GE names LG, others as contenders for appliance unit (Reuters) (Small Business Debt Consolidation)

Reuters - SEOUL (Reuters) — General Electric named South Korea's LG Electronics (066570.KS) as a contender to buy its appliance business, which is valued at $4-$8 billion, along with others, including China's Haier Electronics Group Co Ltd (1169.HK), Mexico's Mabe and Turkey's Arcelik .

ICG says credit crisis to continue (Reuters)
Reuters - Intermediate Capital Group Plc, a lender to private equity buyouts, warned on Wednesday of more credit trouble ahead but reported higher profits and said it was well placed to ride out a recession in the UK.
Keep in mind the plan is not only a communication tool for personnel, but besides a sales document that you will use with the board, bankers, people you owe and financiers. As far as individual available resource protection goes, there is good news and there is bad news. As we shrink the company, our payables decrease by $180,000, and we must come up with money to cover this. On Day 1, you begin to drive alignment by letting the group converse the firm's complications and the solutions needed. If you have personally guaranteed some or all the liability, then a dump buyback is not going to work for you. An out-of-court-of-law liability negotiation doesn't prevent your lenders if they choose to get nasty. Acting ethically and legally while your company is in a restructuring lowers your chances of lawsuits and criminal penalties later if your firm eventually fails. Filing business bankruptcy will affect many people at your business, including you.

From the type of bankruptcy filing, the court-of-law are going to decide who they will pay and when. * For Owners and Partnerships: The costs, hassles and surrendering of your property could cause you to close your business. Commonly, your Certified public accountant and corporate legal counselor work with numerous companies in your community. If you are the weaker party, hold the meeting at the merchant's or lessor's office. For instance, if you consider cutting an important cost or firing a colleague, you might wonder whether you are creating the right determination. * Call your delinquent purchaser 2 or 3 times weekly. Probably the charge card company will want to write the settlement memorandum and use their guideline format.