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.
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