Why would company go bankrupt in the first place?

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▪ A company cannot meet its debt obligations / interest payments.
▪ Creditors can accelerate debt payments and force the company into bankruptcy.
▪ An acquisition has gone poorly, or a company has just written down the value of its assets steeply and needs extra capital to stay afloat (see investment banking industry).
▪ There is a liquidity crunch, and the company cannot afford to pay its vendors or
suppliers.