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I have a business debt for $10,000 that i'm required to pay by the end of June I can't afford it. What do I do |
I have a business debt for $10,000 that i'm required to pay by the end of June I can't afford it. What do I do Meet up with your creditor now and discuss with him the alternatives like work out a repayment schedule or you can work for him for free or something. But you musn't leave it to the last moment. He's expecting cash flow in June and will make his plans accordingly. The earlier you tell him the better. But you must repay him something to show you're genuine. propser.com |
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If he does business with customers in the US who pay him, sue him for the money in a US court. If you win a judgment, then garnish the amounts his US customers owe him. They pay you and not him. ... Yes you can. If you were a sole proprietor and not a cooperation or if you personally guaranteed the lease with your finances. (did they run your credit? by asking for your SS#) ...The same as though it was a US debt. ...You could try to borry to cover the machine payments, but it would end up digging you a deeper hole. Then you would have a new loan for the same amount or more and have machines that arn't g... There is a great place to go with this. I was in a very similar situation. This is getting help from real people without the use of banks or credit card companies. Good Luck! ... It depends on the structure of the business. Was it a sole propietorship before you purchased it? If so, you did not purchase the "business" per se, but you purchased the assets of th... ... i doubt that you will read this -- by the time you flip through all of the schemers you will be fed up and just quit and rightly so. look first of all you are not in that much debt -- why borrow a... |
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