1. financial problems: due to wrong business decisions, market competition, customer churn and excessive debt, the company's financial situation may be worse and it cannot operate normally.
2. Business problems: poor management, changes in market environment, supply chain breakage, product quality problems and other business problems may also lead to bankruptcy of the company.
3. Legal issues: Due to legal disputes, irregularities, tax issues, etc., the company may face huge fines or litigation costs. , leading to bankruptcy.
4. Natural disasters: earthquakes, floods, fires and other natural disasters. It may cause serious losses to the company's assets and make it impossible to continue its operations.
5. Other problems: The company may also go bankrupt due to other problems, such as employee strikes, broken supplier or customer relationships, etc.