Most of the error you get from 0x00007b will usually be registry errors. So you man want to look into that first. Most of these methods will involve getting your registry fixed or filled in some way or another.
Method 1:
Download and install Microsoft Visual C++ Redistribution Package ( C++ 2012 x64)
Or
If you are using windows 64 bit operating system download and install Microsoft Visual C++ 2010 Redistributable Package (x64)
If you are using windows 32 bit operating system download and install Microsoft Visual C++ 2010 Redistributable Package (x86):
Method 2:
DLL Files: http://www.bitdefender.com/files/Know...
Method 3:
Use System Restore.
Method 4:
If the above methods don't work for you, as it happened to me, get Dependency Walker and check what libraries (system and user) is you app using. In my case it was the core dll of Cygwin. (Thanks to Valeriu Ohan)
Method 5 (For Games):
Update your DirectX by downloading the latest version.
Tip: If you have problem on Windows 8.1, try switching back to 8 and see if it works.