On almost a daily basis people will hear a out a company or a business going bankrupt and being bought out while watching the news. Newspaper headlines written in bold bring more attention to these businesses and some might even frighten the consumers. Many of theses bankrupt companies are global and spread around the world, while others may be as close as your neighborhood shopping center.

Though it may seem like only certain stores are shutting down, the companies are being affected all over the globe. Some companies sound vary familiar because we’ve either seen the commercials on television or been shopping in their store.

Other companies may not seem so important because the effects it will have on us personally will not change anything. There are many mixed reactions as far as what these companies are doing wrong and what they could have done to still be in business.

For those who don’t know what going bankrupt is, it is a very easy thing to get into. The act of going bankrupt is simply explained as getting into a debt that cannot be fixed.

These companies lose all their money and their stocks are paid in the amount of zero. Not only do the people who own these businesses lose money, the people who work five days a week with an average nine-to-five job for the company lose all hope. It might seem that the high ranking companies that go bankrupt are the people who lose the most, but in reality the lower workers that make the companies profit on a daily basis lose the most.

Skyline students have seen most of the effects of these bankrupt companies and have many mixed emotions about the effects on the employees. Skyline student Dionicio Garcia believes that the companies lose more than just money.

“Nobody benefits when companies go bankrupt, the employees or the people who work for these big businesses suffer the most”.

He also believes that the only way to discontinue bankrupt business is to stay focused on a rise or decline in the economy.

“Invest smarter. There has to be a reason why certain companies make more than others” said Dionicio.

The differences in certain companies are based on how they hold the consumer, whether it be the products they offer or the services. The companies that have failed and gone bankrupt have only offered certain products for the consumer. Sthiv Valencia believes that the businesses that are going under can only offered so much.

“The companies that went bankrupt only specialized in one thing, whether it be simply electronics or high fashioned clothing.”

He also noted that some good can come for your community through the bankruptcy of certain businesses.

“Neighborhood stores benefit from companies going under, big industry was competition. Now the small business has more hope to become bigger and offer more jobs to the community” said Sthiv.

The companies that go under lack the sufficient funds to keep operating. Money plays a major role in certain companies because some companies are bankrupt with no money while others go bankrupt in the millions.

Enrique Hernandez understands that corporations with money and the bank have a big say in what happens with money.

“The banks should know what is happening with there money. These stores get loans, buy products and don’t sell; the bank should know what is happening with their money”.

Businesses and companies open and close everyday. Some may offer a variety of services towards the consumer while others may just offer one thing. Though people have mixed feelings towards bankrupt businesses, in the end it really is a loss in the economy.

“The economy” are two words that most people focus on, and may scare them when trying to find a job. When companies go under so do the employees and the dreams they have for progression in the future. Many people have the luck of going to a job interview and being in work the next day. Others may have been in a handful of interviews and never even received a call back.

The economy and bankrupt businesses go hand in hand when taking care of the consumer. People believe that when businesses go under they get the good deals on the products that are going out of stock. It may be good to get items for twenty-five, fifty, or even seventy-five percent off but in the long run the money will be spent anyway.

Money is something that comes and goes in life; it can only be controlled as long as you own a big portion of it, like a bank. The owners of these companies know whether it will stay afloat or go under ahead of time.

The employees have no idea as it is too late; they are forced to find a new job. When it comes to saving money or keeping hundreds of people in jobs, big companies have the last say in whether we keep this business or pull the plug on it.