I apologize. This is a long post (almost 1300 words)- but I need to provide vital information so you can be protected. And, I didn’t want to split this over 2 posts.
This question comes up about once every six months. A client arrives at our door and wants help. They are overwhelmed with debt. Sometimes, it’s because they have this business that is not performing as they hoped/wanted/expected (often, because they need the structure and systems to make it so), other times because of an accident or a sudden illness. But, no matter what the cause, we need to work together to make the situation tenable.