FINANCIAL CONSULTANT ADVISES BUSINESSES
ON DEBT MANAGEMENT & RESOLUTION
Top Tips for Savvy Business Owners

CORAL SPRINGS , FLORIDA – Respected Debt Consultant Erwin Kaufman recently shared his broad knowledge of debt management, advising companies to ask for help before their situation turns too stressful or confrontational.

Kaufman, the founder of and visionary behind the Florida-based Debt Consulting Corp., works with businesses throughout the United States. After 17+ years in the debt consulting business, he has seen many companies stuck in a never-ending balancing act between managing/growing the business, generating revenue and meeting creditor demands.

“Our programs are tailored to help clients maintain good working relationships with suppliers, even when things get tight,” says Kaufman. “As ‘workout experts,’ we’re proud of our consistent history of settling commercial financial matters for less than one-third of the outstanding amount due.” He reports that while some client debts are remitted with 100% full payment the situations of most cash-strapped companies requires his firm to regularly save clients from 40% to 85% on debts, lawsuits, judgments, equipment leases and other payable accounts.

According to Kaufman, “There’s a tremendous need for commercial debt relief for the small to mid-sized business sector aside from the bankruptcy alternative. Our highly successful and cost-effective services have helped business owners and corporate officers get back to running their companies instead of being run ragged by them.”

Not sure whether you’re ready for debt restructuring? Kaufman offers these tips:

• DO Plan. If 23% or more of your payables are aged more than 75 days old, you are taking chances with the future of your company. A solid plan needs to be in place immediately to manage the debt load and satisfy your creditors. Otherwise, it’s probably just a matter of time before creditors litigate, win judgments increasing the indebtedness significantly, seize your assets and make it virtually impossible for the continued normal operation of your business.

• DON’T File. Do NOT file bankruptcy without first investigating and educating yourself to all the available options. Consulting with an experienced bankruptcy attorney is one of your options and should be considered. Many attorneys will provide a free consultation. We work hand-in-hand with many of our client’s attorneys and outside counsel throughout the country. Many attorney referrals are readily available. Should at anytime you decide to engage legal counsel that was referred by our office, all legal fees are to be discussed directly with that specific attorney. Be aware that while bankruptcy offers certain protections that our restructuring programs do not, companies face high up-front costs paid to bankruptcy attorneys no matter what the final results and with no real guarantees for a successful turnaround.

“On the other hand,” he explains, “with debt restructuring, there’s very low risk and a potential big reward. Our experience, successful program and hard work enable us to offer clients a cost-efficient alternative outside of litigation. Because attorneys are not usually involved in the process, creditors are paid more and and will likely have more freedom to choose how much they will accept over an agreed period of time. This amicable resolution leads to increased good will and ongoing business relationships.

About Debt Consulting Corp.
Since 1991, Debt Consulting Corp. has helped over 1000 businesses throughout the United States manage and resolve debt problems, past due bills, disputed payables, lawsuits, judgments, leases and loans. Located in Coral Springs, Florida, and headed by experienced debt consultant, negotiator and corporate restructuring professional Erwin Kaufman, the firm has consistently assisted troubled companies by supplying clients with out-of-court settlements with reductions from 40%-85% in the amount owed.



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