Economic downturn results in losses for many business, pay cuts for most workers and a general reduction in purchasing power among the public. The recession from 2008 until the end of 2009, which left the global economy reeling, was potent enough to cause many businesses to go … [Read more...]
Bankruptcy
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Bankruptcy Circumstances wherein a firm or individual or other entity is not in a position to repay its debts. In such case the bondholders gain the ownership of assets from the stockholders. … [Read more...]
