Friday, January 24, 2014

I am a small business owner since 2004. I enjoy my profession, electrical contracting. I've made some poor business/financial decisions resu...

Question

I am a small business owner since 2004. I enjoy my profession, electrical contracting. I've made some poor business/financial decisions resulting in personal bankruptcy and serious cash flow issues with my business. How can I turn my financial situation around. Is there any hope? Thank you



Answer

From a lawyer's perspective, there is always hope: dum spiro spero: whilst I breathe I hope. But you don't really pose a legal question. What you need is business advice which you can obtain from some lawyers, some accountants, and some volunteer agencies, like the SCORE Association (which used to be the Service Corps of Retired Executives). The closest chapter to you in 10035 is at 26 Federal Plaza, (212) 264-4507. They can offer you a mentor and that mentor may suggest that you need a lawyer. I would not start with a lawyer, because (as I learned in medical school) when you're a hammer, everything looks like a nail. A SCORE mentor is not a hammer :--)And if you do need a lawyer, feel free to contact me.

Kevin J. Connolly

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