How We Got Our Business To Track From The Verge Of Bankruptcy Declaration
While we were working together happily in our business, Joe constantly did spend huge amounts in poker, gambling and all other stuff that never gave him back, but only made him spend more in craving for more.
Our story of going bankrupt in short
I am talking of Joe my business partner and long time friend, and I am Shelly. We had been friends, and then became business partners. We were making huge profits from the business, enough to support the spoilt Joe. But things never remain the same always, and with growing competition and tough times, we started losing our customers, the business and the money.
However bad habits never leave you till you die and same was the case with Joe. He never withheld his gambling tendencies even in the tough times, and instead of focusing on the ways to make the business better and compete with the rivals, he constantly indulged in the wrong investments that eventually led us to bankruptcy. Never did he help me in finance after he started spoiling himself, and never did he arrange for some form of debt help.
How we got bankruptcy help
Finally when we needed bankruptcy help, and were looking for bankruptcy attorneys to help us out, a friend who was friend indeed actually helped. We found the real bankruptcy help from Martha- another friend of ours, who had been studying finances and giving professional money saving tips to people.
Martha told us never to declare bankruptcy, as this will cost us badly in future, when we will be trying to raise money from the market again to mend the lost business. She told us to look for other finance options like payday loans and debt management options, and told us to seek help of help groups who provides bankruptcy help to people in real problem, by telling them ways to avoid a bankruptcy declaration.
We then talked to a few people who were experts in handling finances, and over the internet we also talked to other people on forums who went through similar problems in past. Then we made a list of actions we could probably take to save us from a bankruptcy declaration, and the first step was abolishing Joe’s bad habits of making wrong investments and spendings. Then we found out lots of finance options offered by some debt management groups, and saw the light of growing funds once again. After tight budgeting and some good planning, we found our way out of the tight situation, and now once again we are back to business and competing with our rivals in full swing.