The road to debt is paved with good intentions…
Tips for getting back on the right road
By Erwin Kaufman, President, Debt Restructuring Corp.

You thought you were on the road to success, but somewhere along the way you must have taken a wrong turn. Are you headed to Debt-ville? Ask yourself these questions:

• Are you spending more time juggling debt and putting off creditors and less time growing your business?
• Is your once-promising company facing debt problems, payables in collection, lawsuits or judgments?
• Are you getting more and more calls from angry creditors, collection agencies and lawyers than you are from clients?
• Is your company nearing the danger zone with creditors, vendors and suppliers – that place where filing bankruptcy or closing your doors have been considered as options?

If you answered “yes” to any of these questions, you could benefit from professional debt consulting help.

We hope you choose to get help from experienced debt restructuring professionals that have an established track record and offer good references, but instead of – or in the meantime – here are some pointers that will go a long way in easing the stress and associated problems weighing you down as you journey through this temporary (yes, done right, it is temporary) down phase of your business’s existence:

• Be prepared. Keep as many notes and numbers at your fingertips as possible so you’ll have all the facts needed to support your position.
• Get proactive. You make the call. Don’t wait until a bill collector calls you. In most negotiations, the favor is in the court (pardon the expression) of the person or company that initiates the action.
• Know this. No matter what, you hold the cards in this deal. Your situation will ultimately determine how much of the debt in question gets paid and under what terms. All the factors surrounding every invoice on top of your desk or swept under your rug relate to your company’s ability to pay them. There’s an over used, but very true, saying (caution: try not to say this to a debt collection representative): “You can’t squeeze blood out of a stone.” But the fact is, if you ain’t got it, they ain’t getting it. Period!
• Attitude is everything. You will never be successful in negotiating debt if you take an aggressive, antagonistic approach. That’s a promise. No matter what your dilemma, whether your reason for non-payment seems unique to your company, it isn’t. While you must maintain professional decorum in your conversation, it’s safe to say that the person you’re speaking to is concerned with only one conclusion: payment in full of the bill in question. While some collection agents or collectors are empathetic, their job is still to apply the pressure on you to collect money for their clients.
• Finally. You probably have more time and resources to turn around your company than you think but, a plan MUST be in place.

It’s time to speak with an experienced professional debt consultant. For a free, no-commitment consultation, just fax your payables list now to 954.340.5813.

We can discuss the negotiation of one specific account or an entire financial restructuring of your business based on the merits of your specific situation. We can advise you on which creditors should be included and which creditors should be excluded from any restructuring plan.

Contact us today for a free, no-obligation and confidential phone or e-mail consultation. We’ll let you know immediately how you can get started without delay.