Most economists forecast that this may be the longest economic contraction since the 1980 recession. Financial forecasts are not favorable. With the decline in demand for many products and services, there is weakness across most business sectors with bankruptcies and restructurings increasing substantially. Changes in the bankruptcy laws have reduced the time during which companies can attempt to reorganize but the careful management of the elements of cash, credit, and time can put a company in a stronger position than thought possible.
Don’t let bankruptcy find you in 2016!
There ARE 10 ways to deal with debt after the holidays…
‘If you’re waking up with a holiday spending hangover today, you’re not alone. According to the Experian Holiday Shopping Survey, 60 percent of adults say holiday shopping puts a big strain on their finances.”
Consumers tend to find themselves trying to dig themselves out of debt and get back on track financially in the new year – Money Magazine