If you are struggling to pay the bills on time and you are worried you may have to declare bankruptcy, take a minute to look at what you can do to avoid that.
When you file your credit is nearly shot, and even though that may not be a major concern right now, it will cause you a lot of problems down the road.
If you are having a hard time keeping your business going you need to look at some things you can change, mainly in your expenses.
It is sad to say this but your labor force has to be the first thing that is cut.
This is because it is usually the most expensive thing you have to pay.
Next you can actually save on your rent or loan payments.
Banks are so desperate for people to stop losing their property that they are working out deals that will lower your interest rate and your monthly bill by hundreds of dollars.
If you are paying rent for your place you can talk to the owner and work out a cheaper deal.
The owner knows that times are tough right now and the chances that they will find another good tenant who can pay on time and soon are very low, so they would be very interested in having you stay.
A great help to getting you away from bankruptcy would be shopping around, not for anything new but to replace your expenses overall.
You have a supplier, someone who gives you the materials and things you need to conduct business.
Along with that you have expenses like telephone, internet, cell phones and other things.
If you are willing to take the time to shop for a better deal, and work something out with your current provider you can save hundreds and thousands.
Finally you need to fix your credit score with credit repair because it will help you to pay off your debts much faster.
Credit repair is great because it will do the job fast and at a cheap price.
By David George