The Law Offices of Neil Crane has been providing care, solutions and guidance on debt since 1983.  Call our office or submit a chat form today.

How Can I Save My Small Business

How Can I Save My Small Business

The key to saving any small business is controlling overwhelming costs for capital and financing.  Business debt reduction is the best path to saving your small business.  If your business becomes mired in debt service, it quickly loses its competitive edge and will falter without appropriate debt solutions for the long term.

Small businesses throughout Connecticut are struggling weekly to pay bills and maintain profitability.  The widespread absence of affordable business loans coupled with easy access to high interest personal and credit card loans has created a decade of Connecticut businesses burdened with overwhelmingly high interest debt.  These high interest “business” loans often come in the form of rescue loans that allow for an “easy” injection of quick money at astronomical rates.


Small businesses have become significantly beholden to high interest consumer debt issuers like credit card companies. and personal signature loans, and a new era of business rescue loans.  Unlike prior years when small businesses derived most of their capital from local banks at reasonable commercial rates, the average small business today is capitalized by high interest institutional lenders like credit card companies and private high interest lending companies.  These types of lenders pay little attention to providing small businesses with affordable loans that properly fit the needs and resources of a small business.

As a consequence, it’s easy for small businesses to get access to the wrong types of credit and then falter under the weight of insurmountable monthly payments.  This overburdening debt can make even the best of small businesses go bad – and when it goes bad in your small business, it plays out badly at home.  The good news is that these types of debts are very negotiable.

The Good News for Small Businesses Facing Debt Problems: 

  • Small business debt is often unsecured.
  • Small business debt is very negotiable.
  • Tough economic times make small business creditors even more negotiable.
  • Most small businesses are built on the reputation and expertise/knowledge of owners and key employees. No creditors can take away who you know or what you know.
  • Solving small business problems gives owners a second chance and the knowledge to forever avoid similar mistakes in the future.


Small Business Reorganization Strategies

As experienced small business reorganization lawyers, we can advise you of the multitude of debt relief strategies available to small business owners.  We can explain the advantages of each option and guide you through the implementation of these debt relief solutions.  Each strategy offers unique benefits for small business owners, such as:

Learn more about how our attorneys can help you obtain the debt relief necessary to save your small business from insolvency.


Personal Debt Solutions that Save the Business

Given the connection between personal signatures and business debt, resolving personal debt problems can often solve business problems.  Modern day financing’s reliance on personal pre-approved debt to capitalize businesses has left experienced legal practitioners with a multitude of great options for solving small business problems linked to personal signature consumer and high-interest business rescue debt.  Never have more alternatives, options or opportunities been available to business owners with the assistance of experienced turnaround counsel.  The legal options for consumer debt reduction has provided experienced legal counsel with a wide variety of options to benefit small business and their owners.


Save Your Small Business:  Start by Calling

At the Law Offices of Neil Crane, LLC, representing small to mid-sized businesses through all types of small business turn-arounds has been a primary focus of our law practice since the firm’s inception in 1983.  Throughout this time, we have built a reputation for full service, personalized business solutions.

We understand that the financial problems of many small businesses have a personal component, and that finding successful debt relief solutions means being able to solve both personal and business challenges.  With extensive experience in small business debt relief, our Connecticut attorneys know that successful resolution depends on solving the entire picture.

Contact Our Small Business Bankruptcy Lawyers in Connecticut

No matter how your business is structured, whether you have organized as an Inc., d.b.a. LLP or an LLC, Chapter 11 bankruptcy may be a solution for you. Get started by calling us for a free consultation. Call us today at 203-230-2233, or complete our online contact form to discuss your questions and concerns with an experienced attorney.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.

Small Business Financial Solutions

Small Business Financial Solutions

One of the major underlying causes of small business financial difficulties is overwhelming payments on past borrowings and keeping current with debt obligations.  Fortunately, there are a number of significant options that can assist you in returning your business to profitability.

 Learning the root cause of your business’s struggling financial condition is the first step to determining the best options and alternatives to address and resolve small business financial problems.

Analyzing your business’s overall financial picture in detail will provide a clearer picture of the true nature of the problems.  Many small business owners benefit greatly from the outside advice of professionals experienced in providing solutions for small businesses with financial problems.  They may be great at the details of their trade, but they lack the overall knowledge or experience to make the changes necessary to diagnose or resolve their financial challenges.

You know your business, but may not know how to best fix it.  Business financial problems are unique and specific and best solved by professionals who specialize in business turn-arounds.  We know the choices, steps and factors most critical to small business recovery.  Attorney Neil Crane has a history of success with a reorganizing all types of businesses and experience with all forms of debt relief.

Analyzing Small Business Financial Solutions – Professional Guidance:

Determining the nature of your business’s specific financial problems allows you and a qualified turn-around professional to choose from the best solution alternatives available.

Discerning the cause of your business’s struggles is the first step to authoring a workable solution.  As small business financial attorneys, we know how to get to the root cause of your business’s specific problems.  While all businesses are different, business financial problems often have common symptoms and common solutions.  Striking a balance between proven solutions and the specifics of your unique business takes the breadth of knowledge that comes from providing over 35 years of legal solutions for business financial problems of all types and sizes.

  • Analysis of the specific causes underlying your business’s financial distress. Debt-related problems have a variety of proven solutions.
  • Listing Alternatives: Creating the proper alternatives for your business recovery provides options for success.
  • Choosing Solutions:  Once the problem is evaluated and the list of answers is available, our specialized business attorneys can assist you in choosing the correct plan and executing that plan to a successful conclusion.


Addressing Different Forms of Business Debt

Different types of debt serve varying degrees of attention and treatment.  Understanding different types of debt and prioritizing between varying kinds of obligations assures the maximum proper use of limited resources and the maximum opportunity for future success.  Not all types of debt are created or treated equally.  Classifying and making proper choices between different obligations is critical to all small business owners in trouble.  Most business owners have little or no experience in the steps and options available to conquer often overwhelming business financial problems.  While all business owners work hard, very few are schooled or knowledgeable in the legal options and avenues existing to solve pressing small business debt issues.  Seeking qualified advice is the first and hardest step in every business turnaround.  Every business is unique, and every business problem is important.

Helping You Keep Your Eye on the Ball

In Connecticut, we put our heart and soul into our business and your business deserves the best chance for success and the best legal counsel available.  Addressing your business problems alone, without the assistance of experienced experts, is the most common mistake made by business owners in trouble.

Collection pressures, phone calls and the continued stress of “being behind” diverts attention from truly pursuing the needs of a successful business.  No business can succeed if the owner’s attention, efforts and expertise is wasted on the daily barrage of continual financial problems.  The first step in our process for successful business turnarounds is to “free” the small business owner to concentrate on the specifics and growth of their business.  We need to get your expertise back to what you do best.

Small business owners with financial problems need to work smarter, not harder.  Our knowledge and experience assure that you’ll work smarter, not harder – better, not more.  Learn how to work smart and make correct decisions.  Seek professional help from the knowledgeable, experienced attorneys at the Law Offices of Neil Crane.  We’ve been there before.

Turning Small Business Financial Problems into Small Business Financial Solutions

To understand how to resolve your small business financial problems, call the experienced small business financial solutions attorneys at the Law Offices of Neil Crane at 203-230-2233. We offer a free consultation and careful analysis of your circumstances.

At the Law Offices of Neil Crane, we’ve reviewed and solved thousands of Connecticut small business problems and turned them into Small Business solutions that work.

Protecting Your Small Business Though Personal Bankruptcy

Protecting Your Small Business Though Personal Bankruptcy

If I File Personal Bankruptcy, Will My Business Be Protected?

 The answer is always yes, bankruptcy is a Federal legal remedy that eliminates personal debt and saves small businesses.

If you are filing for personal bankruptcy, it is our job to make sure your business is protected. Small businesses, LLCs and closely held corporations are our clients’ source of future income, and properly prepared bankruptcy filings can protect these businesses throughout the bankruptcy process. If you are filing to bankruptcy to eliminate debt, your business and your personal assets will be protected; under Chapter 11 business bankruptcy or filing under Chapter 13.. Properly utilized, bankruptcy law relieves debt and protects your personal assets and your business.

Thorough financial planning by experienced legal counsel is essential to protect yourself and your business in bankruptcy. At The Law Offices of Neil Crane, LLC, our lawyers help small-business owners throughout Connecticut take the right steps to preserve their businesses. Home foreclosure, credit card debt, tax debt and any other personal financial problems can be properly resolved without interrupting the finances of your business.

We Focus On Keeping Your Business Open and Profitable

Your business is your livelihood, and our lawyers can help you protect your business and help it flourish. We can help it to prosper despite a variety of difficult financial situations. Even if your best debt resolution option is filing for bankruptcy, your business assets and the well-being of your business will be protected. Your bottom-line revenue will improve as a result of a properly implemented business or personal bankruptcy.

A solid bankruptcy plan and dedicated legal representation can protect your business without risk of loss or business interruption. In the hands of our professional legal counsel, your business will not be touched by creditors or the court. Instead, it will be relieved to proceed forward and become more profitable. We know that the success and security of your business is integral to your future and that of your employees.

Our office has filed thousands of personal bankruptcies for small business owners and never once lost a business under Chapter 7 or Chapter 13.  In fact, personal bankruptcies relieve personal and business debt while protecting your business and providing  you with much-needed debt relief at home and at work.

Personal bankruptcy saves small businesses and their owners.

Filing for bankruptcy with our guidance and representation will not jeopardize your business. Personal debt can be eliminated so that high-interest consumer borrowings used for your business will no longer threaten your personal or business finances.

Contact a Small Business Debt Lawyer | Connecticut Business Bankruptcy Lawyer

Your business interests and your personal livelihood demand professional protection. Call us today at 203-230-2233, or complete our online contact form to schedule a free initial consultation. When you call us, you will always speak to an attorney. We do not use voicemail. We are committed to providing excellent service and legal protection. We take the time to discuss your full financial situation, understand your objectives and work diligently toward your financial fresh start. Our attorneys serve clients at offices across the state, including Hamden, New Haven, Bridgeport, Waterbury, Rocky Hill and Ridgefield.

The Connection Between Business Debt and Personal Debt

The Connection Between Business Debt and Personal Debt

Solving Personal Debt Solves Business Debt.

Many Connecticut small business owners find themselves faltering under the weight of credit lines, credit cards and even second mortgages that jeopardize their family finances and their homes in an effort to support their small businesses.  Connecticut small business owners continually use their homes, credit cards or super high-interest “business” lines to support their small business needs. Business debt almost always involves personal signatures that create personal liability for all types of business obligations. This creates a dangerous connection between business success and personal financial failure.  However, it also creates opportunities for experienced counsel to provide excellent legal options to resolve the burden of debt.


Personal Financial Solutions to Save Your Small Business

Given the connection between personal signatures and business debt, resolving personal debt problems can actually solve small business debt problems.  Because of the connection between personal debt and business lending, our experienced legal professionals know how to properly utilize a variety of legal avenues to solve business problems by relieving personal debt.  Never have more alternatives, options or opportunities been available to borrowers with experienced counsel.  At the Law Offices of Neil Crane, we understand the problems and solutions for Connecticut small business owners.

It takes an experienced small business bankruptcy lawyer to resolve the problems that have already occurred in order to find a solution that works to reduce or eliminate the debt burdens of your small business.  Mistakes can happen easily.  Solutions require experienced legal counsel with the knowledge and commitment to save your business and your family.


The Good News for Small Businesses Facing Debt Problems:

Nearly all business debt or debt used for business is actually personal debt.  It’s signed personally and although it’s used for business, it’s personal debt; and therefore, it’s subject to all the solutions we use to resolve personal debt. By negotiation or through the bankruptcy system, personal debt relief solves business debt problems.

At the Law Offices of Neil Crane, We’ve Solved Thousands of Business Debt Problems Through Personal Debt Relief.  We Use Personal Solutions to Solve Business Problems:

  • Small business obligations are usually personal obligations for unsecured debt, which is easily subject to elimination, reduction or negotiation.
  • In tough economic times, small business lenders don’t often seek to collect from business assets.
  • Your business knowledge is the key to success. Most small businesses are built on the reputation and expertise/knowledge of owners and key employees.  No creditors can take who you know or what you know.
  • Small business problems don’t often reoccur. Solving small business problems gives owners a second chance and the knowledge to avoid similar mistakes in the future.


Remember:  Nearly all business debt is personal, so in the hands of experienced legal counsel, personal financial solutions will solve your small business problems.

To learn more about avoiding common pitfalls and maintain financial success for your small business, contact the small business debt relief attorneys at The Law Offices of Neil Crane.

Get the professional service and advice that you and your small business deserve. Call the experienced small business debt solutions attorneys at the Law Offices of Neil Crane at 203-230-2233, or fill out our simple online Contact Form.

Symptoms of Business Financial Problems

Symptoms of Business Financial Problems

While all small businesses are unique, many of the problems encountered by Connecticut’s small business owners have a pattern and a common solution.  Every business is special and different, but there are common symptoms and common solutions to financial issues faced by business owners.  To experienced business lawyers, these problems are discernable and fixable.  If so-called “business lenders” are seeking out your company, you need to get educated before you make bad decisions and take on more unmanageable debt.  These companies are actually soliciting you because it’s good for them, and not good for you or your small business.

Business problems usually begin small.  In many cases, the first symptom of business financial problems is increased borrowings from consumer credit cards, business credit cards, credit lines, and other forms of business and personal high-interest borrowing.  Ultimately, these practices lead to unmanageable monthly payments, and no pay for you. Often you will experience a serious downturn in any ability to take home a personal paycheck, as business expenses exceed business income.

All small business owners know the feeling of being the last to be paid, and sometimes this means no pay at all.  The result of this cycle is personal debt, decreased house equity, pension liquidation and other permanent problems that are avoidable with the assistance of experienced attorneys who know the special problems faced by small businesses in Connecticut.

We understand the symptoms of small business problems and have Powered proven solutions for thousands of small business owners throughout Connecticut since 1983.  If you are beginning to face overwhelming debt problems or beginning to notice any of the following symptoms, our experienced Connecticut lawyers at The Law Offices of Neil Crane, LLC, can help you evaluate and plan for a solid financial future.

Contact us today to schedule a free initial consultation.  We take the time to discuss your full financial situation, understand your objectives and work diligently toward resolution.  Our attorneys serve clients at offices across the state, including Hamden, New Haven, Bridgeport, Rocky Hill, and Ridgefield / Danbury.


Symptoms of Business Financial Problems:

  • Borrowing from high-interest personal and business credit cards
  • Inability to reduce debt obligations
  • Inability to service debt obligations, resulting in late fees
  • Increasing time spent dealing with creditor issues
  • Phone calls from creditors
  • Using personal credit lines and your house or pension to put money into your business
  • Lack of a paycheck for you
  • Late payments and default on household bills


Increasing debt burdens are one of the leading reasons that small businesses fail.  Profitability disappears slowly, personal revenues begin to diminish and business owners take on more and more debt in an attempt to save the business through credit burdens they hope to pay off shortly.  This debt service reduces profits, and when profits do not return, the debt load quickly becomes overwhelming.

With experienced counsel, the most overwhelming business problems can be solved on the business and personal level without any loss of assets or business interruption.

Rather than waiting until it is too late or allowing high-interest debt to ruin your business, seek experienced counsel from knowledgeable bankruptcy attorneys.  We have a multitude of options to improve your business by reducing debt service outside of bankruptcy, in Chapter 11 small business bankruptcy, and even in filing personal bankruptcy through Chapter 7 or Chapter 13.


Contact The Law Offices of Neil Crane, LLC for a Solution to your Business Financial Problems

We offer a free initial consultation.  Don’t wait for symptoms to become an uncontrollable illness.  Call us today at 203-230-2233, or complete our online contact form.  When you call us, you will always speak to an attorney.  We do not use voicemail.  We are committed to providing excellent service, legal protection and the antidote for business financial problems.