Results 1 to 9 of 9
Threaded View
-
09-28-2015, 04:38 PM #1
Reputation points: 1080
- Join Date
- Nov 2014
- Posts
- 76
Personal Chapter 11 Bankruptcy but business financials look strong
I am working with a business owner here that owns 2 separate businesses...one is an auto body shop (in business 32 years) and another is farm equipment (owned five years)...
Both look good from a numbers perspective:
auto body business in August: $175k deposits and $50k avg bal...55 deposits
farm equip business in Aug: $125k in deposits and $55k avg bal and over 10 deposits.
Here's the "But"....Owner filed chapter 11 about 5 months ago...The chapter 11 is a personal bankruptcy (not filed on businesses)
Are there any funding companies that could fund this given the Chapter 11 BK?
Similar Threads
-
Who requires only 1 personal guaranty for a business
By LoanGuy in forum Business LoansReplies: 5Last Post: 01-30-2015, 01:09 PM -
chapter 12 bankruptcy
By mca123 in forum Deal BinReplies: 1Last Post: 12-18-2014, 03:17 PM -
Are looking for Strong small business Leads
By azizimohammed in forum PromotionsReplies: 3Last Post: 12-13-2014, 02:38 AM -
Online business does business via checks and via personal account
By bostriba in forum Deal BinReplies: 2Last Post: 07-21-2014, 08:24 AM -
Client has open Chapter 13 on Personal Credit
By 1StopFunding in forum Deal BinReplies: 3Last Post: 05-21-2014, 08:06 PM