A commercial retail space is advertised for lease along King Street West in Toronto on March 9, 2021.Tijana Martin/The Canadian Press
Daryl Ching, a Toronto-based chartered financial analyst, has worked with dozens of small business owners over the years. Some of them, unfortunately, fell on hard times and had to close.
When that happens, hes seen some business owners sell personal assets to cover outstanding debt. Hes seen others manage to sell their businesses to investors. And occasionally, the operators of some failing companies have just walked away.
But one thing hes never seen? In my 12, 13 years in business, Ive seen companies close up, and zero of them went through a regular corporate bankru…
Read the full article at: https://www.theglobeandmail.com/business/small-business/article-why-there-are-likely-more-business-failures-than-insolvency-numbers/