Search
-
Recent Posts
Categories
Category Archives: Vendor Debt
Second Wind Consultants take their small business bailout plan, a debt forgiveness battle, to the streets…in MA and NH.
Our strategies allow us to strip off most of a small businesses secured, unsecured and personally guaranteed debt, while preserving assets. Read More
Do Not Ask The Bank If They Are Willing To Reduce Your Loan
You cannot ask the bank if they are willing to reduce your loan. In fact, you really cannot ask any creditor to reduce your debt. It’s a failing strategy, it will not work and yet it’s the most common approach. … Read More
Posted in Debt Workout, Offer in Compromise, SBA Loans, Vendor Debt
Tagged: bank loans, debt reduction, offer in compromise
2 Comments
Workouts Are Business Negotiations Not Legal Issues
I have said it before but not loud enough. I talk to so many people who believe the answer to foreclosure process is a legal defense. It is NOT SO. It doesn’t work, it’s a trap and if you go … Read More
Posted in Debt Workout, SBA Loans, Secured Bank Loans, Unsecured Debt, Vendor Debt
Tagged: bankruptcy, debt workout, lawyers, negotiating
2 Comments
Doing Business With The Same Vendors After A Workout
Believe it. After implementing a massive workout in which all unsecured creditors are wiped out, most of the secured creditors are also eliminated and possibly the first secured lender is partially paid, you can open a new business the next … Read More
