Hai friends,
My uncle John Ernest was an export and import entrepreneur. He was focused on prawns and crabs. After COVID-19, there was a big loss in his business, and he decided to sell his licence. He has borrowed loans from different banks, and he is not able to manage all that. He is worried about debt management.
Many of my business colleagues suggested corporate debt consolidation. Is that a good choice to help him? Because in their opinion, corporate debt consolidation is a good choice for debt management. He demands financial advice on the matter mentioned above.
I'm expecting an expert opinion from my friends.
Please, it's urgent.