BANKRUPTCY AS A WAY TO RESTRUCTURE A CORPORATION
Abstract
Aim: The aim of this study is to learn what factors affect bankruptcy and how it affects a firm's ability to restructure. Background/objectives: The bankruptcy of the firm in which they are working might affect the salary of the laborers. Bankruptcy may lead to unemployment due to which the workers have to suffer financially. To elaborate on the meaning of bankruptcy and to discover the factors that lead to the bankruptcy of a firm are the major objectives of this study. Methods: Secondary qualitative methods are used to analyze the topic. Findings: Thematic analysis is done to understand the research study. Conclusion: In this paper, the association of bankruptcy with restructuring a corporation is highlighted, and also determined that debt management can bring debt under control.
Keyword : Bankruptcy, corporation, insolvency
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