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Category Archives: Debt Workout
Get the bank to show you their appraisal
An often overlooked negotiating tool when going through and short sale of any type of business asset, commercial real estate, or residential real estate is asking for the bank to show you their own appraisal they had conducted. Often times … Read More
Posted in Business, Debt Workout, SBA Loans, Secured Bank Loans
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Pay Attention To The World Economy And How It Affects Us
We are not an island unto ourselves. We are very much part of a global economy and what happens elsewhere in the world influences what happens here. It is quite obvious that Europe is in a recession and heading deeper … Read More
Posted in Debt Workout
Tagged: foreign economy, preemptive workout, recession, small business owners
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Lloyd’s Of London Pulls Out Of European Banks – What This Means For You
Lloyd’s of London, a 323-year old insurance company, the oldest in the world, whose business it is to underwrite the likelihood of calamities, disasters and losses of all sorts all over the world, has withdrawn its capital out of many … Read More
Posted in Debt Workout, Navigating the Downturn
Tagged: european banks, european economy, world economy
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What We Can Learn From American Airlines’ Chapter 11
Because of the unions, American Airlines needed to file a Chapter 11 bankruptcy in order to reduce labor costs and shed secured debt and leases no longer financially viable. Finally AA, you get it, there is no way you could … Read More
Second Wind Consultants Has A Worldwide Impact Via Internet
I frequently check my Google website analytics to learn more about my market. It is extremely revealing. Recently, I checked into a part of the report I seldom look at as it never seemed to have any bearing on what … Read More
