Posted on Thursday, 25th June 2009 by admin
Business Directory
I want to help a friend of mine because he is very stressed out right now. His business used to be very good and successful. Now that the economy is bad people have not been paying them, 60+ days over. They owe the bank 600,000 because of this. If this happens does it mean that you need to find an investor? Or what other options can he take to save his business. He’s in the AC/Heating supply business.
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I want to help a friend of mine because he is very stressed out right now. His business used to be very good and successful. Now that the economy is bad people have not been paying them, 60+ days over. They owe the bank 600,000 because of this. If this happens does it mean that you need to find an investor? Or what other options can he take to save his business. He’s in the AC/Heating supply business.
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Tags: Economy, Investor, Supply Business
Posted in Credit | Comments (1)
June 28th, 2009 at 11:20 pm
Chapter 11 would be best than he gets to reorganize, get rid of debts, and still keeps the business and keeps it running.