If You Must Perform Debt Workouts For Your Clients, Let Me Help You

I got a call from a lawyer who had it right. He said, “I am an expert in Chapter 11, commercial law and many other related subjects. I have these excellent clients who were doing extremely well but because of this current economic upheaval they are crashing and burning. I need to do a large workout on significant debt and want to give these clients the best I can. I do not want to take them through a bankruptcy and I think I want to do a workout with the banks but I am not clear on how to approach it, what the process should look like and how to implement it most successfully. I read your blog and clearly you have a leading voice in this subject matter. Will you help me?”

Of course, I said yes and spent an hour walking him through the process.

We all have our own expertise. We can all learn from each other. Here is what I have to offer:

Many of our clients are either already in financial trouble or soon will be. There is much that can be done if you know how to do it. The world of debt workouts and business turnarounds uses terms like “underwater”, “upside down”, “tanked”, “dead”, “shortfall” and many others. In a business workout world where debt rules is definitely not a place to “practice” the words, the concepts, the unwritten rules and try to discover what works and what doesn’t work.

The hidden trap is doing what you believe is correct and effective and what you think will benefit your client the most based on your years of successful business experience, until you find out that normal business experience simply won’t work in this debt workout arena. A whole new set of rules and regulations apply, a whole new set of skills are required to succeed.

Call me, I will help you resolve your clients workout issues. We can work as a team.