Debt Restructuring

From recent history:

A Century City based advertising agency has been in business since the early “80 and has seen its share of tough times. But nothing like the last three years. When they contacted CDS for help in November of 2008, they were $7.6M in debt, with $870K in unsecured loans and lines of credit. All of the accounts were at least 120 days beyond terms, and owners were overwhelmed and on a verge of filing for bankruptcy and closing their doors for good. Commercial Debt Solutions settled the unsecured portion of the debt for $191,400 and spread monthly payments over ten years, with no interest. All creditors reported account status as “current”.

FTC – mandated DISCLOSURE

Whether brought on by a family emergency or a natural disaster, or anything in between, all of our debt restructuring clients have these things in-common: they realize that their business’ future is in jeopardy, they all have a fighting desire to salvage their companies and right the ship, and they all want to pay their creditors, but have meager means at this time. No matter what business you are in, and what brought on the hardship, if your company qualifies for debt restructuring, we can help.

Commercial Debt Restructuring has many benefits:

Increase your cash flow–Short-term debt can be converted into a manageable long term plan.
Improve your quality of life–Let us deal with creditors, collection agencies, and attorneys and give you the breathing room to do what’s important, creating revenue, not hiding.
Reduce your debt–In most cases we are able to negotiate a freezing and roll back of your interest rates, penalties, fees, and in many cases even the principal amount owed.
Preserve and improve your credit–we work hard to preserve and improve your company’s credit standing by removing erroneous information from your credit report, negotiating positive reporting from your current creditors, reviving existing credit accounts under new terms, and even reporting to the credit bureaus ourselves at the end of our relationship.
Avoid unnecessary legal fees–Debts can be settled without the need for attorneys.
Your payments are fixed & affordable–We work out a plan with your creditors that you and your financial situation dictate. You know ahead of time what your payments are.

Debt restructuring is not limited to credit cards, loans, and secured and unsecured lines of credit, but can also include equipment and commercial leases, liens and judgments as well.

Commercial Debt Restructuring is not for everyone. However, if you want to pay your creditors, but are unable to establish affordable settlement terms, our program is ideal for you. Keep in mind –this is not a consolidation loan, no collateral is required, and we don’t even have to check your personal credit, nor will we charge any upfront fees for our services. We will leverage our reputation and relationships we have built over more than a quarter century in business to achieve the results you are looking for. 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 don’t take our word. The Small Business Administration reports that approximately 40,000 businesses a month close their doors or file for bankruptcy. These companies didn’t 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.

During these tough economic times, you need to use every available resource to stay in business. We invite you to give us a quick call so that we can briefly discuss your situation, answer any questions that you might have, and schedule a time for an in-person meeting with one of our debt management experts. It costs you nothing! All of the services offered by COMMERCIAL DEBT SOLUTIONS are performance-based, meaning we are only paid once we perform to your satisfaction. We even provide all related legal services at no additional charge.