Our business is tied with other companies

The company that I am currently working with has a lot of debts that will surely run-off business soon. Now, the shares that our company has is being questioned by the other companies who had ties with us. The owner of our company is now in a stressed position and gave to our department to handle the documents that are needed to close the ties with them.

  • user image

    No Name

    Most companies have a lot of connections, they sometimes ties up with other companies to help each other and share the stocks that they have. But there are companies who goes bankruptcy and will go foreclosure. When they are closing the business, they cut their ties immediately to not stain the other companies name. Or sometimes when they are liquidating, it goes to the shares.

    2020.03.24 15:44

    Please leave your knowledge and opinion!

    Related Forums

    Inheritance of money

    Wrong diagnose of medicine

    My neighbor is causing excessive noise 'til midnight.

    Is contract & agreement applicable even to a small business?

    Will my husband be able to walk again?

    What if one fails to pay installments?