Important Questions To Consider Before Beginning Bankruptcy

 Sadly, over 40,000 businesses in the United States file for bankruptcy or close their doors for good each month. What’s even sadder is that not all of those businesses had to go to such lengths. If you are having a hard time keeping up with your bills and it seems that your cash flow is drying up to soon each month, there is good news. You are not alone and you don’t have to solve your problems alone. It’s possible that a corporate debt restructure plan could be all the help that your company needs.

At American Corporate Turnaround, we are committed to helping small to medium sized businesses like yours through corporate debt restructuring. Before you decide that you need to declare bankruptcy please consider if you’re facing these factors that can be resolved through a corporate debt settlement.

1.       Is dealing with creditors taking time away from improving your business?

2.       Are your net profits low as a result of spending too much money on old debt?

3.       Are you being harassed by creditors?

4.       Have your lenders stopped extending credit to you?

5.       Is your budget lacking in structure, or not reflective of what you can realistically maintain?

The first step to getting your business back on track and avoiding bankruptcy is to take a detailed and honest appraisal of your business’s current situation.  Sometimes it’s hard to look at the situation objectively, especially if you have a lot of personal identity tied to your business. That’s why it can be beneficial to consult a professional with a keener knowledge of common income to debt ratios within your industry.

American Corporate Turnaround will work by your side to determine which of your debts can be restructured and which should be left alone. With their professional knowledge or the credit industry they can more effectively negotiate the terms of a new arrangement with your creditors. They then create a monthly budget that you can afford to work within and a time table for when you can expect to have your debt paid up.

How do I know if corporate debt restructuring is the right solution for my company?

A Brighter Future Awaits With Debt Restructuring

We all know that a corporate debt settlement can save you if your company is facing bankruptcy but why wait until things get that desperate? In these harsh economic times everyone is looking for ways to get further ahead. We can all stand to increase our cash flow. Even if your company is doing relatively well there are still massive benefits to taking the time to talk to a debt restructuring consultant. 

Corporate debt restructuring companies, like American CorporateTurnaround, take an in-depth look at your companies’ vital statistics. With their expertise, they get to the heart of any problems or weaknesses within your company’s financial plan. Then, they can offer solutions for these problems that you might not be aware exist. They find where changes could be made to increase your profit margins by examining your accounts payable and determining which debts can and should be renegotiated. They also create for you a detailed budget that your company can easily operate within.

The right debt restructuring company can reduce your accounts payable by as much as 90%. Imagine freeing up that much extra cash to invest back into your company. They can also free you from future liabilities. Perhaps even more importantly debt restructuring companies negotiate with your creditors for you, which can take a huge burden off your shoulders and free up time for you to work on making your company more successful.

American Corporate Turnaround, like most reputable debt restructuring companies, offer a no cost consultation and they have a flexible repayment plan so as not to contribute to the very debt that you are coming to them to resolve. You don’t have to have an MBA to see the advantages of such a low risk/high reward relationship. Even if you are managing to keep your head above water, no small accomplishment these days, restructuring your debt can provide you the added advantage you need to make your business even more profitable in the future.

Corporate Debt Restructuring: What about the Lender?

Why would a lender agree to a corporate debt restructuring plan? There are several things that play a role in a lender’s decision to negotiate a lower payment from your company. Knowing that your lender has good reasons to accept a restructuring plan allows you to approach negotiations with confidence, a key element of getting what you want.

Something is better than nothing: If your lender senses that they will have to chase you down for payments, or that you are in danger of losing your business, they will likely be open to a restructuring plan. Why? Because getting some money is better than getting none. If your business is overextended or has been damaged by the economy, you may not be able to pay everyone and the lender may be looking at a pricey legal battle to get you to pay. By restructuring, the debt is not eliminated, but the payments are reduced or spread out, and the lender will get their money eventually.

A healthy business is worth more: When your business thrives, you buy more, expand more and use more credit. Getting back on firm financial footing is good for your business – and good for your lender as well. If you are growing and thriving you’ll be better able to pay back your debts, and eventually be ready to borrow more funds as well.

Dollars and sense: In some cases, when the payments are drawn out over a longer period of time, the lender may actually receive more cash from you, depending on how the debt is restructured.  Plus, a lender willing to work with  you may just make it to the top of your obligation list—if you only have $3,000 to service $5,000 worth of debt in a month, who gets paid first? You’ll likely pay the lender you have an agreement with.

Navigating through a successful corporate debt restructuring can actually eliminate much of the stress that you may be feeling as a business owner, and put you back in charge of your finances. In a good corporate debt restructuring plan, everyone wins.

What can participating in a corporate debt resturcturing program do for my business?

Is Your Business Drowning In Debt? This May Be Your Best Way Out

Having debt is an inevitable part of being in business but in order to keep your business thriving you have to be able to manage your accounts payable. At American Corporate Turnaround, Inc. our goal is to help get your small to medium-sized business back on track by restructuring your debt. Our corporate debt restructuring service is just the thing you need if you find yourself in a situation where you are constantly falling short of funds and unable to pay your current bills because you are still trying to catch up on your old debt.

Whatever your current situation is, whether you are dodging collection calls and trying to avoid bankruptcy or just simply needing to improve your balance sheet for your business and improve your cash flow, American Corporate Turnaround, Inc’s consultants can help you through every step of the debt restructuring process. We offer an in-depth analysis of your current debt in order to decide your best course of action. We work with you one on one to determine the best way to reconfigure your budget. In addition, we take over the often unpleasant process of talking to your creditors which we always do in a professional and courteous manner. This frees up more time in your schedule for you to run your business.

Here at American Corporate Turnaround, Inc we work with many types of debt everything from credit cards to contractors from leases to loans. The best part is that we operate using a success based fee that is due only after you are reaping the benefits of our service, so as not to contribute to the debt you are coming to us to repair. So go to our website www.americancorporateturnaround.com today to fill out a simple application and receive a no cost consultation.