Standing Firm on the face of Insolvency
You should never fail to pay back to debtors. It is important to make an effort to pay up. Even though you might be financially incapable at one time, you should communicate with the people you owe. If you do not have some hope to bring back some money in your company, then go for other options. Company insolvency comes way after you have tried all means. As long as you take the initiative to let the bank know about a cash shortfall, you are safe.
This is where you can get some assistance to lift your capital amount. You prepare a good plan that you know will work. If you fail to show something substantial, then there is no way a financial institution can lend you some more money. This means that you should have a meeting to talk about the aspects of your business that should be improved to bring some more money.