DEALING WITH DEBT AFTER BUSINESS CLOSURE

Closing a business is difficult experience, often accompanied by significant financial obstacles. One of the most significant concerns for entrepreneurs facing closure is managing outstanding debt. Creating a strategic plan to address these financial obligations is crucial for minimizing the consequences on your personal finances. It's important

Debt can feel overwhelming, but with a strategic approach, you can regain control of your finances. Start by creating a thorough budget to track your income and expenses. Highlight areas where you can cut back spending and allocate those funds towards debt repayment. Consider utilizing the avalanche method, which focuses on paying off least expensi