That's what happens in any business in any industry that's near the edge. If you stop taking bookings, or stop hiring then word is out , everyone takes to the hills and your credit evaporates. And those you owe money to grab whatever assets they can - immediately.
You plug on hoping that somehow it will all come good.
And sometimes that happens - we always hear about the ones that go over the edge but there are quite a few that survive near-death experiences and continue for years
I've been in both
