Times are tough and some business owners may be struggling to make ends meet. The possibility of becoming insolvent can be a difficult reality to face, but the sooner you accept this fate, the better off you might be.
Getting into contact with a professional on these matters as soon as possible will be beneficial in the long run. The crucial mistake that business owners most often make in these situations, is holding on for too long.
This kind of behaviour can have some serious implications. For instance, what you don’t realise, is that it is illegal to incur credit while you are insolvent.