Our debt restructuring program provides a viable option for businesses that have a serious debt problem. These are companies that have at least $15,000 of debt that is over 90 days old, owed to a minimum of four creditors. Rather than closing the doors, our program gives these businesses the opportunity to restructure their debt; Thus helping them pay their creditors and stay in business.
The process through which we restructure a business's debt is both effective and fair. We develop a plan that debtor's can afford and creditors will accept. To accomplish this, the debtor's ability to repay on a consistent monthly basis must be established. The presence of any liens, lawsuites or judgements is also important, and is the amount of secured and unsecured assets.
Once debtor submit their payables and the amounts are verified by the creditors, a realistic and workable plan can be offered. Creditors are given multiple options ranging from pennies-on-the-dollar paid quickly to payment-in-full over time. Our program is a win-win situation for everyone.
Why use debt restructuring:
All of our debt restructuring clients are companies that have suffered hardships. From family issues to natural disasters. Whatever the reason, our clients are in jeopardy of losing their businesses - Their livelihoods. They want to pay their creditors but have meager means. Whether they sell goods or services, we can help.
Debt restructuring has many benefits:
- Increase your cash flow - Short-term debt can be converted into a manageble long term plan.
- Improve your quality of life - We can deal with creditors, collection agencies and attorneys so business owners can get back to doing what's importany, creating revenue, not hiding.
- Continue vendor relations - Vital supply lines can remain open with certain creditors.
- Your payments are fixed and affordable - Cash outlay can be forecast and managed better.
Debt restructuring is not for everyone, but is a godsend for others. If a business owner wants to pay creditors but can't establish affordable settlement terms our program is ideal. If a business is having trouble paying 4 creditors or more and owed them at least $15,000 and can affoed to pay at least 3% of the amount owe them a month, the business probably qualifies for our program. If you're willing to commit to paying your creditors, our program is ideal for you. Keep in mind - this is not a loan, no real estate is necessary, and we don't even have to check your credit.
If more than 30% of your payables are over 90 days old, you are taking chances with the future of your company unless you have a realistic plan to satisfy your creditors. Without a practical and affortable plan your company can sink deeper into debt, and it may be a matter of time before creditors seize your assets and put you out of business. But don't take our word. The SBA reports that approximately 40,000 businesses a month close their doors or file for bankruptcy. These companies didn't have a solid and proven plan to get out of debt; all they had were hopes and dreams. the good news is that the moment you turn your problem debt over to us, your debt problem is under control.
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