Re:Startup Restructuring 101
by ido on Sunday November 27, 2022 @04:08AM
(#33761572)
How do you know you will actually have money in a couple weeks?
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Re:Startup Restructuring 101
by javawizard on Sunday November 27, 2022 @05:22AM
(#33761875)
If you wouldn't have money in a couple of weeks, how does this make any difference?
Delaying bacruptcy can, and has, landed people in jail.
It may not to you, but your unpaid vendors would know to not wait on you hoping you'll pay up at the end & try to figure out a backup.
If I was providing services to a company I'd much prefer they tell me they're unable to pay ASAP then just delay as much as they can and then not pay at the end.