Generating cash flow through new business has its own challenges. But an important part of cash flow for any business operation is collecting debts owed.
However, for companies that are in debt they, too, can convert short-term debt into a manageable long term plan.
The Small Business Administration reports that approximately 40,000 businesses a month close their doors or file for bankruptcy. These companies didn’t have a solid and proven plan to get out of debt; all they had were hopes and dreams.
If more than 30% of your payables are over 90 days old, you are taking chances with the future of your company unless you have a realistic plan to satisfy your creditors. Without a practical and affordable plan your company can sink deeper into debt, and it may only be a matter of time before creditors seize your assets and put you out of business.
Debt restructuring is not limited to credit cards, loans, and secured and unsecured lines of credit, but can also include equipment and commercial leases, liens and judgments as well.
Commercial debt restructuring is not for everyone. However, a structured program could work if you want to pay your creditors but are unable to establish affordable settlement terms.
Commercial Debt Solutions offers a free consultation for companies in Southern California either by phone or in person. For more information call 1-877-684-3631.
Friday, July 3, 2009
Cash Flow through Debt Collection
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Labels: Personal Finance, Saving Money debt
Friday, June 26, 2009
Cash Flow Opportunity in India
Generating cash flow for companies includes expanding into areas of opportunity while negotiating the inherent risks.
Those f
igures were quoted by Julie Anne Hennessy, director, U.S. Commercial Service in
The 2nd annual conference was sponsored by
SCE, Quanta Consulting and the
Pictured are: Jim McClellan, Director of Trade Services Port of Los Angeles; Daphe Ng Southern California Edison; R Sampath, Quanta Consulting; Gene Rodrigues, Southern California Edison.
The gathering gave a macro-view of reasons to enter the
Conference moderator R Sampath, Quanta Consulting, Inc., said companies should definitely look at the opportunity that's offered by the vast
"But there are also risks," he said. "Part
of the cost of doing business in
The focus of the morning keynote addresses and afternoon break-out sessions was to help companies begin the process of discovering how to get started in doing business in
The costs and risks can be worthwhile. While
Commerce Minister Banashri Bose Harrison, Minister of Commerce, from the Indian Embassy in
“Crafting Your
http://www.buyusa.gov/india/en/
The third annual conference is scheduled for June 2010 in Cerritos, CA.
Additional, upcoming posts from the June 26, 2009 conference on doing business in
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