Meaning Business Podcast

#66 - What To Do When Your Business Is Worth Less Than Your Debt Ft. Hank de Jonge

Benchmark Business Sales & Valuations Season 1 Episode 66

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0:00 | 27:06

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.

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