How can you recognize early that your debt position is becoming a burden:

  • Cash flow is not enough to handle all the expenses
  • Debts are continually put off
  • No contingency to deal with unexpected costs
  • Inability to invest
  • Losing the confidence of investors and shareholders
  • Running out of cash
  • Reducing value of real estate
  • Some new or negotiated payment terms with creditors have now become a burden
  • Running past due on more than a third of payables
  • Shuffling to pay smaller creditors vs larger
  • Reduced service/product quality
  • Have been contacted by collectors
  • Employee conflict

Develop a practical and realistic plan to satisfy creditors and to survive.