Corporate Bankruptcy: A Legal and Academic Study

The business world is often confusing at once we see glorifying firms with exclusive work culture, billions in revenue, and hundreds and thousands of employees and in the moment of time everything is gone, mounting debts, rigorous downsizing, getting out of business, getting sold for pennies on the dollar, what triggers all this? how does this rigorous change occur and how do businesses manage to get out of their debt trap? This paper answers all of these questions through this research, the main focus of this paper is to provide knowledge to the management students in a very concise and simple language to provide perspective about the subject matter.