How are small business owners affected?
Date: Mon, 10/24/2005 - 05:45
I own a small business with my sister. If I go through the process, will this affect us? I know bankrupcy is really bad for SB owners.
Individual debt consolidation does not have any negative effect
Individual debt consolidation does not have any negative effect on your business as well as your personal profile. These days, business debt consolidations are also available to the consumers for smooth business operations.
After consolidating the debt, creditors receive your payments without defaults and your credit file keeps improving at regular intervals.
Bankruptcy should be avoided as far as possible. Moreover, filing bankruptcy is not easy anymore as it was before 17th Oct this year.
http://www.debtconsolidationcare.com/avoid-bankruptcy.html
