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Thread: Business in Trouble Oklahoma

  1. #1
    Junior Member
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    Default Business in Trouble Oklahoma

    I am a single mother who owns a small business that has taken some major financial hits and I strongly feel that filing backruptcy is my only way out. I don't know what to do but I need to do it fast before we lose everything. I need advice.

  2. #2
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    Default

    You would need to provide way more details for anyone to give good advice.

    I very strongly suggest you don't do that here.

    You should seek the advice of a CPA.

    Briefly, you may be making a profit but having a cash flow problem. That can be fixed without bankruptcy, but it may not be easy.

    OTOH, if your business is not profitable, you may as well cut your losses. I can't say for sure if bankruptcy is best (I would not even consider it unless that was the only alternative).
    Senior Professional in Human Resources and Certified Staffing Professional with over 30 years experience. Any advice provided is based upon experience and education, but does not constitute legal advice.

  3. #3
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    Unhappy Business in Trouble

    I appreciate your response. I have a CPA who has done nothing but put me further behind and small towns are too networked when you're not a local and finding other professionals to work for you costs. Thanks though.

  4. #4
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    Quote Originally Posted by acmc View Post
    I appreciate your response. I have a CPA who has done nothing but put me further behind and small towns are too networked when you're not a local and finding other professionals to work for you costs. Thanks though.
    Then go hire a bankruptcy attorney.

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