BusinessDebt.net is an educational publication. The articles, comparisons, and tools on the site are intended to give business owners orientation around U.S. business debt — not advice for any specific situation, and not a substitute for working with a qualified professional. Read the points below carefully before relying on anything you find here.
Not legal advice
Articles describing the U.S. Bankruptcy Code, federal and state collection procedures, personal-guarantee enforcement, confessions of judgment, and similar topics are general explanations of the law as we understand it. They are not legal advice. The law differs by state and changes over time. Your specific situation may turn on facts a general article cannot anticipate.
If you have a legal question — for example, whether to file Chapter 7 or Chapter 11, whether a lender's lien is properly perfected, whether a personal guarantee is enforceable, or whether a confession of judgment was validly entered — consult a state-licensed attorney admitted in your jurisdiction. Reading the site or emailing us does not create an attorney-client relationship.
Not tax or accounting advice
References to forgiven-debt income (Form 1099-C), insolvency exclusions, payroll-tax liability (the Trust Fund Recovery Penalty), and IRS programs (installment agreements, Offer in Compromise, Currently Not Collectible status) are general descriptions of how those rules typically operate. They are not tax advice for your business. Tax outcomes depend on entity type, accounting method, basis, prior filings, and many other facts.
Before pursuing settlement, bankruptcy, or any IRS program, consult a CPA, enrolled agent, or tax attorney qualified to advise on your specific facts.
Not financial advice
The site does not recommend specific lenders, loan products, settlement firms, attorneys, or financial advisors. Comparisons of refinancing, consolidation, settlement, restructuring, and bankruptcy are general industry orientations, not personal recommendations. We are not a registered investment adviser and do not provide financial planning services.
Tools are illustrative, not transactional
The payoff calculator uses standard amortization formulas and a hardcoded illustrative consolidation rate (7%). It is not a quote, a credit decision, or a guarantee that any consolidation product is available to you at that rate. Real-world rates depend on credit, collateral, business performance, and lender appetite.
The self-assessment applies a small set of common decision rules to the inputs you supply. It is general orientation only. It does not consider your full financial picture, your jurisdiction, your contracts, or your goals. Treat its output as a starting point for a conversation with a qualified professional.
Results vary
Where the site mentions ranges — for example, settlement payoffs of 40–60% of balance, or SBA Offer in Compromise outcomes of 10–40% of balance — those are general ranges drawn from public, generally available descriptions of the relevant programs. They are not promises about any individual result. Your outcome depends on creditor policy, your finances, your timing, and many other variables.
Third-party content and ads
Links from the site to government, professional, or industry resources are provided for context. We do not control those resources and do not endorse their views or warrant their accuracy. Advertising on the site is served through Google AdSense and partner networks; advertisements are not endorsements. See the privacy policy and cookies policy for details.
No fiduciary or advisory relationship
Reading the site, using its tools, sending us email, or any combination of the above does not create a fiduciary, advisory, attorney-client, accountant-client, or representative relationship. We are not your attorney, advisor, broker, or representative.
Time-sensitive information
Tax rates, IRS interest rates, statutory damage caps, Subchapter V eligibility ceilings, exemption amounts, and many other figures change over time. Even when an article was accurate the day it was reviewed, the underlying rule may have changed since. Confirm any number that affects an actual decision before relying on it.
Use at your own risk
To the extent permitted by law, BusinessDebt.net is not liable for any decision made or action taken in reliance on the site, its articles, its tools, or any communication with us. See section 8 of the Terms of Service for the formal limitation of liability.
Contact
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Last reviewed on 2026-04-27.