Pros and cons of liquidating assets
I also read The Fragile Middle Class: Americans in Debt (2001) by Teresa A.
Sullivan and Elizabeth Warren, which many economists consider one of the most influential books about debt written in the last decade.
Selling a business isn’t simple, but most entrepreneurs have more options than they realize.
Taking the wrong approach could have serious financial consequences for both the entrepreneur and the company.
Lee is a debt and credit strategy attorney who has helped many people file for bankruptcy.Naming a trust company or bank as trustee rather than an individual ensures that a competent trustee will always be available to act in the grantor’s best interest.A revocable trust typically provides that property be managed for the grantor’s benefit.Although it is often thought of as a sign of failure or an admittance of defeat, the truth is that bankruptcy gives many people fresh starts for new financial futures.This guide is designed to give people considering bankruptcy enough information to make the best financial decision for them.
So it pays to know the pros and cons of several ways to cash out and to think carefully about which is the right fit for your business and you.