Unfortunately, sometimes there are reasons to consider business bankruptcy. When debt obligations get too overwhelming, business bankruptcy or debt restructuring can be an option.
Business bankruptcy is not inexpensive and not an easy analysis. Debt restructuring for a small business could involve negotiation of existing debts and interest rate, or finding new sources of funds to pay off older creditors.
If you're considering business bankruptcy or want to discuss a debt restructure, reach out to us for information.
Holmes Business Law, P.C. Two Convenient Locations- Main Line and Center City 40 E. Montgomery Avenue (all mail) 4th Floor Ardmore, PA 19003 and 2 Logan 100 N. 18th Street, Suite 300 Philadelphia, PA 19103
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