There are many different solutions I can think of. The owners could sell part of the business, they can try some new things, they can get a loan... All good ideas.
The legal obligation of a business to pay a debt is called an:
it depends on whether they sold their portfolio of debt
The requirement for a small business loan would be debt asset ratio, credit worthiness and ability to pay.
A consolidation debt loan is the process of borrowing money to pay off other loans. One could find information about a consolidation debt loan for a small business on the website Technorati.
There are several places you can go to get out of small business debt. You can attempt to talk to your creditors, speak to a counselor for help, or seek out a way to consolidate your loans making them easier to pay off.
The legal obligation of a business to pay a debt is called an:
it depends on whether they sold their portfolio of debt
AnswerFind out who the collection agency is, if you don't know, and pay the debt off immediately. As soon as the debt is payed get it cleared from your credit report.If you debt is business to business, then plays different rules compared to consumer debt, laws and rules applied to debtor and protect also the business that place the account to a commercial collection agency, if you have a lawyer ask him to talk to the collectors if not, talk to them, explain your situation and offer work with them to pay off the debt
The requirement for a small business loan would be debt asset ratio, credit worthiness and ability to pay.
A consolidation debt loan is the process of borrowing money to pay off other loans. One could find information about a consolidation debt loan for a small business on the website Technorati.
A tax debt loan is a loan used commonly for business owners. Business owners have to pay more taxes than average workers, and sometimes they need a loan to pay off extra taxes. It's sometimes needed because a small amount of unpaid taxes can quickly accumulate into a large debt.
There are several places you can go to get out of small business debt. You can attempt to talk to your creditors, speak to a counselor for help, or seek out a way to consolidate your loans making them easier to pay off.
Wells Fargo is a company that can help a business or person pay their debts on time. Wells Fargo has the Debt Pay Down Solution plan which works with you or your business to help debts get paid, not a minute late.
If your spouse co-signed the debt, they will have to pay your debt. In most cases, the answer will be no, it is your debt and you are responsible.
Yes, even if your company is failing you still need to pay taxes. Unfortunately, everyone is required to pay taxes despite debt.
Loans are loans, you pay them back. Grants are like gifts, you do not have to pay them back, but you need to show financial need and usually need to use it for something like education or opening a business. The government doesn't just pay off your debt.
Yes, if you owe a debt and a debt collector is legally pursuing payment, you are generally required to pay the debt collector.