Can all companies go broke at the same time? Massive bankruptcy?
Let's say that suddenly every single company is bankrupt. Is that possible? Or is it the case that necessarily some other company profits from the bankruptcy of another one?
- babyboomer1001Lv 74 weeks ago
It would not be possible for all companies to file for bankruptcy at the same time, or even within the same year or two. There are far too many companies. Further, not all companies file bankruptcy because they are broke or going broke.
- StephenWeinsteinLv 74 weeks ago
Theoretically, they could. Realistically, they can't.
There is not necessarily any company that profits from the bankruptcy of a company, and there are nearly always other companies that lose money because of the bankruptcy.
However, if most companies went bankrupt, then some companies would profit. For example, since unemployment would go up, pawn shops would have more business.