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Seen this happen with some small businesses. Irresponsible owners overleveraged themselves into situations where folding or bankruptcy were the only options on
by heavyset_go 4y ago
Seen this happen with some small businesses.
Irresponsible owners overleveraged themselves into situations where folding or bankruptcy were the only options once they couldn't afford their liabilities. There are a lot of companies that go under if for some reason their revenues dip for a long enough time.
- aaaaaaaaata 4y ago> if for some reason their revenues dip for a long enough time. Like COVID! Unfortunately, strong and scummy/"well-connected" businesses were both rewarded during this period — for different reasons.