![]() |
|
| *Home>>>Business Debt |
Need help with my small business debt, i don't want to file bankrupt? |
I have plenty of work to come, and have good credit and don't need to distroy what I've worked so hard to keep So, I'm assuming you've completed your sales forecasts, etc for this year and you anticipate showing a profit with your expected orders? If that's the case, you should be able to secure capital to pay your debts (dependent upon credit, dti, etc). Assuming this is an option, you could a) approach your financial institution for a line of credit, b) secure capital to pay of debts by leveraging your recievables or c) check out the myriad of consumer lending sites like prosper.com, etc to secure a loan. |
| Tags |
| Capital Investment Business Investment Business financing Business Invest Business Debt Bond Investment Angel Funds Alternative Investment |
| Related information |
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 momen... 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... ... |
Categories--Copyright/IP Policy--Contact Webmaster |