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. […]
Read MoreChapter 12 Bankruptcy , Farm & Industrial , Financial Problems
“Can I sell my equipment and use the proceeds to stay in business?” is a fairly common question we receive from business owners. Similar questions come from farmers asking about the sale of livestock or feed. The answer requires an analysis of the security agreement for the assets. That agreement describes the terms of the […]
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