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![]() Business Debt RestucturingFor businesses that are experiencing financial hardship, a business debt restructuring plan may be their best or only viable option. Some of the benefits of restructuring include: Increase Your Cash Flow Improve Your Quality of Life Avoid Unnecessary Legal Fees Fixed and Affordable Payments You should note that if more than 30% of your account payables are over 90 days old, you're taking chances with the future of your company unless you have a logical plan to satisfy your creditors. Without an affordable and practical plan your company can sink deeper into debt, and it may only be a matter of time before creditors seize your assets and put you out of business. The SBA reports that approximately 40,000 businesses a month close their doors or file for bankruptcy. Unfortunately, these companies didn't have a solid and proven plan to get out of debt. |
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