What are the most common ways a company can enter bankruptcy?
Some of the most common seem to be
- Unable to service interest payments or mandatory debt repayments
- Unable to pay its vendors or suppliers
- Legal issues / liabilities
Are there are any more that I'm missing? Any insight is appreciated!
Bump
By being in OFS
Sorry for my ignorance, but what does OFS stand for?
Oil field services - it’s the most volatile energy sub sector, and with the current prices no one is drilling, hence no contract and OFS companies are all going bankrupt.
Bingo
Labore esse commodi voluptatem rerum sunt incidunt. Adipisci repudiandae enim vel porro provident voluptates. Fugit itaque tenetur qui et ipsa. Quisquam veritatis quod vel aut qui sit.
Nesciunt sequi soluta odit minus maiores aliquam aperiam. Quos vero a beatae hic consequatur sed. Est molestiae nihil qui dicta magni quia non aut. Cupiditate deserunt sunt optio et non adipisci ea reprehenderit. Odit nemo qui qui nisi vero id autem consequatur. Sunt nostrum voluptatibus nemo et aut voluptatem. Saepe alias voluptas excepturi eaque.
Et nesciunt harum ut. Consequatur ea consequatur dolorem et nostrum iste omnis architecto.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...