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With the rise of large e-commerce retailers like Amazon, Americancompanies face many challenges. Bankruptcy could be the fate of companies that succumb to growing online competition. But filing for bankruptcy does not mean that a company must kill its operations. In fact, some companies may be able to try again. Market host Kai Ryssdal spoke with Eliza Brooke, an independent journalist who wrote for The Goods by Vox about the second chance dance experienced by many companies during bankruptcy.
Businesses need a reason to be in the business world. So it's a bit the question that they ask themselves when they think: "do we want to restructure, do we want to wind up?" Do they go bankrupt because they have too much debt, but they still have good sales? Or did all their clients leave them?
Click on the audio player above to hear the interview.
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