Not every business debt crisis involves a dozen creditors and years of stacked financing. Sometimes it’s just two lenders — but the numbers are still enough to sink a business if nothing changes. That was the situation in this case. The situation This business was carrying debt with two creditors: a secured and unsecured balance
Small business owners rarely end up buried in debt because of one bad decision. It’s usually a chain of them — a slow season, a gap in cash flow, and then the fast, expensive financing that seems like the only way to keep the doors open. That’s exactly the pattern we saw in one of
Written by Steven E. Cowen, Esq.Attorney, Debt Solution Law Group | State Bar of California #132988 | Full attorney bio → The Business Owner’s Situation Let’s take a look at how the SBRA works in a situation of a hypothetical California restaurant owner with the following financial circumstances. In this blog, we do cover a
Estudio de Caso SBRA: Dueño de Restaurante en California Leer más »
Written by Steven E. Cowen, Esq.Attorney, Debt Solution Law Group | State Bar of California #132988 | Full attorney bio → The Business Owner’s Situation Let’s take a look at how the SBRA works in a situation where a married restaurant owner doing business as a corporation has personally guaranteed the business debt. The owner
Mantenemos los Negocios de California Abiertos y Rentables.
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