Debt counseling is a challenging task
Debt counseling is a challenging legal and social task. The entrepreneur's debts must be inventoried, the accounts must be organized and it must be determined how much of the debt can still be paid. Subsequently, negotiations take place with the creditors about how much the entrepreneur can pay.
Entrepreneurs in financial difficulties need a lot of support and attention. Debt is an enormous psychological burden. The entrepreneurs suffer from strong feelings of shame, being alone, fear and loss of control. In this situation, personal relationships with partners, family members and friends are often severely affected.