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What Causes Real Estate Bankruptcy?
Some Make $16M.
Bankruptcies for Corporations
This is just a guess…
Corporations might raise more money than they can cash flow, Though I don’t want to say that. They just spend for growth not keeping any for cash flow.
What other reasons are why Corporations go bust with budgets:
Why do corporations go bust with budgets?
Cash
Bankruptcies for Individuals
What causes them…
There are many factors that cause bankruptcy in individuals (I’ve written it before):
- Divorce
- No budget — though I’ve said that helping people balance their budget doesn’t work
- Illness
- Death
- Loss of job
I’ve seen many individuals go bankrupt trying to close real estate deals when their credit card fails. It happens every month.
They spend $5K on advertising and that’s all of their money.
Some make $16M.