The business and economic environments have not been good the past several months due to the COVID-19 pandemic. Because of the swooping downturn, revenues dropped, customers made fewer orders, profits shrank and layoffs occurred. In times like these, small businesses...
There are many reasons why a business may run into financial trouble but it's always important to remember that a business struggling financially is not necessarily a failed business. In many cases, businesses that are struggling financially can find relief by filing...
There are many songs written about love and its many downfalls and triumphs. It can be an emotional rollercoaster with, hopefully, a positive outcome. While we may not hear many songs written about bankruptcy, the same could be said about the process. When a business...
While every business owner has the goal of ensuring for a healthy profit margin, there are sometimes circumstances outside of one's control that force a business to take on more debt and operate in the red. For a business owner, taking on too much debt can quickly...
For businesses in serious debt, Chapter 11 bankruptcy may be the best solution, but many business owners have other options. The federal Small Business Administration provides several loan programs that help troubled businesses get out of debt, so that they can...
There are numerous factors that affect whether or not a business is profitable and fiscally sound. Competition, new technologies, burgeoning markets and changes in the U.S. and global economies are just a few of the many things that can influence and ultimately...
