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Author Archives: Peter Tur
Against All Odds
I will admit that sometimes I will begin working with a client that I believe has absolutely no chance of surviving. They have a terrible balance sheet, they have back taxes with the IRS and worse yet, they have no … Read More
Posted in Our Employee Blog, Uncategorized
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Defending a Money Judgement, a Simple Strategy
I represent debtors in all types of debt situations. Some of them have resources to pay the debt, either entirely or over time, but this is very rare. The majority of the time I represent those who lost their business … Read More
The Old Owner: Ally or Enemy?
Many businesses owners did not start the business they are currently operating, rather they purchased the company they own from someone else. There are many reasons for buying an established business, you step into a winning equation, you have a customer … Read More
Don’t Pay…then Negotiate
I was speaking to a potential client over a year ago who owned a lodge at a local ski area. She has been holding onto her lodge by a thread for quite some time now. She would earn all her revenue in … Read More
Posted in Our Employee Blog
Tagged: cash flow, foreclosure, hotel workout, mortgage, SBA 504, SBA CDC
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The Settlement Statement: An Important Negotiating Tool
When purchasing a business or business assets, there are a number of components that determine what a good offer entails. One of which that often gets overlooked is the settlement statement. A recent experience I had with a client can clearly demonstrate … Read More
Posted in Our Employee Blog, Uncategorized
Tagged: asset sale, business assets, offer to purchase, settlement statement
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