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one of the biggest misconceptions people
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have about chapter
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11 is because it involves what I call
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the b word
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bankruptcy they feel that it’s the end
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of the line that everything’s done that
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they’re giving up that they’re finished
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and really what it is is it’s a new
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start it’s a new way of getting your
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business back on track and that is the
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biggest hurdle that I find with new
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clients is to show them and have them
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understand that what we’re doing is
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we’re just protecting your company
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temporarily while we reorganize its
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debts while we lower the debt load and
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make things more efficient so it is
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important to understand that it’s not
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bankruptcy in the sense of everything
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goes to zero but rather it’s a
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organizing of your company