I know from my personal experience that starting a business is not that easy these days. Even if somebody manages to take off and be successful in the beginning, it still does not mean that he is going to be successful forever and never deal with something called business insolvency.
I see so many businesses closing in my area. Even our local Comet closed down not so long ago not to mention that our PC World merged with Curry’s what used to be two different stores until very recently. Of course, only because two stores closed down in the area probably did not affect the whole chain of stores in the country, but I can imagine that if somebody is a small business owner and his store closes down, he might not have any other option but to seek help.
Business insolvency or bankruptcy does not have to mean the end of the world. There are some tricks that a business owner can resort to in order to avoid his predicament. Only because somebody does not have to money to pay his small business loan or even pay his business partners does not have to mean that everything is going to end for him. So many tools are available to those who experience financial difficulties.