Treat or Eliminate
30 November 2016
Mentally, our society perceives the bankruptcy procedure as a kind of negative, like the finish of business and a bunch of debts.
Recently, entrepreneurs, regardless of scale and type of activity, are increasingly using this mechanism, and crisis phenomena in the state are a catalyst for this process.
You will say that bankruptcy is a reputational risk, and I will answer that reputational risk is a way out of the game.
Personally, the bankruptcy procedure reminds me of chess, because it is a long process, in which it is important to plan your actions in two steps forward.
Mykola Struts,
Partner of IMG Partners, Attorney,
Trustee in Bankruptcy of IMG Partners
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