Business Debt Settlement is not for everyone, but is a godsend for others. If you want to pay your creditors but can not establish affordable settlement terms our program is ideal for you.

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 affordable plan your company can sink deeper into debt, and it may only be a matter of time before creditors seize your assets and put you out of business.

But do not take our word. The SBA reports that approximately 40,000 businesses a month close their doors or file for bankruptcy. These companies did not 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 debts over to us, your debt problem is under control. So what is stopping you from turning your situation around today?

If you are having trouble paying four creditors or more,  owe them at least $15,000 and you can afford to pay at least 2% of the amount you owe them a month, you probably qualify for our program. If you are 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 do not even need to check your credit.

You can do it yourself.  As a matter of fact, most of our clients did negotiate on their own prior to engaging us. They came to us after they broke the payment plans they set up. Let me give you the advantages of using our services.

We handle most types of business debts such as suppliers, services, contractors, advertising, credit cards, you name it. We also handle leases and loans, but not in all cases. The only real way to know if we can help you with a particular debt is to ask. Not only will we tell you if we can help, we can also give you insight into the potential actions and remedies available to the creditor. We do not handle debts that were solely incurred for personal use; however, if you have a personal credit card that was mostly used for business, we can accept it.

One of the many benefits of our program is that you can submit just the creditors you want to. Let’s say you have a credit card that you’ve used primarily for your business. The first question is: “How important is the creditor?” A credit card may be important; however, it is not vital because you can still operate your business without the use of the credit card. A credit card can be considered of least importance to your business. The second question is: “What are their current terms?” Most of the time, clients submit credit cards that they can no longer use. Therefore, they fit into the category, “no terms”. Based on these two answers, you should include the creditor in the restructuring.

For our next example, let’s assume you are a manufacturer and you are past due on your electric bill. The answer to the question, “How important is the creditor?” is that there is only one electric company you can buy from. They would be considered vital because no one else can provide you with the electricity you need. Although threatening to cut you off, they still supply you, because you are making payments toward your past due balance while keeping current on your bills. Therefore, you should exclude this creditor from the restructuring.

Leverage is any negotiating advantage a creditor has. For example, some creditors (like credit cards) require personal guarantees before they will extend credit to you. A creditor with a personal guarantee typically has more leverage than a creditor without it. Other leverage factors include the presence of any liens, lawsuits or judgments. The biggest form of leverage a creditor can have is if their product or service is vital to your business.

Logically then, we customize our settlement offers to fit the leverage. But before we make any offers, not only do we consider the leverage of the creditor we are negotiating with, we also consider how that creditor’s leverage compares to that of the other creditors in the restructuring.

We also evaluate the overall leverage of your creditors to give you insight as to what you’ll need in order to overcome your unique situation.

Since most businesses can only afford to make fractional payments, you cannot afford large lump sum settlements. Therefore, we need to extend your settlements out over time. We generally charge a small upfront fee to start dealing with all of your creditors. Then we charge a percentage of what we SAVE you on every account. Therefore, the more money we can SAVE your company, the more money WE make. Therefore, we try to save you as much money as we possibly can!

Every restructuring has a unique combination of debts, creditors, and our clients’ ability to fund. So we cannot make promises about how fast you can become debt free. However, with our program quote, we can tell you the maximum amount of time it will take to complete our program. If you would like to shorten the length of the program, you can do so by increasing the amount of your installments

We do not start paying creditors until after they settle with us, and some may not settle for a while, and most settle for less than what you owe. As a result, your credit rating may decline. But if you are willing to compromise your credit rating in order to save your business and build a profitable future, your goal can be accomplished by entering into an affordable restructuring plan with us.

If a creditor is irreplaceable, meaning no one else can supply you with what they have, and without their product or service you could not stay in business, you need to do whatever you have to do to keep them selling to you. Hopefully, you do not have any creditors that meet these criteria, because if you do, the future of your business is in their hands, not yours. Fortunately, we have a solution. You can free up more cash flow for a vital supplier by submitting as many other creditors as you can for our program.

As far as creditors that might create a hardship if they won’t do business with you, I say “Tough times call for tough decisions.” When you are in a serious financial predicament, you may need  to find new suppliers and resources. The truth is that many creditors will do business with you on a COD basis while we negotiate with them. And if they refuse to do business with you, their competitors may jump at the opportunity. And if you can't find a replacement vendor, then we have a buyer who can help you find other sources.

Remember, the primary goal of a restructuring/settlement program like ours is to satisfy the debts owed to your creditors. Preserving a relationship is nice but secondary to your ultimate goal.  Call us today for a free consultation.