Legal Question in Bankruptcy in Massachusetts

Reasons for Corporate Bankruptcy

My question is simply: What are some of the reasons, financially speaking, that company's file for bankruptcy? What does it depend on (Asstes, Working Capital, Outstanding Debt, Return on Investments, etc.)?

Thank you for your help


Asked on 3/11/02, 10:34 am

1 Answer from Attorneys
William McLeod McLeod Law Offices, PC

Re: Reasons for Corporate Bankruptcy

There are many reasons why a company might file bankruptcy....and far too many to list here. The basic reason why a company would file bankruptcy - cash flow.

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Answered on 3/11/02, 12:39 pm


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