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Debt Destroy

Attitudes Needed When Your Business Is Facing Bankruptcy


cakelover Rep Points: 245
Posted on April 9, 2009 at 6:44 am
Before the total bankruptcy, you should have already prepared a contingency plan. You should be positive, resourceful and innovative. We learn from our experience.

tenchi18ph Rep Points: 1,140
Posted on April 9, 2009 at 11:27 am
Yeah, cakelover is right. Before anything else, prepare a contingency plan if ever your business falls down. You should anticipate this will happen to determine what other step you can make to prevent your business from bankruptcy.
Posted on April 15, 2010 at 4:31 am
Consult with a bankruptcy lawyer and ask for what they call a bundled service, if you can't afford the full services of a bankruptcy attorney.
Posted on April 15, 2010 at 4:32 am
Attitudes needed when your business is facing bankruptcy - is this forced bankruptcy orvoluntary?

1casio Rep Points:
Posted on April 15, 2010 at 4:34 am
I agree, whether it's a forced bankruptcy or voluntary - do look for alternatives first. There are companies that offer debt reorganization/restructuring (not sure about the exact term) services which might save you from bankruptcy.
Posted on April 15, 2010 at 5:34 am
Here's an article from the FTC -before filing for personal bankruptcy - http://www.ftc.gov/bcp/edu/pubs/consumer/credit/cre41.shtm