react in good time. Insolvency administrators often look after many online shops and startups at the same time and thus often lose track and do not devote enough time to the online shop. For this reason, you have to act yourself and also help to pull through or avoid bankruptcy. It…