Business Debt Settlement
Business is hard, and sometimes it goes wrong; that’s where business debt settlement comes to the rescue. As a small business owner, it is all too easy to end up with more debt than you can handle. Debt service eats up all of your cash flow and pushes you into insolvency. Late payments strain your business relationships, making it even harder to get ahead. Soon you are stuck with maxed-out credit cards racking up interest, and cash-only terms with your suppliers. When your company’s debt load is getting unmanageable, a solid business debt settlement strategy can relieve the pressure.
Business debt settlement is a nuanced game of negotiation. The goal is to convince your creditors to change the terms of the deals they’ve already made – to take less money, or at least less interest, and to spread out repayment over a longer time. This process requires careful planning and strategic communication, creating the right impressions at the right times. Creditors must see that they face the risk of never being paid if they employ harsh collections efforts, but have a prospect of receiving some repayment if they work with you cooperatively. Your various creditors can be played against each other, competing for more favorable chances of recovering a portion of their debts.
Our business debt settlement strategy can help your business before it is in distress, or when accounts are already past due, charged-off, or in litigation. As experienced litigation attorneys and negotiators, we can step in at any time to help achieve a comprehensive solution for your business’ entire debt load. This may even include finding new investment or sources of financing to extinguish unfavorable lending arrangements and bring delinquent accounts current.
Our goal is to reduce financial stress, save money, and focus on how to make the business more profitable. Our focus is on restructuring the business financially without the need for bankruptcy. This strategy allows the business to continue to operate while negotiating with vendors and creditors to reduce past due balances and maintain lines of credit. The business debt settlement process is also significantly more efficient than bankruptcy and can take a few months instead of several years.
We have a proven track record of helping business owners become more profitable while restructuring their debt with our business consulting and business debt negotiation services. During a consultation, we will discuss your financial concerns and propose an initial business debt settlement strategy. During the course of representation, we will review the business's financial records and offer consulting services to help the business with long-term profitability and exit strategy planning. Get started today by booking a consultation online.
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