Entrepreneur's Journal: Smart ways to renegotiate with your creditors

Filed under: Competitive strategy, Small business

Unfortunately, when a company cannot pay its debt, the consequences can be severe. In fact, when it comes to bank debt, liquidation may be the only alternative.

However, with the recession, creditors realize that it may make more sense to work things out, especially since there are signs that the economy is making a comeback.

So, if you're behind on your debt payments, there certainly steps you can take to work things out. Have a look:

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Entrepreneur's Journal: Smart ways to renegotiate with your creditors originally appeared on BloggingStocks on Sun, 01 Nov 2009 17:40:00 EST. Please see our terms for use of feeds.

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