Workouts and Restructuring

Unfortunately, things in small business don’t always go as planned. If you have debt that your business cannot support, and worse yet have signed personally for the debt, you need a plan.  Many arrangements can be made with banks, even personally guaranteed SBA loans, that can solve the stress of a struggling business. Bankruptcy is not the only option, many loans can be worked out and offers can be made that will free the franchisee of personal liability for a fraction of the original debt. This is a complicated process and you need an attorney with experience working with banks, landlords and franchisors. The worst thing you can do is nothing, the problem will not fix itself. Call for a free initial consultation.