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It should also be noted that if your company is currently utilizing services such as small business debt consolidation or business loans, we may be able to work in conjunction with these services.
Before making the decision to file for bankruptcy, it is important to consider all of the options and services available to your company including: small business debt consolidation. does not offer small business debt consolidation we do offer an alternative service that can help you avoid bankruptcy.
The headaches associate with filing Chapter 11 or Chapter 7 bankruptcy includes stressful court appearances, trustees who are given power by the courts to go over a small business’ books and outrageous legal fees.
In effect, multiple debts are combined into a single, larger piece of debt, usually with more favorable pay-off terms: a lower interest rate, lower monthly payment or both.New laws have made bankruptcy more of a chore than a solution.The cost of a bankruptcy can be high, leaving small business owners with few assets to end up with practically nothing after it is all said and done.When that happens, business owners sometimes look to bankruptcy as an option.Bankruptcy, however, can cause more problems than it solves.