Strictly Business
In many cases a business will struggle to keep up with the costs of operation. The establishment could lose customers/clients to competitors, and default on loans or other debts. These entities then can be subject to chapter 7 bankruptcy laws – under which the defaulting business will file under the chapter 7 bankruptcy laws, and close down the business. Assets are then sold by the appointed trustee, and creditors are paid off. In the liquidation process, it’s not necessarily the case that employees will pay the price; at times, other companies may acquire entire departments and jobs may perhaps remain safe.