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Category Archives: Debt Workout
Yes. There Are Quick, Effective Solutions To 50/50 Deadlocked Partners
We see it every day; two partners with 50% each disagree and are bound in a deadlock, unable to do anything, so it seems. Not so. There are viable tie breaker actions that can lead the business out of deadlock … Read More
Posted in Business, Debt Workout, Management
Tagged: 50/50 Partnership, business assets, business decisions
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Warning: When The Dept. of Justice Gets Your Case, The Price Of Settlement Goes Up.
Here are the cold facts: When the defaulted SBA guaranteed loan goes to the SBA as unresolvable, in 60 days it goes to the Dept. of Justice. The Dept. of Justice has a minimum standard it will not vary from; … Read More
Women In Workout To The Rescue
Recently reviewing our client list I noticed we were representing many more women than I anticipated. I looked into this and I found that women in workout entered our program three ways: 1. Certainly many businesses are being opened and … Read More
The Economy Is Not Recovering. Stop Believing And Act.
I am hearing far too much talk about the return of the economy. Business is better, I hear, and the attitude seems to be a sigh of relief. Back to normal. It’s over, we are climbing back out. FORGET IT, … Read More
Posted in Business, Debt Workout, Management, Navigating the Downturn
Tagged: economy, four pillars
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Jumping the Elephant!
The United States Treasury Department did something recently for one of our DRS clients that, if not unprecedented, is noteworthy for being very rare indeed; they returned a file already in ‘collections’ to the small business administration for adjudication. The … Read More
