Liability Management Program

The SERVICE: I specialize in providing a business debt restructuring program to assist companies which have accumulated unpaid and past due debt, by creating and implementing a plan to manage those liabilities, thereby improving their balance sheet and cash flow.

The BUFFER: Clients refer all of their creditors, or select creditors, for direct contact regarding payment of their invoices. Creditors are advised that a plan is being formulated to remit payment to them. They are invited to call at any time until the payment plan is formulated and all calls are returned promptly. This results in clients saving a great deal of time fielding such calls, absorbs the burden and stress from receiving unwanted calls, and promotes the restoration of the credibility of the business.

The PLAN: With many years experience in managing liabilities for businesses, I am able to provide a fresh, objective approach as to how clients can satisfy their outstanding debt. More importantly, realistic solutions can be created for a repayment plan that will work for the business and which the creditors will readily accept. Plans are offered that involve a reduction of liabilities as payment in full, extended payment plans for the full amount of debt, or a combination of both.

The PRESENTATION: After the plan is formulated, direct presentation is made to the creditors or their representatives, and acceptance of the plan is then negotiated. Based on the cash flow of the business, this can be accomplished on an across-the-board basis, or on the basis of creating priorities among creditors. In the event that legal actions are pending to collect the debt, since I do not engage in the practice of law, an interface is provided with clients' attorneys to assist in the negotiation of a settlement within the framework of our plan, or negotiation can take place directly with creditors’ attorneys.

The FEE: The fees are reasonable and predictable. Typically no fee is charged in advance and payment is contingent upon successful results. If a creditor does not accept the plan offered, no fee is charged to the client.

The RESULT: In the overwhelming majority of instances, creditors will agree to accept the terms proposed for repayment of the debt. The pressure on the business from the past due debt is relieved, and business owners can concentrate on what they do best, run their businesses.

References are provided upon request.

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