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Navigating Failure: Buying a $5m+ Business that Collapses

Acquiring Minds

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How to Wind Down a Business With a Personal Guarantee

John, let's turn to the mechanics of winding down a business that you have a personal guarantee on. What does that, what does that look like? I mean, what are the kind of progression of events there? Like you get a good lawyer. No, I mean, yeah, you do you just declare personal bankruptcy? Yeah, like we had to,. We definitely consulted people and, you know, so I really leaned upon kind of,You know, a professional network of people to get the right advisors.

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