I am sure that you know somebody who had to deal with the topic of business insolvency in the past or somebody who is dealing with it right now. When the economy is not doing so well, sometimes you cannot avoid going bankrupt. If your business is not profitable, the only course of action to assume might be to close it, but what if the owner of a business does not want it to happen and wants to keep trying no matter what? I know that there are people out there who would do anything to keep their business especially when the times are tough. You even might be one of them.
Bankruptcy might not always be the only option a business owner has. Other options I can think of here are contacting somebody who knows a lot about bankruptcy and business insolvency and somebody who can help. It is such a shame that so many business owners out there do not take steps in order to prevent business insolvency. Little do they know that there are many solutions available to them, some of them they have never even heard about. It is advisable to learn about the solutions as early as possible to prevent bankruptcy or insolvency from happening.