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    Reasons for a Business to File for Bankruptcy

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    There are many reasons why a business may file for bankruptcy. Discuss some of the reasons that would drive a business to file for bankruptcy. Limit the scope of your discussion to small businesses. What do you think is the most common reason? Be sure to provide some support to back up your position.

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    https://brainmass.com/business/financial-distress-and-bankruptcy/reasons-business-file-bankruptcy-531507

    Solution Preview

    Hi,

    Small businesses may file bankruptcy for several reasons. Some of those reasons may be owing too much to creditors (too much debt), not bringing in enough revenue to offset the overhead costs associated with having the business and the staff to work in it, and high taxes due to the government. "Clear ...

    Solution Summary

    This 166 word solution provides a discussion regarding why businesses may file for bankruptcy, including potential reasons for small businesses specifically. It includes one reference.

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