24 Jan
While some people view filing for bankruptcy as the quickest way to get out of debt and start anew, the process is not nearly as smooth and hassle-free as you might think. Though some of your debts will be discharged, the incident will appear in your credit report for at least the next seven years, making it harder for you to get credit approval in the near future. Moreover, you will still have to make ongoing payments to some creditors and attend mandatory credit counselling and financial-management education. Some people may argue that your credit rating is already poor because you’ve been struggling with debt…
24 Jan
Making the decision to liquidate your business assets, whether to downsize or get out of debt, is not an easy decision. With that being said, it may be the quickest way to raise the much needed capital or avoid total loss from salvage merchandise – floor damages, customer returns, and samples. The key to a…
24 Jan
Business liquidation should be seen as a fast way for converting surplus inventory into working capital, or a solution to sell off business assets to pay off debt, avoid bankruptcy and start fresh. Typically liquidation companies would be considered heroes who aid businesses to achieve their goals. Sometimes this isn’t always the case. There is…
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