Word of caution: Since your firm is having complications, you'll only get a sack saleprice. You will be a hero to your family, your board, your financiers and your workers. These sort questions are easiest for the interviewee to answer and are going to give you new perspectives on the difficulties that you see daily. This type is for entities like businesses, LLCs and LLPs wanting to close their doors and liquidate assets to pay people you owe. You do not need to stretch some costs. When your enterprise is larger, legal counselor's fees will expense you and your business anywhere between $50,000 and $100,000 and I've seen up to $1million for a medium sized firm. You show your plan and timings for getting your business back on track. Under the law, chapter xiii bankruptcy filers should get loan counseling within 180 days (6 months) before filing. You should persist your efforts.

You must ignore those late bills that are secured by personal security such as your home and car advances. This doesn't mean you'll lose your enterprise. You can survive to have the good things in life, such as a big house, vacations and a college fund for your children. You are that tourniquet, and you should restrict all cash outflows immediately! You have shrunk your company to just the money-making core function, and, consequently, you must be developing positive cashflow. Whether you understand the name, I would guess that you right now have a hierarchical org chart.