What companies went bankrupt in 2012?
What companies went bankrupt in 2012?
In 2012, there were a number of major business failures that led to the loss of thousands of jobs. Here is a list with brief descriptions of companies that declared bankruptcy, along with the number of employees lost.
Over the last several years, many companies have gone bankrupt. The following list of companies that declared bankruptcy in 2012 was compiled from a variety of sources including the Wall Street Journal and CNN Money.
Bankrupt in 2012
Despite the economy's general upward trend, many companies in 2012 filed for bankruptcy. A number of factors might have contributed to their downfall: some of them had too much debt, others were unable to adapt to a changing marketplace, and still, others had difficulty staying afloat during the recession.
In 2012, the following companies filed for bankruptcy:
-1-800-Flowers
-American Apparel
-Bank United
-Blockbuster Video stores
-Burger King Worldwide Inc.
A famous company that went bankrupt
The year 2012 saw many companies go bankrupt, including one of the most widely known tech companies in the world. In Silicon Valley, a series of middle-aged men dressed in suits stood in front of a camera and spoke from behind a podium to announce the bankruptcy of one of their biggest clients. We had never heard of this company, but everyone we knew was shocked.
Why this company went out of business
Everyone had an opinion about how this happened and why this company went out of business. The majority of people said the CEO was lazy and tended to just coast by on his name for years. Some say it's because he sold his company to another company and started taking life easy. Others think that he hadn't innovated enough with his company over the past several years. Whatever the reason may be, that CEO—Steve Jobs—is no longer associated with that company.
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