My business failed after 17 years. I Will not bore you with the details. This was my family main source of income. I guaranteed all business loans for the business including two SBA loans. I have just received a Summons from AMEX for one of the accounts, expecting several others to follow, as I am …
“Dear Steve, I had a small store for about 25 years, and a much larger corporate owned store selling the same items opened up 2 blocks away. I hung in as long as I could, but eventually closed up, getting nothing for it, and starting my credit card debt at $12,000. I was almost 50 …
“Dear Steve, I really thank you for your help in advance. I don’t even know where to start. Like many who write, we are at the end of the road financially. Married and over $80,000 in credit card debt, we can’t keep up. I’m not even sure what’s the exact total as I stopped checking. …
Noname “Dear Steve, I live in the Philippines. I have an internet cafe shop business for 3 years now. It is still not in its full operational capacity. I have been getting loans and have accumulated 1million 500 thousand pesos equivalent roughly to $30,000. I want to get out of this situation. Selling the business …
Mehdi “Dear Steve, I’m about $90,000 in credit card debt and can’t afford to pay them. I’m willing to pay what I can but the economy has really hurt my business. What can I do to lower my monthly payments significantly? Mehdi” Dear Mehdi, Sadly the reality is that you just simply might not be …
In what struck me as a moment of irony, I read this morning about TVI Corporation, a Maryland based manufacturer of disaster shelters and other protective equipment, that has filed for Chapter 11 bankruptcy protection. It seems that while they manufacturer many types of disaster shelters, they didn’t have one to protect them from financial …