Small Business Owners: Wind Down Before They Take You Down

The worst insolvency outcomes I saw in practice were owners who waited — personally guaranteeing new debt to float a dead business. An orderly ABC or …

The worst insolvency outcomes I saw in practice were owners who waited — personally guaranteeing new debt to float a dead business. An orderly ABC or negotiated workout, started early, protects the owner. Started late, there’s nothing left to protect.

Know your exit before you need it.

Don’t pay a lawyer to find out what your rights are. Go to JusticePrompt.com — see the creditors kit and get the free kit. No credit card. No upsell. Just the documents and the law.

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Author: timothymccandless

I have spent most of my professional life helping people who were being taken advantage of by systems they did not fully understand.

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