Debt Restructuring/Bankruptcy
Struggling businesses burdened by debt often have alternatives to bankruptcy. One of those alternatives is to restructure debt. Restructuring includes options such as:
- • Changing or stretching out the terms of a debt repayment
- • Reducing or settling the amounts on delinquent accounts
- • Exchanging obligations for partial ownership in the company
- • Seeking private investors or private lenders
- • Renegotiating leases
Debt restructuring can keep a struggling enterprise alive, especially if the reason the company is in financial trouble is a temporary circumstance such as a slow-down in the economy, slow collection of receivables, or a one-time unexpected expense such as a natural disaster.
Beyond our debt restructuring work, our experiences of starting new businesses, merging existing businesses and asset acquisitions introduced us to the lending options available in the market and taught us what those lenders seek and how to organize the borrower to make a proper presentation to the lender.
In order to begin the debt restructuring we must examine your business on many levels to determine what restructuring options available for your particular company. Once that examination is complete we will discuss whether cuts can be made so that the newly restructured debt can be paid, which creditors to approach to negotiate new terms and what term debt are necessary for your company to prosper.