Anyone have experience buying a company that is running out of money?

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April 16, 2024

by a searcher from Babson College - F.W. Olin Graduate School in Boston, MA, USA

I'm looking at a deal to buy a company that is running out of money. Decent business though they didn't manage their cash flow well. There's a lot to navigate so I'd love to hear from others who have done this before how to navigate the situation if I did move ahead.

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Reply by a professional
from North Central College in Chicago, IL, USA
Unless you have experience in restructuring or distressed investing or are partnering with someone who has this experience it is very difficult. It is never as easy as just stretching payables, cutting costs, it takes a holistic operational approach.
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Reply by a searcher
from Appalachian State University in Charlotte, NC, USA
No personal experience, but the Acquiring Minds podcast episode with Ben Rizzo is a great listen on this topic.
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