Small Business Solutions
Many small businesses have suffered incredible economic challenges for the past three years. We have great small business solutions to relieve small business owners of the burden of debt to help them maintain viability.
Small businesses, whether sole proprietorships, partnerships, or incorporated entities, can file proposals under Division One of the Bankruptcy & Insolvency Act. A Division One Proposal can be used to divest the business of unwanted leases, unpaid taxes, unpaid CEBA loans, commercial credit loans and credit cards as well as other debts that may be sapping cashflow.
Oftentimes small businesses end up closing down because of the burden of debt. But what if I told you we can help you find a solution that allows your debts to be reduced and paid at a much lower payment level?
Cashflow is integral to success, paying interest on debt is not only costly but creates infinite debt, minimum monthly payments may be sufficient to satisfy creditors, but they do not allow for debts to be paid down in a timely manner.
There is an old saying that “you cannot finance your way out of debt” – and that is very true. Consolidating debt usually means paying longer, and often entails paying high rates of interest. Mortgaging debt is rarely a good solution, in comparison to the effects of filing a proposal.
Learn more, arrange for your free consultation today!