If sales, federal unemployment (F.I.C.A.), personal or corporate income taxes are not paid on a timely basis and payables are increasing, debt counseling is appropriate.

In debt counseling, advice and assistance is given to assist in the determination of all current assets and liabilities as well as current income and expenses to obtain a general concept as to the options available. A projection of future income will be made and a schedule of your current cash needs will be prepared based upon obligations and payment terms. A budget will then be established. If obligations need to be restructured in order to keep your business viable, informal or formal options can be selected.