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Stigma of Bankruptcy: Comparing a Corporation and an Individual

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Explain why the stigma attached to a corporation filing bankruptcy is different than that of an individual filing bankruptcy.

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The expert explains why the stigma attached to a corporation filling bankruptcy is different than that of an individual filing bankruptcy.

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There is a definite stigma attached to corporations that file for bankruptcy. When an individual files, it is seen as more of a private matter, and possibly a sign that circumstances became out of control for the individual, causing them into a financial turmoil.

When a company files for bankruptcy, analysts and critics alike immediately start asking questions as to how the situation evolved. Common questions include why ...

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