Ways to Reduce Business Debt -- Exit the Business

To round out Capital Corp Merchant Banking’s Communiqué series on Ways to Reduce Business Debt, the last method is to actually Exit the Business altogether.

Certainly this path to reducing one's debt can be the least desirable but under certain circumstances it is inevitable.

Luckily there are some options:

•    The most common would be to sell off all the business assets – including any goodwill or client list – that can be utilized to pay down or off the business liabilities

•    Secondly, there is the possibility of selling the business as it currently stands – a going concern – whereby another group would purchase the company most likely out right and remove the owner.

•    Lastly, a technique that can be quite effective but also extremely damaging to any business endeavor, going into receivership or commonly known as corporate bankruptcy.

Depending on the situation all of the three methods mentioned above are not the most desirable but generally, one or more of such will be required.

Thank you for taking the time to review this Communiqué series and continue to check back for updates.

For more information, please visit www.capitalcorpmerchantbanking.com.


Respectfully yours,

Capital Corp Merchant Banking, Inc.