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A comment on Startup Restructuring 101. Parent comment

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?
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Re:Startup Restructuring 101 by hef19898 on Sunday November 27, 2022 @05:23AM (#33761884)
Delaying bacruptcy can, and has, landed people in jail.
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Re:Startup Restructuring 101 by ido on Sunday November 27, 2022 @12:48PM (#33764871)
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.

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