6 Companies Who Bounced Back From Bankruptcy: From Zero To Billions

Описание: Apple went at the verge of bankruptcy in 1997 until Microsoft invested $150M into them. This allows them to go back to the cycle. And emerged as the top gadget provider in the world today. What are the other companies that went the same path?

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6 Companies Who Bounced Back From Bankruptcy: From Zero To Billions

Would you believe it if someone tells you that Marvel went bankrupt once? Well, it’s true. As you can see, they managed to come back. But how? Announcing a bankruptcy does not mean that it’s the end of it all. This video presents the top 6 companies that went bankrupt that came back gaining billions of net profit!

Some companies managed to come back after new investors came in, restructuring, and getting new executives. Discover the story behind how Marvel managed to return and other some Companies that bounced back from bankruptcy. You might be surprised to know that these corporations despite their current reputations have filed for bankruptcy as well.

As mentioned, filing for bankruptcy is not the end of the company. In fact it can also be an opportunity to recalibrate its business approach. Rather, many companies use a chapter 11 bankruptcy to shed debt and other liabilities they can't afford while closing unprofitable operations and locations. For these Companies that bounced back from bankruptcy, this allowed them to undergo a reorganization of its business affairs, debts, and assets.

One example of the Companies that bounced back from bankruptcy that’s in the list is Converse. Now, Converse is owned by the one the largest footwear manufacturers in the world. But before that, this American shoe company was doing amazingly well in the 20th century as one of the biggest brands in the industry. However, they suffered consequences from an antitrust lawsuit which gave the company some bad attention.

Not long after moving on from this lawsuit, Converse had another issue to battle with----- new competitors. New brands were coming into the scene such as Puma, Adidas, and Nike. Unfortunately, Converse wasn’t able to catch up with the game and soon after filed for bankruptcy. One of its competitors made a deal and acquired the struggling company and allowed it to operate as its subsidiary.

As an entrepreneur, you will be encouraged by the tenacity of these companies amid the lowest point of their businesses. They were able to re-emerge from bankruptcy in better shape than before they went bust.

That’s why if you want to learn from the top companies who rose from the verge of loss, just make sure to watch this video until the end.
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