Bankruptcy question
Sort of a silly question, but how does bankruptcy work for a non-revenue generating biopharma or tech company work? Is this even a thing? Or do they just shut down and cease to exist?
I've been stuck in industrials but am interested in the high growth sectors and am just trying to get a grasp on things.
Everything is much appreciated!
I'll pose the question back to you, how many lenders lend to companies without revenue?
Not intending to be too snarky, but I think an important part of RX is putting yourself in the shoes of all constituents involved in a process. When a company restructures their debt, there was clearly someone who was willing to lend to them at some point.
I feel like this question is a non-answer because even without typical creditors the company could still have outstanding payments to vendors and other GUCs that compel a liquidation or asset sale.
And how many of those hire banks for rx work?
You're completely right in that most of those deals don't require bankers (I've only seen one that did), but OP just seems to be trying to understand the sector and what such a process would look like.
Research ABC - assignment for benefit of creditors
Hi, since you're asking, I can tell you a little story about how I went bankrupt. Before the pandemic, I had my own small business that brought me income, I was always very happy. But unfortunately, when he came to the coronavirus, the sale of goods began to fall sharply. And in the end, I went bankrupt. I still had a lot of paperwork to process that I didn't know how to handle. My former business partner suggested me one specialist on this site san diego bankruptcy lawyer . I found a very competent person there who helped me with all the documents in the bank, and although this pleases me, so good luck to you , my friend :)
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