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Workouts are a moving target. Be flexible and realistic, affordable losses is the goal..
Workouts are part science, part art form, and very unpredictable. Please remember a person entering a workout situation owes the money. There is no defense to this issue. There is no allegation that it is not due, it is, thus … Read More
Posted in Debt Workout, Offer in Compromise
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Debt workout vs. Bankruptcy, a frequently considered comparison
Bankruptcy is not the best answer for resolving debt. It is costly, time consuming and dangerous as the results are out of your control and can be devastating. Here is a brief analysis. First of all, with the new bankruptcy … Read More
Workouts Require Speedy Decisions And Implementation
Workouts require speedy decisions and rapid implementation or you can suffer huge losses while you contemplate and think about it. It’s understandable that business owners want to take their time considering their options. After all, workouts require major changes, most … Read More
Posted in Debt Workout, Offer in Compromise
Tagged: IRS, liquidation, offer in compromise
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The offer in compromise with the IRS…does this strategy work?
Yes, sometimes. Like so many matters, pursued by an experienced professional who handles many of these, and can therefore anticipate what is needed, what works and what doesn’t work, an Offer In Compromise can be an extremely important and valuable part … Read More
What can be done to workout a defaulted SBA guaranteed loan?
One must be knowledgeable and experienced to launch a meaningful defense and a powerful offense when working out a defaulted SBA guaranteed loan. Friends, If you are reading this post, you undoubtedly have an SBA guaranteed loan and are having … Read More
Posted in Debt Workout, Offer in Compromise, SBA Loans
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