Definition of Debt Restructuring: Debt Restructuring, also known as business debt settlement, is the process of negotiating new affordable terms with your creditors based upon a budget you can realistically afford.
There are a lot of new terms being used on the Internet.
Don’t confuse debt restructuring with:
- MCA Debt Consolidation
- MCA Debt Settlement
- MCA Refinancing
They are not the same.
A Debt Restructuring [DR] company does not offer money, another loan or an advance. A Debt Restructuring firm manages and pays off commercial debt at a fraction of the money that is currently being spent. A Debt Restructuring firm manages creditor lawsuits on a daily basis. A reputable DR firm’s fee schedule is performance based and does not charge a fee [upfront fee/retainer] to become a client based on the debt enrolled.
Inexperienced debt relief firms shy away from secured debts and lawsuits; we don’t.
If a firm is highly touting savings – or charging crazy fees before they take you on, look around for someone else to work with.
Talk to us: 855-708-2672
Corporate Turnaround, founded in 1998, has an A+ rating with the Better Business Bureau and Gold Review with Dun & Bradstreet Credibility Corp. Corporate Turnaround has developed a unique program for small businesses overwhelmed with debt. It is designed to be affordable, even for business owners operating with an extremely tight cash flow. They’ll work with you to establish a budget you can realistically afford on a monthly basis. Then they’ll negotiate directly with your creditors to reach settlement terms that fit within your budget. Corporate Turnaround has built strong relationships with industry resources such as SCORE and the Association of Small Business Development Centers. Furthermore, their CEO serves on the State Advisory Board for the New Jersey Small Business Development Center Network. Corporate Turnaround and the success stories of their clients have been featured in major newspapers and on network TV across the country. After working with thousands of small businesses and negotiating tens-of-thousands of debts for their clients, Corporate Turnaround is considered by many to be the foremost authority for turning around small businesses.