Before You Consult With An Attorney To Discuss Bankruptcy
Before You Consult With An Attorney To Discuss Bankruptcy When times get really tough: The number of bankruptcies has increased dramatically over the past decade, there still is a stigma attached to it that makes future dealings with lenders, and creditors difficult at best. The day may come when cash flow becomes an issue that precipitates a business filing for bankruptcy, bad things do happen to good people, including honest and even successful companies and departments that have spun momentarily out of orbit – it could even happen to you. But before entrepreneurs start to jump ships, and call it quit, hand themselves to the authority or even hit flight-mode – they should ask themselves the following five questions : 1. Have I done any best in negotiating with creditors and suppliers to become partners in helping me out of this crisis? Do they understand the severity of my situation? Have I done honest with them in terms of cash availability and paym...