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    Have you experienced a bankruptcy in a work situation? What is your opinion of the bankruptcy laws? Are they too easy? Too Strict?

    Also, can you please discuss impacts of bankruptcy and how they affect a company.

    © BrainMass Inc. brainmass.com March 6, 2023, 1:26 pm ad1c9bdddf

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    Bankruptcy is a last resort where absolutely nothing can be done so it is an organized way to consolidate all debt and schedule all repayments that are possible. However this adversely limits future prospects for company and especially an individual who files bankruptcy. The laws are stricter for individuals since once an individual files bankruptcy, they are monitored and directed as to what kind of purchases they can make and what kind of ...

    Solution Summary

    The expert determines if they've ever experienced a bankruptcy in a work situation.