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Forum nameFinancial Feast
Topic subjectRE: Bankruptcy?
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184, RE: Bankruptcy?
Posted by lisasgourmet, Sat Feb-24-07 02:54 PM

YOu may have some difficulty with the banks on that one. BUT, there are other possibilities.

First,and foremost, you MUST have a complete business plan, along with a personal financial statement, minimum 2-3 years personal tax returns, and definitely, include a summary explaining prior/past credit problems.

In my experience, a bankruptcy does not have to be the ice-breaker for financing. It really depends on the bank, the circumstances for filing, etc.

Go in with a strong business plan, realistic explanations, ect. and it could still happen.

Start with your local Small Business Development Center. They are awesome for business mentoring.

Good Luck!


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