Common Causes of Small Business Failure

  1. A decrease in market demand for the product or service a business offers
  2. Increased competition
  3. Increase in essential costs of the product or service
  4. Downward pressure on prices so that buyers/customers are no longer willing to pay enough to cover the cost
  5. Disasters ranging from a natural disaster to employee embezzlement, and now COVID-19

Whether you want to close your business or try to restructure debt to continue, you need to know your options.

Ready to find out whether bankruptcy can help you?

Complete our free, online debt evaluation form or call/text our office at (903) 759-5922. You can also email Find out if bankruptcy is your best option and whether it will help you.