i have a cousin that owns a small business and is in the hole pretty bad, with personal finances as well as business finances. He’s losing money every day and pretty much needs to stop the bleeding and the only way he knows to is to claim bankruptcy. But there’s so many different ones he doesn’t know what to do.
Is there anyone on here that has been through something like this that maybe has some advice? And if there are any professionals on here, could you message me and leave your phone number to get in touch to talk about how it exactly works? I’m willing to pay a consultation fee for him if I have to just so he can get an idea of what he’s looking at. Thanks ahead of time fellas.
Edit: sorry a little background info;
Owns a restaurant with his father and brother
Restaurant has been slowly declining for almost 2 years
Bills are 2 months past due and late every month
No money in business checking
He’s over $50,000 in personal debt bc he’s using his personal credit cards to keep the restaurant afloat bc his father is too prideful to shut down
Has only made $1,200 this year total working 80-90 hour weeks
All credit cards are maxed out and he’s flat broke
Is there anyone on here that has been through something like this that maybe has some advice? And if there are any professionals on here, could you message me and leave your phone number to get in touch to talk about how it exactly works? I’m willing to pay a consultation fee for him if I have to just so he can get an idea of what he’s looking at. Thanks ahead of time fellas.
Edit: sorry a little background info;
Owns a restaurant with his father and brother
Restaurant has been slowly declining for almost 2 years
Bills are 2 months past due and late every month
No money in business checking
He’s over $50,000 in personal debt bc he’s using his personal credit cards to keep the restaurant afloat bc his father is too prideful to shut down
Has only made $1,200 this year total working 80-90 hour weeks
All credit cards are maxed out and he’s flat broke
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