Article Abstract:
It usually takes nine months to two years for a bankrupt company to reestablish itself. Only 20% of all companies that file for bankruptcy, however, ever recover. A small business facing financial ruin can recover in four to nine months by using prepackaged bankruptcy. In a prepackaged bankruptcy, a company settles with creditors by providing a reorganization proposal and financial disclosure before filing for bankruptcy in court. Creditors are likely to settle out-of-court because it will take less time and will cost less than regular bankruptcy negotiations.
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Article Abstract:
Raising capital is doubly difficult when done during a recession. However, a private placement can give small business ownersthe capital they need without the trouble of stock offering, bank loans and venture capital. A private placement is a form of stock offering but is less regulated with no federal registration necessary. With 21 states adopting a standard disclosure form known as the Small Corporate Offering Registration Form, private placements offer small business owners a more viable source of funding.
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Article Abstract:
Awareness of what concerns a prospective lender bank increases the chance of a business loan's approval. Prospective loan applicants should consider their company's financial, marketing, management and company product standings and performances as barometers for loan approval. Such considerations are the main concerns of lender banks, says Pres Carol F. Ensinger of the Midwest Consulting Group of Cleveland, OH.
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