Author Archives: Harry

3% Offer in Compromise

Posted on May 13, 2012 by Harry

I recently had another big victory in settling some SBA debt. A machine shop in the south, struggling after one of their customers, responsible for more than 70% of the businesses’s revenue, began to decline in the amount of orders … Read More

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The Importance Of Dialogue

Posted on April 30, 2012 by Harry

Time and time again, after successfully completing new workouts, I look back and try to analyze exactly what I did wrong or right. Following the recent acceptance of an Offer in Compromise, I asked the banker that I’ve been working … Read More

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The Dust Strategy

Posted on March 31, 2012 by Harry

Every once in a while we run into particularly difficult creditors that simply will not use logical reasoning when settling a debt. For example, a business has been liquidated, leaving a significant deficiency balance with the personal guarantors, who more … Read More

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Successful business reorganization with the much-feared landlord/seller take-back combo

Posted on February 29, 2012 by Harry

We tend to see a lot of these situations come through our office these days when dealing with business debt workouts or corporate restructures (see more . When the former of the business has a second position seller note with … Read More

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1.7% Offer in Compromise settlement – a new office record

Posted on January 31, 2012 by Harry

I recently had the joy of experiencing a very quick acceptance from the SBA on an offer in compromise. Not only did it take less than 60 days from the time it was submitted to the bank to the time … Read More

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