What are the signs that a company is near bankruptcy?
Jan Meriss Alfonso Assistant at Ascent Law LLC List of Common signs There are several signs that are a giveaway that a company is near bankruptcy or at least in financial trouble. These companies may be in bad shape, and employees of such companies should be wary of their employer's financial situation. Here's a list of some of the most common signs: *The company has been unable to pay bills on time. *Paychecks are late. *Employees are laid off frequently. *The company is constantly asking employees to work overtime without additional compensation. *There is little communication between company leadership and its employees. *The company is missing tools, equipment, etc., or items are broken or outdated. The important thing to keep in mind You might have heard a lot of bad news about the economy lately, but an important thing to keep in mind is those bad economics are not necessarily synonymous with bad business. Despite what you may have heard about the state of the world eco...