The Magic of a Workout
Workouts are, in part, an art form.
The reality is clear and simple: You borrowed money, personally guaranteed it (possibly your spouse also guaranteed it) placing your home as additional collateral, then you breached the agreement as you cannot pay the debt service. Now what? Foreclosure, liquidation by auction and the remaining amount due falls onto your personal guaranty.
This is your situation. Bleak? Yes. Impossible? We say, “No problem.” We can protect the business assets, strip off the debt, and then, most miraculous of all, reduce your personal guaranty obligation by an average of 93%!
Magic? No, just skill, experience, tenacity, commitment and creativity.
Workouts are also part science; we have devised strategies that work. Being very good at what we do is where the art comes in. The results speak volumes; we seldom fail to deliver as promised.
The point is, you must hang on for the ride. Yes, it will be a white-knuckler, but, like every roller coaster ride, it’s a very exciting one with many peaks and valleys and it ends safely. Can we predict every move, every twist and turn, every response? A resounding, “NO!” What’s more important is that we know how to respond. We know how to succeed in this very lopsided battle on a very slippery slope.
In short, you must have faith, trust and confidence. What other options do you have? Our success, our batting average, speaks for itself.