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Have a Liquidated Company? If Yes then... (Pressure on debtors to repay…
Have a Liquidated Company? If Yes then...
Pressure on debtors to repay the company
No
Knock on their door and beat them up
Yes
No
File for Bankruptcy
Yes
Selling fixed assets. Eg. Unused property, machinery / equipment
No
Are you able to raise money?
Yes
No
File for Bankruptcy
Yes
Reducing the workforce and reducing variable costs
No
Reduce Production
No
File for bankruptcy
Yes
Yes
Replace labour intensive production with capital intensive production. Less costs
Yes
No
Continue labour intensive production
No
File for Bankruptcy
Yes
Requesting government subsidies in vital industries with high unemployment
Look for new investors by diluting the ownership. Eg. bring in new partners
Discontinue products with low sales
Yes
`No
Reduce number of assets
No
File for Bankruptcy
Yes