@BabaB - That's true about companies that are in danger of going bankrupt. A careful approach to balancing expenses and assets is truly important.
The same thing is true for individuals or families, who are looking at bankruptcy, or who are deep in credit card debt. They have to take a careful look at their monthly expenses and what they bring in. If they don't cut all expenses, except the very important ones, like food, and shelter, their debt will get worse and worse. In time, it will feel so good to be debt-free!