Without it business can't take place. Every business should consider that before sending their henchmen to the courthouse. There are many ways in which businesses can go under. Many actions that don't appear to be bankruptcies actually are. Take mergers, for instance.
Mergers are often a way to get rid of companies.
When two competitors merge the result isn't one strong, dominant player. The result is often just one competitor. That's the way to understand deals like last week's acquisition of Women. Com by iVillage . The result will be the same as in bankruptcy too.