Comments on: When bankruptcy looms http://smallbusiness.blogs.cnnmoney.cnn.com/2008/06/11/when-bankruptcy-looms/ Editors from FSB magazine answer your pressing small-business questions. Tue, 15 Dec 2009 12:52:55 +0000 http://wordpress.com/ hourly 1 By: James Jupiter Florida http://smallbusiness.blogs.cnnmoney.cnn.com/2008/06/11/when-bankruptcy-looms/#comment-708 James Jupiter Florida Thu, 19 Jun 2008 14:13:35 +0000 http://askfsb.wordpress.com/?p=338#comment-708 I live in Florida but am from Kansas. I am not suprised Ron's landscaping business is in debit. All the landscape companies taught all their Illegal Mexican employyes to do the work, now they have started their own business's and at a fraction of what Americans can do the work for. He will be out of business soon. I know a guy in Overland park kansas,near lawarnce and he works for a large company that builds brick buildings, they no longer work in the state of Kansas, due to the Mexicans under bidding all American firms and using 3 times the manpower. I know guys in Tile lawing business,tree business,roofing business. They have all gone under after over 10 years in business because they can not compete with all the Illegal Mexicans in Kansas now. That is what your article shouldbe about, because that is reality and what is happening there and I can put you in touch with these poeple. But you like most pundunts refuse to tell the truth. I live in Florida but am from Kansas.

I am not suprised Ron's landscaping business is in debit. All the landscape companies taught all their Illegal Mexican employyes to do the work, now they have started their own business's and at a fraction of what Americans can do the work for. He will be out of business soon.

I know a guy in Overland park kansas,near lawarnce and he works for a large company that builds brick buildings, they no longer work in the state of Kansas, due to the Mexicans under bidding all American firms and using 3 times the manpower. I know guys in Tile lawing business,tree business,roofing business. They have all gone under after over 10 years in business because they can not compete with all the Illegal Mexicans in Kansas now.

That is what your article shouldbe about, because that is reality and what is happening there and I can put you in touch with these poeple.

But you like most pundunts refuse to tell the truth.

]]> By: Dino, Orlando, FL http://smallbusiness.blogs.cnnmoney.cnn.com/2008/06/11/when-bankruptcy-looms/#comment-700 Dino, Orlando, FL Sun, 15 Jun 2008 01:40:44 +0000 http://askfsb.wordpress.com/?p=338#comment-700 Are these figures correct? $12,000 in debt plus an additional $10,000 after borrowing more? There is no justification for alarm on the part of these business owners. Bankruptcy is far from an option here. Almost every business (if not all) carries some debt. In this case the debt they have is minuscule particularly for a seasonal business like landscaping. During the winter you don't make money. When the spring comes is where the money is made. I say hold out for a little longer and don't succumb to our fear and anxiety you're experiencing over this debt. In other words "MAN UP!!!!" Are these figures correct? $12,000 in debt plus an additional $10,000 after borrowing more? There is no justification for alarm on the part of these business owners. Bankruptcy is far from an option here. Almost every business (if not all) carries some debt. In this case the debt they have is minuscule particularly for a seasonal business like landscaping. During the winter you don't make money. When the spring comes is where the money is made. I say hold out for a little longer and don't succumb to our fear and anxiety you're experiencing over this debt. In other words "MAN UP!!!!"

]]> By: Melbourne, FL http://smallbusiness.blogs.cnnmoney.cnn.com/2008/06/11/when-bankruptcy-looms/#comment-699 Melbourne, FL Fri, 13 Jun 2008 21:12:01 +0000 http://askfsb.wordpress.com/?p=338#comment-699 Why would anyone listen to a business consultant giving legal advice about whether someone should file a bankruptcy? If the questioner follows his advice and chooses not to "give up" and later has assets seized or his wages garnished, he may regret following that advice. Some of the most important distinctions about the different types of bankruptcy and other options are not even provided. Most of the information a person would need in order to respond to the questioner is not given. Finally, given the fact that just about all small business related lending involves an additional personal guarantee by the business owner, a bankruptcy might be an excellent choice if the borrower is facing overwhelming debt. In fact, America's liberal bankruptcy laws were created for the specific policy purpose of promoting entrepreneurial risk taking and allowing people to move on if things don't work out. Why would anyone listen to a business consultant giving legal advice about whether someone should file a bankruptcy? If the questioner follows his advice and chooses not to "give up" and later has assets seized or his wages garnished, he may regret following that advice. Some of the most important distinctions about the different types of bankruptcy and other options are not even provided. Most of the information a person would need in order to respond to the questioner is not given. Finally, given the fact that just about all small business related lending involves an additional personal guarantee by the business owner, a bankruptcy might be an excellent choice if the borrower is facing overwhelming debt. In fact, America's liberal bankruptcy laws were created for the specific policy purpose of promoting entrepreneurial risk taking and allowing people to move on if things don't work out.

]]> By: Kay, Berkeley, CA http://smallbusiness.blogs.cnnmoney.cnn.com/2008/06/11/when-bankruptcy-looms/#comment-697 Kay, Berkeley, CA Thu, 12 Jun 2008 19:06:37 +0000 http://askfsb.wordpress.com/?p=338#comment-697 another great website for learning more about bankruptcy is www.nolo.com - for 37 years Nolo has been able to explain the law in an easy to understand format - they have the latest up to date info on business and personal bankruptcy laws as well as other legal issues. another great website for learning more about bankruptcy is http://www.nolo.com – for 37 years Nolo has been able to explain the law in an easy to understand format – they have the latest up to date info on business and personal bankruptcy laws as well as other legal issues.

]]> By: Paul South Florida http://smallbusiness.blogs.cnnmoney.cnn.com/2008/06/11/when-bankruptcy-looms/#comment-695 Paul South Florida Wed, 11 Jun 2008 18:33:57 +0000 http://askfsb.wordpress.com/?p=338#comment-695 Before the thoughts of bankruptcy enter the picture,look around your business and see what assets or merchandise is unneeded or excess that will bring in cash. Selling off your excess inventory brings in money to help stave off the bankruptcy step. http://www.sellmyinventory.com Before the thoughts of bankruptcy enter the picture,look around your business and see what assets or merchandise is unneeded or excess that will bring in cash. Selling off your excess inventory brings in money to help stave off the bankruptcy step.

http://www.sellmyinventory.com

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