by Barry Kornfeld | Mar 11, 2021 | Barry Kornfeld, Debt Restructuring
There are multiple reasons why 90 percent of startups fail within the first five years, and a lack of capital is near the top. One of the essential roles of a CEO is to make wise financial decisions. Here are some tips to keep in mind. The financial management of an...
by Barry Kornfeld | Feb 9, 2021 | Barry Kornfeld, Debt Restructuring
In debt? For most, that’s the last place you want your business to be, but it can happen to anyone. When you find your small business in unmanageable debt, it’s essential to not panic too fast and start looking for a solution. Bad management of your debts can lead to...
by Barry Kornfeld | Jan 11, 2021 | Barry Kornfeld, Debt Restructuring
By definition, debt is a deferred payment or series of payments that are given to a creditor by a debtor, distinguishing it from immediate purchases. Debt also carries interest, which varies by lender and type of debt. Most Americans are familiar with the process...
by Barry Kornfeld | Dec 10, 2020 | Barry Kornfeld, Debt Restructuring
When you find the business you created from the ground up is at risk of closing its doors for good because of debt, it can be easy to feel utterly defeated. However, struggling with debt does not have to be the end of your business. Debt restructuring is a great way...
by Barry Kornfeld | Oct 27, 2020 | Barry Kornfeld, Debt Restructuring
When your business is struggling financially, it doesn’t mean the end and you don’t have to close up shop just yet. Luckily, there are options to getting your business back up and running more efficiently, and very likely no longer being crushed by the constant...
by Barry Kornfeld | Oct 6, 2020 | Barry Kornfeld, Debt Restructuring
The pandemic is keeping more businesses’ doors closed and putting a halt on cash flow everywhere. This is especially detrimental to the businesses that were already in debt to begin with. Now more than ever, businesses struggling with high-cost debt payments are in...
