Your house is more than four walls and a roof. It is the place where your family feels safe. It is the place where your children learn and grow. It is the place where you can relax after a difficult day. It acts as a symbol of your hard work.
For decades Americans in Fort Lauderdale, Florida, and elsewhere in the country have been using credit cards to build credit, to fill the gaps when a paycheck is insufficient or just to buy things now and pay for them later. ValueWalk.com reports that at the beginning of 2015, consumers worked at paying down their credit card debt, lowering the national amount by $35 billion during the first three months of the year. However, that reduction was short-lived as debts rose over the next six months.
Anyone who starts a business in today’s economy is taking a risk, and it may be that your sole proprietorship in Florida is not doing as well as you had hoped. In fact, if you are struggling to make the payments on your loans, building costs and overhead, you may be wondering if it is time to go a different direction in your career. Bankruptcy could be a viable option for you when you are ready to find relief from the overwhelming debt and expenses that can attend running a small business.