BP Bankruptcy Fears Begin As Their Market Drops
UK Today News: BP Bankruptcy Fears Begin As Their Market Drops
BP Bankruptcy: It is reported that the price of each share of BP continued to plunge which has brought concerns that BP might have to declare bankruptcy.
The reason that BP might have to declare bankruptcy to survive the financial and reputation disaster that they company had to face due to the Oil Spill in the Gulf Of Mexico.
It is confirmed that BP, one of the biggest Oil companies has lost around 47 percent of its value since the 20th of April. This has resulted in serious problems for its shareholders.
For those who are following BP closely, say that the liability for BP could reach around $40 Billion before it’s the end of BP. If this continues downhill for BP further, BP will have to end up declaring bankruptcy.