{"id":648,"date":"2017-02-09T15:39:09","date_gmt":"2017-02-09T21:39:09","guid":{"rendered":"http:\/\/www.mankatobankruptcy.com\/blog\/?p=648"},"modified":"2017-02-09T15:39:09","modified_gmt":"2017-02-09T21:39:09","slug":"zenos-bankruptcy-st-peter-mn","status":"publish","type":"post","link":"https:\/\/www.mankatobankruptcy.com\/blog\/zenos-bankruptcy-st-peter-mn\/","title":{"rendered":"Why the Small British Car Company Zenos Went Bankrupt and Why It Matters for Small Business Bankruptcy in St. Peter, MN"},"content":{"rendered":"<p>In today\u2019s technology-rich digital age, small businesses have more expenses than ever before. While these expenses all open up incredible marketing and product design outlets for small businesses, the increase in number and variety of expenses also leads to an increase in the potential for going into debt. If you own a small business that\u2019s deep in debt, Behm Law Group, Ltd. can help you file for bankruptcy in St. Peter, MN.<\/p>\n<p>Because the commercial system of today\u2019s world has grown so complex, it\u2019s inevitable that many businesses struggle and fall into debt. For example, the sports car company Zenos\u2014a tiny enterprise by the standards of the auto industry\u2014recently declared bankruptcy. After losing a major investor and having several orders for their new model of the E10 cancelled in the US, <a href=\"http:\/\/www.autoblog.com\/2017\/01\/20\/zenos-sportscar-manufacturer-bankrupt\/\">Zenos<\/a> was left with debts racked up from product building and marketing expenses.<\/p>\n<p><strong>Quality Product: <\/strong>Despite the technologically-sound craftsmanship of the Zenos E10 models, cars widely considered to be potential rivals of Alfa Romeo, Mazda, and even Lotus cars of similar caliber, the company continued to lose money after the release of their newest models. Of course, this is just one of hundreds of examples of popular companies with great products falling off the industrial map, proving time and time again that a quality product doesn\u2019t get your business off the ground and running forever. What it really comes down to is money, and a substantial amount of money for small businesses comes from investors.<\/p>\n<p><strong>Investors: <\/strong>In the case of Zenos sports cars, the company gathered a loyal cult following of fans of unique cars who appreciated the well-crafted Zenos products. Unfortunately, while a cult following is often the sign of an innovative product, it also frequently can\u2019t support a company as whole. When the small batch of investors that Zenos largely relied upon could no longer support their investment, the company quickly lost money, and the straw that broke the camel\u2019s back came when U.S. orders were cancelled.<\/p>\n<p>Even small businesses here in Minnesota can recognize the importance of investors going hand in hand with a quality product to support all of the necessary expenses.\u00a0<strong>\u00a0<\/strong><\/p>\n<p><strong>Debt Payment: <\/strong>Zenos is on the market for new investors, and if the company can find one, they will be able to start a debt repayment plan under UK bankruptcy codes. However, without proper cash flow, Zenos\u2014just like any other bankrupt small business\u2014will have to liquidate its assets in order to discharge debts.<\/p>\n<p>If your small business is struggling financially with no possibility of meeting debt payment requirements, Behm Law Group, Ltd. can help you work through filing for <a href=\"http:\/\/www.mankatobankruptcy.com\/bankruptcy.php\">bankruptcy<\/a> in St. Peter, MN. Contact us today at (507) 387-7200 for more information.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In today\u2019s technology-rich digital age, small businesses have more expenses than ever before. While these expenses all open up incredible marketing and product design outlets for small businesses, the increase in number and variety of expenses also leads to an increase in the potential for going into debt. If you own a small business that\u2019s [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[37],"tags":[],"aioseo_notices":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Why Zenos Went Bankrupt &amp; What it Means for Small Business<\/title>\n<meta name=\"description\" content=\"Check out Behm Laws information on why the car company Zenos went bankrupt and what it can tell you for small business bankruptcy in St. Peter, MN.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.mankatobankruptcy.com\/blog\/zenos-bankruptcy-st-peter-mn\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Why Zenos Went Bankrupt &amp; 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