As a firm that has helped more than 13,000 businesses avoid bankruptcy and pay creditors, here are the guidelines we follow:

• If you can afford 33% of your debt per month, over three months, you can handle your creditors yourself.
• If you can afford 17% of your debt per month, over six months, you can handle it yourself, but it will be more difficult and more time consuming.
• If you can afford 8% per month, you can still do it yourself but you will need strong guidance and templates for offers, letters, and calculations. It could be like taking on a part-time job. Click here for the guide and templates for free.
• If you can’t afford 8% per month, consider seeking professional help.

Keep in mind that we are not a law firm – this guidance is based upon years of experience restructuring businesses. As always, consult a bankruptcy attorney to find out if bankruptcy is the right decision for your specific situation.

These percentages are more fully explained in our DIY guide, available on SCORE’s website. Guide

Have questions, just call us at 855-708-2672 or ask us to call you here.