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Category Archives: Unsecured Debt
Runaway Unsecured Vendor Debt Be Gone!
Unsecured creditors–usually vendors–are on the bottom of the payment food chain. The secured loans or leases clearly come first as they are supported by collateral and the holders can liquidate the collateral for your failure to pay. We have strategies … Read More
Posted in Debt Workout, Unsecured Debt
Tagged: debt workout, unsecured debt, vendor debt
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Unsecured Vendor Debt Is The Problem For Many
Many small business owners manage to somehow scrape the cash together to support their secured debt: bank loans, leases, etc. This is the debt collateralized with all the business assets and personal guaranties. This is typically the highest priority, along … Read More
Credit Card Workouts Made Simple – The Do It Yourself Manual
The “Do-It-Yourself” manual is in the works, soon to come and looking good! Yes, after years of doing credit card workouts with terrific results, frequently resolving debt with 70%-80% reductions, we decided to write the credit card workout manual for … Read More
A Workout Result Is Not About What You Can Afford
…it is about what the ‘rules’ dictate. Yes, there is much horse-trading, bickering, bluffing, bargaining and gamesmanship involved in a workout, as is true with any negotiation. This, of course, is a reality that applies to every workout. But just … Read More
When Is Bankruptcy Better Than A Workout?
If the underlying business–the core business–cannot sustain itself profitably after debt is stripped away utilizing our strategies, and if you have no equity in real estate that you want to keep, you may be better off filing a bankruptcy and wiping … Read More
Posted in Debt Workout, Offer in Compromise, SBA Loans, Secured Bank Loans, Unsecured Debt, Vendor Debt
Tagged: bankruptcy
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