Debt Renegotiation - by Ravi Patel

 

Are you struggling with your debt payments due to the reduction of cash flow in your business? What are you doing about it?

 

Entrepreneurs might think about cutting costs or delaying expenditures to increase short-term cash flow. You should also consider debt renegotiation.

 

Most lenders would rather work with you to restructure the payments than create a situation of default. Discuss with your lenders the possibility of postponing payments for principal, interest or both for an appropriate period.

 

Be creative in your debt renegotiation to manage your short-term cash flow issues.

 

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