Filing for bankruptcy is an unpleasant experience for anyone, be it an individual or an institution. Many may try to delay taking a decision in this regard despite the existence of clear pointers that things are going downhill rapidly and they are simply delaying what is inevitable.
Most businesses and individuals refuse to see bankruptcy as a corrective measure. It is a remedial step that must be taken to course-correct and negate the effects of some wrong financial decisions you might have taken in the recent past. Once you have accepted this and decided to file for bankruptcy, the next step... Continue reading