Sentences with phrase «of business debt»

In case of business debts that the business is unable to pay, the personal assets of the partners are at risk of getting sold in order to clear off the debt.

The legal status of your business determines how your debts will legally be treated and what type of business debt advice you require.

Getting rid of your business debt is much like getting rid of your personal debt.

A personal guarantee means the business owner assures repayment of a business debt with personal assets, if the business defaults on the debt.

You may look into these for short - term relief of business debt.

Our West Palm Beach contract attorneys regularly represent clients in lawsuits arising from the sale of a business; collection of business debts or promissory notes; breaches of employment contracts, shareholder agreements, and commercial leases; and other similar disputes.

But as a sole proprietor, you would be held personally liable if your company faced litigation or creditors demanded payment of business debts.

Although you may find that you can easily get into and difficult to get out of business debt, there is a debt consolidation that can make sure that your business has an adequate cash flow available at a time when you need it.

Online submission of business debts for collection from delinquent Commercial, Consumer and Healthcare and Public Sector accounts, plus online payment - by - check feature for debtors.

SmartBiz's lending banks also want to see a list of business debt, if your business has any.

Business debt consolidation is an effective way to restructure existing, expensive forms of business debt from lenders, corporate credit cards, creditors, suppliers or collection agencies.

The main benefit of business debt consolidation is that it allows the borrower to improve the liquidity (cash flow) of their business, although it can also reduce administration costs, especially if the business has multiple creditors to service each month.

In a challenging economy, navigating the perilous waters of business debt can be an every day task.

• Provides money to assure business continuation or dissolution at a fair market value • Provides revenue to pay back debt and satisfy creditors • Assures heirs receive cash for the fair share of the business

battling a financial waiver at the moment given the amount of business debt compared to my future salary.

If you're a struggling business owner, Chapter 11 bankruptcy could clear all of your business debts.

Missing a payment on one of your business debts can knock as much as 100 points off your personal score, making it harder to get new credit in the future.