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.

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