My husband and i have more business debt than personal. we own our own business. we have to locations. one?

what is the best way to get out of business debt?

Increase revenue and decrease expenses.

The question is how much that debt is keeping you from expanding your business or otherwise enjoying its fruits. If it is a big deal then work out a rigorous program to get rid of it as much as you can, as quickly as you can.

Transfer balances to low or zero interest accounts and start destroying them. I know you can!

Get a pro accountant they can consolidate and show you ways to reduce debt ..they (accountant) should make their fees back in reducing taxes etc....

Tags

　　Debt Financing 　　Capital Investment 　　Business Investment 　　Business financing 　　Business Invest 　　Business Debt 　　Bond Investment 　　Angel Funds 　　Alternative Investment

Related information

Is an officer personally responsible for business debt if he or she is the one that signed for the account...?

In the case of a credit card, if the card issuer agreement between the company, the creditor, and the individual is that the individual is responsible for paying the account (which it normally is),...

What's the real deal with bad business debt, an S-corp, and my personal credit?

I think it depends on a number of things, including how you took out your initial business loan (which I assume you are still paying off). Here's some articles on the subject: ...

Sole proprietor business debt...harassment, help!?

Have a look at the article below. It spells out your rights as a debtor and what they can and cannot do. Essentially they can only call you so often, so many times. If you send something to ...

Am i right to stop paying for a business debt if my ex business partner will not provide the bank statements?

If your name isn't on it, don't sweat it. It is possible that she could come after you legally, citing breech of an oral contract, but it's unlikely. There probably aren't too...

Does a small businesses debt work into a buyout of a 50% partner of that business?

Yes, the $200,000 should be included in the valuation of the business. That debt impairs the value of the business assets. I'm sure your partner would love to walk away from the entire debt wi...

Does paying a small business debt with personal funds open you to liability?

It depends on lots of factors. Why not just play it safe. Put the money into the company as owner's equity, then have the business pay the debt. Write the company a bill for the money...

I have a lot of business debt as a sole proprietor. Why does bankruptcy go against me personally?

This is one of the very few times where bankruptcy is the proper answer. You made some bad business decisions (as we all have from time to time). Since there is no reasonable hope that you'll ...

Paying off business debt?

Your question is filled with unknown facts. First, and most importantly, you should be able to pull out of your mess if your creditors continue to help or if a bank or someone bails you out. The ...