by Ferne Kornfeld | Mar 16, 2021 | Debt Restructuring, Ferne Kornfeld
Regardless of the size of your business, the managing of finances is ultimately the make or break element. Not only do you need to manage your day-to-day activities, but there should also be money set aside for any emergencies or potential business expansion projects....
by Ferne Kornfeld | Feb 9, 2021 | Debt Restructuring, Ferne Kornfeld
While many people will say the small businesses are keeping the “American Dream” alive, they are more than often the most susceptible to falling into debt and closing their doors for good. With so much competition from big-name stores and brands, it has become...
by Ferne Kornfeld | Jan 11, 2021 | Debt Restructuring, Ferne Kornfeld
Taking on debt is a normal part of doing business. The trouble arises when unexpected events occur outside of a typical business lifecycle, such as a pandemic or a recession. The Federal Reserve survey estimates that approximately 70% of small businesses already had...
by Ferne Kornfeld | Dec 8, 2020 | Debt Restructuring, Ferne Kornfeld
Debt is one of the scariest outcomes of opening up a small business. Small business owners take a substantial financial risk when opening their business, but they know achieving their dream is worth it. To avoid financial struggles and your business going into too...
by Ferne Kornfeld | Oct 26, 2020 | Debt Restructuring, Ferne Kornfeld
A once thriving business can easily take a turn for the worse when their finances aren’t in order. Even when a business is drowning in debt, there can still be a light at the end of the tunnel and there are steps they can take to stay afloat. Oftentimes, the word...
by Ferne Kornfeld | Oct 5, 2020 | Debt Restructuring, Ferne Kornfeld
The pandemic has had an unprecedented effect on everyone personally and especially financially. Businesses everywhere are struggling to keep their doors open. Many businesses that are struggling with debt aren’t able to make their payments and the threat of bankruptcy...
