If brought in early enough, an accountant could help to prevent liquidation or bankruptcy and could prevent a total collapse of the business. (smallbusinessesdoitbetter.com)
This was particularly crucial for a high - tech privately controlled firm, where failure to criticize poor products and management would risk the rapid collapse of the business. (blog.politics.ox.ac.uk)
There can also be the total destruction or collapse of business prospects. (themaven.net)