What if the business owes more than its worth?

What if the business owes more than its worth? Arilyn wants to know about buying a business when the outstanding value of gift cards is more than the business is worth? She left her comment while watching this old video about handling gift certificates in the sale of a business: https://youtu.be/hWm4ZQxWlEw Is there a difference between buying a business that owes more to banks or vendors? What makes gift certificate debt different? Could it actually be a riskier type of debt than other forms? Who controls the ‘amortization period’ of this debt to the public? Learn the answer to this question and more in this week’s video: https://youtu.be/qwMLbyoBvt4 Learn how to buy an already-successful and profitable business even in the covid-recession of 2020 https://www.BusinessBuyerAdvantage.com (with new modules on distressed businesses and buying during a recession.) Book a call with me at https://www.clarity.fm/davidbarnett Stop missing my new videos. Join my email list here: https://www.DavidCBarnettList.com business broker mergers and acquisitions insolvent normalization