In an economy such as ours, where many Orange County residents and businesses are doing all they can to avoid bankruptcy, and in many cases need the help of bankruptcy attorneys, creative solutions to save cash are needed. For even if a bankruptcy attorney is to be hired, there still has to be some cash around to pay for those bankruptcy services. Enter: bartering.
The practice of bartering has increased these past few months, according to Mike Ames, founder of Trade American Card, a barter club based in Orange County. Barter, or reciprocal trade, allows people to trade goods or services for other people’s products or services. “If you need to save cash, bartering is best”, says Bob Meyer, founder and publisher of the Mission Viejo trade publication “Barter News”.
Trade American Card hosted its 38th Barter Expo this past Sunday in Anaheim. They were expecting more than 1,000 people and 150 exhibitors selling the products they usually barter. “The potential deals are almost limitless”, said Paul Herrera, owner of Herrera Advertising and Marketing in Garden Grove.
Nevertheless, Mayer notes that trade exchanges are not exempt of risks. “See where you can spend your trade dollars”. “[When doing barter,] the chance you take is that the small business will still be in business later”.
For many professionals and stores located in Irvine, Tustin, Costa Mesa, Santa Ana, Newport Beach and other Orange County cities, bartering could be a good option to get the most out of their bucks, possibly avoid bankruptcy, or at least save some cash to be able to pay for a bankruptcy attorney.
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