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Show lp Starting Soon log Adolph's Catering Co. jjlljgJP for more information klPo please call 649-7171 Open Nightly except Monday '$yh 6:00 to 10:00 p.m. 0Cate( 0 C0UrSe THE ALVAREZ COMPANY INVESTMENT REAL ESTATE Prime Office Space Historic Main Street Upper Level 1600 Sq. Ft. MAILING: P.O. BOX 1860 PARK CITY, UTAH 84060 401 MAIN STREET PARK CITY, UTAH 801-649-3939 financial planning v U Written by HULET& ASSOCIATES Certified Public Accountants CREDITOR'S AGREEMENT Many small businesses have cash flow problems. II t he cash shortage is excessive and the condition continues for a long time, the creditors could create a squeeze that brings about t he failure of the company. If you are unable to pay your creditors on time, at least keep in touch with them. If you extend credit to your customers, you know what it's like to send monthly statements and get no response. Put yourself in your creditor's shoes. Most business people are willing to lend a helping hand to their customers if they think t hey're treated fairly. If you can see a future for your company and want your creditors to give you some breathing room, consider using a creditors' agreement. Most unsecured creditors realize that if your company fails, they will receive little or nothing on their account. If all the creditors agree to forestall any formal collection procedures for a year or two, your company might get back on its feet. The unsecured creditors have a choice of forcing collection now and receiving nothing, or agreeing to wait and perhaps getting partial or total payment. If all unsecured creditors are treated equally in terms of future partial payments, you should find them willing to participate in an agreement. Your secured creditors, such as the mortage bolder on your building, may be less patient since they have specif ic assets which they can sell to satisfy your obligation to tiiem. If you have an agreement from your unsecured creditors to postpone formal collection procedures, you may find your secured creditors willing to go along with your plan. Some dying companies do not warrant thetimeand effort it takes to secure this agreement. Meet with your business advisors to det Tmine your best course of action. HULET& ASSOCIATES Certified Public Accountants 550 MAIN STREET, PARK CITY, UT 6457390 k 445 EAST 4500 SOUTH, SLC.UT 261-3459 J DAVE STRONG PORSCHE AUDI OFFERS PORSCHE BUYERS THE ONE THING THEY'VE ALWAYS WANTED. AVAILABILITY We're out lo become the a most convincing way: 17 new Porsche 944s in stock Come see why now is the best Intermountain West's ' . competitive pricing designed to or in transit. A complete selec- time to buy a new Porsche premiere Porsche dealer. make Dave Strong Porsche ,ion of co,ors and options, in For sports automobile ' ' Audi the first and only stop for bo,h 5-speeds and hard-to-find HnilO Qtmn1 enthusiasts, Porsche has long Porsche buyers. . automatics. UClVC OUUlig offered everything heeded in a ' ' ' Increased allotments of all Full-time staff of factory-trained RSCHE great driving machine except one - Porsche automobiles. We'll service personnel. AUDI thing. Availability" i . ll i strive to offer a consistently The Intermountain West's 1045 South State Street Now, Dave Strong Porsche improved selection of all largest Porsche parts and ser- Salt Lake City Audi has solved that problem in models. vice operation. Telephone 531-9900 1 |