Business going Bankrupt, need advise!?
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My friend was in this situation, he tried to sell the business but couldnt, he put piece by piece on ebay and sold everything. He was able to not file bankruptcy and pay back the suppliers.
Business going Bankrupt, need advise!?Bankruptcy does NOT mean you will lose your home. You are, often, allowed to keep some personal belongings, as well, depending on your State of residence.
Feel free to e-mail me at t_placar@yahoo.com so I can get some more information and might provide guidance.
Business going Bankrupt, need advise!?Try selling on ebay, if possible.
Prosper.com may be the best site of your life, too.
If you are sure you can make a living of this store, do everything you can to keep it open. If you don't feel it's going to be a success, it's better to sell everything and find a job.
Good luck !
Business going Bankrupt, need advise!?Have you considered an investment partner giving away a portion of the store as collateral.
You can advertise in your local newspaper for this type of investor.
Another possibility is you can ask family and friends and give out shares to each that want to invest. Shares can be purchased for as little as $1000.00 or $5000.00 depending on your decision as to what you wish to sell a share for.
There is a software program that you can purchase that will show you how to do this.
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