Hey all… In the middle of last year, I decided to open my own business. Initially it ran well, but that did not last too long. Business began to ebb off towards the end of the year, and I really do not think that I could have had a worse time with it. I had just bought some new office equipment, mainly computer components but a number of other things as well. This meant going into debt by about 4000 or so. Unfortunately, I have been unable to pay off the supplier as I had hoped because the company currently has no cash flow. Meanwhile, the supplier wants me to pay them 1000 per month for four months until my debt is paid. I am about to cover about 1000 or so, but I was wondering if it would be wrong to seek out a more agreeable payment arrangement. Until business actually picks up, I would be hard-pressed to offer anything more than 200 to 300 a month. There is currently no other debt that I have to worry about. Is there anyone who can give me some advice on how I should proceed? I really do not want to be taken to court (which may lead to the company being declared insolvent) especially over a relatively small amount. I have been gathering information online and found a few good sites, but I wanted to see what advice you might be able to offer. Thank you in advance. Considering using https://www.youtube.com/watch?v=eX6BkhohlKs – any advice?