Business Debt Relief

Commercial Debt Counseling (Business Debt Relief) is dedicated to helping businesses struggling from the pressures of debt succeed to achieve financial stability and success.  We help struggling businesses avoid bankruptcy and to create repayment programs with their creditors that fit within the budget of the business.

We do that by restructuring your business debts with corporate credit cards, vendors, creditors, suppliers, business lenders, collection agencies, or attorneys.  At the same time we are increasing the cash flow of your business, we work to maintain relationships with key suppliers and vendors. If your accounts are already delinquent and you are receiving creditor calls with harassing threats, calls, potential repossession, or litigation, we will get started immediately as the point of official contact so that you can focus on your business. Our focus is on reaching out-of-court resolutions that work for your company. Our program puts you and your business in control of what creditors you want us to work with, which creditors you need to continue services with, how much funds are available, and when they will be available.

 

 

How Your Business Benefits

Commercial Debt Counseling begins the process with an analysis of your company, debt situation, and cash flow and also a complete understanding of the history, present, and the future goals of the company. Based on this information Commercial Debt Counseling initiates the restructuring process where we serve as the point of contact, freeing you up to run your business.

You decide which creditors you wish to pay. You decide how much you can afford. And you pay back your creditors based on a budget that your business can afford.

Avoid Bankruptcy

Bankruptcy is the last option and typically the worst option a struggling business can make. In addition to being a very stressful action emotionally, there are a variety of other negative ramifications:

The bankruptcy process typically involves attorneys, trustees, the courthouse and other institutions. It may take up to or more than a year of your valuable time plus considerable expenses from the business. During this time, you effectively give up control of your company to the court and the court appointed trustee.

In addition, in many cases bankruptcy is not an option. Due to tighter bankruptcy laws, the act of filing bankruptcy may cause you to lose your business.

The most long term negative result of bankruptcy is the mark it leaves on your credit. As a business owner, you may need credit in the future. By having filed bankruptcy, you have shown future creditors that you will walk away from your debts. This signifies an increase in risk for lenders and may result in denial of future credits or much higher interest rates.

A much better alternative is Business Debt Restructuring where we work with your creditors based on your budget to save you as much money as possible as well as get your debts resolved as quickly as possible. The goal is to enable you to focus on and grow your business while we work with your creditors.