Category Archives for "Business Debt"

Mar 17

What Do I Do If My Business Has Financial Problems

Blog , Business Debt , Chapter 12 Bankruptcy , Chapter 13 Bankruptcy , Declaring Bankruptcy , Financial Problems , General Bankruptcy

One of the least asked questions startup entrepreneurs ask themselves is, “What will I do if the business has financial problems?”  There are lots of seminars and courses that talk about business plans, marketing, operations, and accounts receivable management, but rarely do these seminars or courses address how the entrepreneur should deal with financial difficulties.  […]

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Sep 01

Steps to Take When You See Your Debt Mounting Before It Gets Out of Control

Blog , Business Debt , Debt Collection , Declaring Bankruptcy , Financial Problems , General Bankruptcy

  How can you tell if your debt is out of control? There are various signs that a person has too much debt.  These indicators include the following: You don’t know the balances on your accounts.   You have made minimum payments for three or more successive months.  This signals an inability to reduce the […]

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Aug 30

Can I Take Out Debt Before Filing Bankruptcy?

Blog , Business Debt , Credit & Credit Scores , Creditors & Credit Cards , Declaring Bankruptcy , General Bankruptcy , Student Loans

I attend a lot of seminars and educational programs dealing with bankruptcy and related issues.  Usually the information is valuable to my practice and to my clients, but I recently attended a seminar where an attorney stated to the audience that we should never advise our clients to incur debts while we are planning on […]

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Feb 26

Your Business: How Reorganizing Can Keep You Doing What You Love

Blog , Business Debt , Chapter 11 Bankruptcy , Farm & Industrial , Financial Problems

Your Business: How Reorganizing Can Keep You Doing What You Love.

The odds are, your small business won’t be around 5 years from now. About half of all the businesses that started this year will close their shutters within 5 years later. Why do all these businesses fail? Both studies and common knowledge suggest many reasons. Including: changing economy, new or unanticipated competition or unforeseen disasters.  […]

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