1
vote
4answers
453 views

What happens when a startup goes bankrupt?

When you have shares in a startup, what happens if the startup runs out of money, has debt and bankrupts?
6
votes
4answers
180 views

Does shutting a start-up down affect your ability to do future start-ups?

I have a friend who is contemplating shutting his start-up down. Because he has more liabilities on the books than assets he would have to file for some form of bankruptcy (I think). My question is ...