can a company be profitable and still go bankrupt?
356558
Yes - that's what Chapter 11 is for.  A company is profitable but for some calamity or disaster which is not going to be repeated.  Chapter 11 allows for reorganization and for the going concern value of the business to be preserved.
1136700
Go and get a proper lawyer!!  These companies have an abundance of money to spend on lawyers, and they love tying up a case for as long as possible, hoping you'll go bankrupt or go away ... don't give up!  Get a lawyer who knows what he's doing, even if he costs a bit more!!
524431
Otherwise your business cannot grow and you will make a loss!\n\nProfits are good!\n\nLosses are bad!
1029778
It could put some small companies out of business....?
303907
It depends if the company can make up the money that it lost then yes it would, if it can't then no it will not.
142034
You need to be more clear.\nDid the company lose the money?\nOr did shareholders lose money?\n\nSirius is a good example of a company that lost money. Anyone that owns IBM shares are underwater.
551002
Is this with a bank? or an individual? \nUnfortunately, this is considered a "high risk" industry, and therefore, the bank will most likely decline any funding if your credit rating has deteriorated, and the net worth & net income of the company is not showing profits. \n\nYou need to talk to the person, and ask them, if there is some way you can discuss other options, than them demanding the loan in full? \n\nFailing this, you need to assess whether you should stay in the business, I know it is tough, but if you are having a hard time paying now, what will change significantly to make you pay later? \n\nThis, may be the toughest realization, but it is what you need to consider.  \nI am not sure what you signed as security for the loan, however, you may have some options, and I would approach your Bank to discuss what the options may be.  Worst case, is bankruptcy, but there is a lot of decisions and choices in between. \n\nGood luck to you.
734000
Profits can be really good but it takes a lot of time to run this kind of business on your own\n\n\n\n\nhttp://suppliers.50webs.org
326118
Probably zero.  If the company truly has no assets, it is likely that it will be treated as having liquidated for federal income tax purposes.  Even if it has not been liquidated, there are tax rules that are designed to make it difficult or impossible to derive a benefit from buying a company that has nothing but a NOL.  I doubt you will find a well-informed buyer who is willing to take a chance that the NOL will be usable in the future.\n\nIf you (or whoever the present owner is) were to start up a new business in the company, and assuming it is not considered to have liquidated, then you might be able to use the loss carryforward.
7718
Well a good approach is to posit several possible scenarios for how you business may end via acquisition.  Which players are interested in the technologies you have built?  What would be the value of your work to them?  What alternatives do they have to acquiring your technology?\n\nBy working through these scenarios, you'll already get a good sense of the scale of an acquisition based exit.  Now this is all assuming the value of your technology on its own merit, outside of how much business infrastructure you have built around it.\n\nTo evaluate that element properly, you need to examine the basic financials of your business.  Are you profitable?  Is there significant revenue?  Is there significant debt?  If the business has been running for a bit and generates profit with modest operational cost, then you can probably get a buyer based purely on this fact.  You should expect to get anywhere from 2-20 times the value of yearly revenue, depending on the operational quality if your business.\n\nAnyhow, your exit strategy needs to include these basic financial numbers, or your projections of them for the future window where the acquisition might happen, and then it should lay out the attractiveness of an acquisition for the potential technology buyers.  If you do this, you would have done your due dilligence, and the finance guys can take it from there.
522705
That would be a good question to someone who worked at Enron or MCI Worldcom.  In today's society where we have to rely on big corporate giants for our futures I would say No it isn't a possibility.  Now the goal is just surviving when the company folds under you.
654813
The company is bankrupt, meaning as an owner, your shares are worthless.\n\nHowerver, if you have the stock certificates, you can sell them on eBay.\n\nEnron stocks were going for $50 per piece of paper to folks who collect such things.
655158
From observation Companies today are too diversified and need to consolidate if they are to survive.I see the push toward companies managing their separate department totally autonomously from each other in order to better evaluate their performance and profitability. I worked in a company many years ago which used the profitable divisions to prop up those divisions which were not so profitable which, to my way of thinking, was a huge mistake even for those days.I have seen many a company collapse under the weight of excessive diversification
277668
If you are that bad, yes.  Otherwise you may be headed to bancruptcy.  If that happens, you will lose assets anyway.
231718
In the UK yes you can go bankrupt but you will not be able to get a bank loan, mortage or any form of loans for up to 5 years!!! My advice is stick it out! I have a £12,000/$24000 student loan!
698594
A Compnay can go into liquidation in 2 ways - either put itself in or a creditor can force it in. \n\nIf a Compnay cannot pay its debts when they fall due, any creditor can issue a winding up petition thru the courts, which, if succesful, will put the compnay into liquidation.\n\nThe Directors of a Compnay in liquidation are investigated to make sure they havent acted illegally.\n\nIf a Compnay goes into liquidation, the liquidators (specialised accountants) have to sell the assets to pay off the debts - usually there are insufficient assets in the company to do this so some owed money will lose out.\n\nAlternatively, another Compnay can buy the company as a going concern (and its assets), but would leave the debts behind - again, whether or not those people owed money would get it depends on how much the compnay and its assets were sold for.\n\nIt is technically possible for a Director to set up a new company to buy the old but there are very strict rules governing this so it is unlikely they could do it just as a way of avoiding having to pay debts....not like the old days!
439834
If you can secure it to a point where they wont lose their money in the event your business should lose again. Exit strategies and security ,along with nice above average returns. Although this is just based on what you are stating here. If you want to discuss options further email me at bizconsultant2000@yahoo.com