How: restructuring the debt of the company to avoid bankruptcy

Filing Chapter 11 or 13 bankruptcy can your company a second chance and help to avoid liquidation. With both types of bankruptcy, it is necessary to your liabilities and operations, restructuring, so that revenue can grow. Your plan must be approved by the federal courts before you can implement. Here is how your debt.Difficulty restructure: moderately ChallengingInstructions1Research companies in your area of various debt restructuring. Run a background check on each service by contacting the better Business Bureau in your area and questions you if consultants by the American Board of certification are authorized. Interview with several companies and more recent information about the success of their cases. 2Issue actions to generate capital for your business. Expect your prices fall your financial problems but let the shareholders to know to avoid your plans to restructure your debt bankruptcy. This can help to generate interest in your new offering. 3Offer Securities Exchange part your creditor debt equity in your business. Ensure that your control from lenders or a majority of votes give the amount of capital. If you don't want that this acquisition of the management of your business. 4Present your proposal to your creditors. If you are or shall be accompanied by a personal lawyer debt restructuring, your creditors will vote on your debt restructuring plan. If you use a third party debt Agency, it handles submission and approval by direct contact with your lender and negotiate your equipment with them 5Change, health care and benefits that make provider will reduce your operating costs. Partial restructuring of costs (d) e how can, if ensure that youthe money each month have repay your loan. Expect that how to your debt. manage the number of reduce your facilities and staff at the same time, 6Monitor to ensure your payments to an agency debt for you, that your creditors amounts promised to welcome you. If Lface are not paid, immediate steps a new debt restructuring, bankruptcy, your creditors against you filed to prevent the find.