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Posts tagged "Small Business Bankruptcy"

How can a confession of judgment hurt my business?

Entrepreneurs have fallen victim to a growing scam that uses a legal document as a weapon to strip away funds from growing companies. The fraud also relies on the New York court system and an owner’s eagerness to expand into new markets.

What is loan stacking and why can it be a problem?

Small business owners sometimes encounter challenges when it comes to getting financing for their company. For example, they might not get approved for as big of a loan from the bank as they were hoping for. When this happens, some business owners might be tempted to stack loans.

How much business debt is too much?

Debt can serve some very important purposes for businesses. For many companies, it can be a critical source of financing for getting off of the ground or growing. In a 2017 survey, around 77 percent of polled small business executives pointed to money from financial institutions as being important for small business success.

Can you keep your business if you file bankruptcy?

Filing bankruptcy can be an extremely difficult time for businesses. Will the business be able to stay open? Will employees be laid off? These questions can be overwhelming and depend on which type of bankruptcy a business chooses.

Financing missteps can lead to debt problems for startups

It is very common for entrepreneurs here in California to turn to financing to help with the costs of getting a startup up and running. What decisions startup owners make regarding financing can have long-term implications for their company.

Can a Kenmore sale save Sears?

Here's one way to unload unmanageable debt and try to build for the future - sell a division that's still attractive to buyers, yet could cause problems down the road. Sears Holdings Corp. CEO Eddie Lampert has put the retailer's notable appliance brand Kenmore up for sale.

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