Yearender 2024: In the year 2024, several high-profile companies faced financial turmoil and finally filed for bankruptcy. This year, a mix of economic pressures and shifting market dynamics pushed some key players across industries into financial distress.
What is Bankruptcy?
Bankruptcy is a legal proceeding for people or businesses that are unable to repay their outstanding debts. It is a process that allows them to meet their debt obligations to restructure or liquidate their assets. Bankruptcy often…