NO FEE EBOOK: Alternatives to Bankruptcy for Realty Franchisees
By Lee Davenport, Learn With Lee: Real Estate Coaching & Consulting
The economy, competition and changes in buyer demand are just some of the reasons that your realty firm may be faced with financial hardships and crippling debt. For many financially distressed real estate brokers, thoughts of filing bankruptcy begin to creep into mind. Bankruptcy, however, can be cost prohibitive for an already cash-strapped small business (with a small business being defined as an entity where only one or two people make its strategic decisions such as the case in most real estate brokerage firms (Hunter, 2011)). Interestingly in a turn of irony, the very system created to help protect businesses (and individual consumers) facing “in the red” net fiscal losses as they either attempt to reorganize to become profitable or liquidate their assets to stop financial “bleedi...
Comments
2