Post
Topic
Board Economics
Topic OP
Is There a Lesson for Economies and Entrepreneurs to Learn from Bankruptcy?
by
Davidvictorson
on 23/02/2023, 15:51:34 UTC
According to this news article, there was an increase in the number of individuals and businesses who filed for bankruptcy by 20% in January from a year ago.

Some companies that have filed for bankruptcy are:
-Voyager Digital
- Revlon
- Three Arrows Capital
- Cineworld Group
- FTX Trading
- BlockFi
- Celsius Network

Why did they file for bankruptcy?
- rising interest rates
- high inflation
- Difficulty hiring
- ongoing war in Ukraine

With all these things going on, I have been thinking to myself, "Is there an opportunity here?" Entrepreneurs have been characterized as people who can think outside the box. Steve Nickles, a law professor at Wake Forest University, has already said that "bankruptcies leave gaps for entrepreneurship." What do you think the opportunity is here?


My References
1. vigourtimes.com/bankruptcies-climb-as-pandemic-aid-vanishes/
2. breakingnewsworlds.com/with-pandemic-aid-gone-more...ews-today-32431.html
3. www.bollyinside.com/news/business-news/when-epidem...ruptcy-filings-rise/
4. www.indiatimes.com/worth/news/crypto-firms-who-fil...nkruptcy-591270.html
5. www.thetimes.com.ng/2023/02/bankruptcies-rise-as-p...emic-aid-disappears/