About this episode
What do you do when your business isn't worth enough to cover what you owe? Most owners assume they're stuck - but insolvency expert Hank de Jonge returns and joins Bruce and Peter to explain why that's rarely true.In this episode, Hank walks through a real case study where a business listed at $500K was only worth $250K, and how a structured plan allowed the owner to sell, settle debts the right way, and move forward without personal financial fallout. He breaks down the often misunderstood difference between selling a business and winding up a company, explains when and how creditor negotiations work, and introduces the Small Business Restructure - a government tool with a 75% success rate that many business owners have never heard of.If you're carrying debt, unsure of your options, or just want to understand what a "whitewash" really means in business - this one's for you.The Meaning Business Podcast is your go-to show for insights on buying, growing and selling businesses.Hosted by business advisors Bruce Coudrey and Peter Spinda, each episode explores real-world strategies, lessons and opportunities to help business owners and entrepreneurs succeed.If you’re thinking about buying, selling or growing a business, the team at Benchmark Business Sales & Advisory can help guide you through the process.🌐 Learn more:https://meaningbusinesspodcast.buzzsprout.com/https://benchmarkbusinessadvisory.com.au/meaning-business-podcast/https://www.youtube.com/playlist?list=PLPzLrKgyTXHv-fTbI8xTVSe2LRYYmVqis
