Blog

Why Are We So Successful With Offers In Compromise?

Our success rate is virtually 100%. Our forgiveness amounts are excellent. We average a 93% discount which is affordable and appropriate. In other words, almost every application we submit is accepted and closed on. The ones that cannot afford the worked out payoff fail, of course. With everyone else, we succeed.

Here are some of the reasons:

1. We have experience and lots of it. Not only have we been doing this for over thirty years, we do many every year. This teaches us what works and what doesn’t and how to best represent our clients in the most successful manner.

2. We understand the importance and influence of the FDIC, general banking, SBA and applicable IRS rules and regulations. We format our strategies to satisfy these collective controls thus our strategies work.

3. We carefully document and maintain supporting evidence for everything we state as being relevant and supportive of the outcome we want.

4. We have excellent presentation skills.

5. We have a deep understanding as to what the banks want and need in default situations, and what they will do to resolve the matter favorably.

This is our area of expertise, what we focus most of our energy on, in addition to traditional secured bank workouts, lines of credit, leases… every imaginable debt issue. We are very good at it. We have designed our business model to be able to execute these workouts efficiently and in a timely manner with the highest possible return and lowest risk and expenses to the bank. Resolving these issues is what we do.

Call Norm at 413-584-2581 and he will arrange a no-obligation teleconference for us to review your situation and discuss some alternative strategies.

This entry was posted in Debt Workout, Navigating the Downturn, Offer in Compromise, SBA Loans. Bookmark the permalink.

Leave a Reply

Your email address will not be published. Required fields are marked *

*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>