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I can't repay my business debt, what are my options?

Asked by dbme (4points) December 21st, 2007

My business has around $35,000 in debt. Due to circumstances I’m not able to actively pursue future clients which means I’m not making any money, thus I’m having a difficult time paying for the $350+ payments each month. What are my options? It’s an S-Corp and I am the guarantor on the debt.

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