It is rather strange to consider that filing for bankruptcy has become so commonplace in today’s corporate world. In fact, it almost seems to be an integral part of the modern business landscape. Mandrien Consulting Group has seen companies do this firsthand. Businesses are biting off more than they can chew, diving deeper and deeper into debt with no way out. And the worst part? Many companies are completely okay with being underwater. Why? When the time comes, it’s easy for companies to twist the story to make it seem as if bankruptcy is a good thing. While it seems completely backwards, it’s happening more often than not. Mandrien Consulting Group is dedicated to helping business that may be straying down the path of self-inflicted bankruptcy.
Meanwhile, bankruptcy at the hands of creditors is happening less often. In fact, most corporate bankruptcies are executive decisions meant to relieve the company of its financial woes. One can’t help but wonder how such a strategy could possibly have gained so much popularity and why so many companies are deciding to play by such dodgy rules. Mandrien Consulting Group has helped many companies from playing such a game.
Still, why are so many companies choosing to do this? The answer can be traced back nearly five years ago, roughly a year prior to the infamous economic collapse that came to pass in 2008. With a number of major financial institutions filing for bankruptcy, it seemed that more bad news and turmoil would inevitably follow. It did. Mandrien Consulting Group asks the big question: how these financial companies could file for bankruptcy? After all, such institutions were responsible for lending cash, and soon they became the ones in need of relief. Year after year, bigger and bigger names such as General Motors began filing for bankruptcy and it all seemed to be business as usual. While many companies have come and gone, Mandrien Consulting Group stands strong.
The spin-machine that attempts to make bankrupt businesses look like a million bucks is easy to spot. Companies adopt an attitude of “what doesn’t kill you makes you stronger” and assume that everything will be alright. Bankruptcy often has a domino-effect among industries as company after company will take the fall, one after the other. Don’t let your company take the fall, as Mandrien Consulting Group can help.
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