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Small Business Bankruptcy Archives

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.

Using credit cards to launch a start-up is risky business

Maybe you’ve heard about a successful entrepreneur who launched his or her company using their own credit cards. Occasionally, an independent movie that was produced on the filmmaker’s credit cards is critically acclaimed and gets widespread play.

Four factors alternative lenders consider

A small business loan can be the difference between keeping the doors open and having to shut down. If you are unable to secure a loan from a bank, a number of alternative lenders have emerged in recent years. These lenders help many businesses when banks will not.

Think twice before signing on for a merchant cash advance

Your small business is going through a difficult time. You may have creditors pressuring you for payments, or you are struggling with inventory problems, or you may owe back taxes. Perhaps you are feeling the pain of all three.

Be sure to take lessons away from a bankruptcy

Think of Chapter 13 bankruptcy as a business mulligan. Some tremendously successful figures in U.S. history have declared bankruptcy, including our current president and the president widely considered to be among the best ever. Abraham Lincoln had to repay creditors over a period of 17 years after a general store he co-owned failed.

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