How Does Debt Restructuring Program Work?
Debt Restructuring Program provides a viable option for businesses that have a serious debt problem. These are companies that have at least $15,000 of debt that is over 90 days old, owed to a minimum of four creditors. Rather than closing their doors, our Lender's program gives these businesses the opportunity to restructure their debt; thus helping them pay their creditors and stay in business.
The process through which our Lender restructures a business's debt is both effective and fair. He develops a plan that debtors can afford and creditors will accept. To accomplish this, the debtor's ability to repay on a consistent monthly basis must be established. The presence of any liens, lawsuits or judgments is also important, as is the amount of secured and unsecured assets. Once debtors submit their payables and the amounts are verified by the creditors, a realistic and workable plan can be offered.
Creditors are given multiple options ranging from pennies-on-the-dollar paid quickly to payment-in-full over time. Our program is a win-win situation for everyone.

What Are The Criteria?
1. Businesses must have at least $15,000.00 in debt that is over 90 days past due.
2. Businesses must have outstanding debt to at least four creditors.
3. In order to qualify for debt restructuring, a business must be able to pay either of the following: 2% or 3% of their total aggregate debt each month or, 1,000.00/ month whichever is greater.
Using 3% installment as an example: A business owing $40,000.00 must be able to pay $1,200.00/month. Similarly, a business that owes $20,000.00 must be able to pay $1,000.00/month and not $600.00.

Why Use Debt Restructuring Program?
With the help of over 100 experienced credit professionals, our Funder has developed a unique and systematic method for satisfying creditors with affordable installments that the debtor determines.
Debt Specialists analyze each client’s financial condition in order to structure the best available program that not only meets the needs of the debtor, but also the needs of the creditors.
Strategies for securing your assets will often deter creditors from proceeding with additional collection activities and will increase their motivation to settle. No longer will aggressive creditors have the ability to exhaust a debtor's resources.
There is no up-front cost. Though fees such as monthly service fees, debt reduction fees, listing fees, etc. are needed to manage the restructuring process, in most cases, the total amount paid back over time on unsecured debt including our fees, will not be more than what is owed.
We understand the importance of keeping vital supply lines open with certain creditors. If a debtor includes creditors that are vital to their business, we will make every effort to ensure that an ongoing relationship is part of the settlement.
There is no guesswork as to the amount of money the debtor needs because the monthly installment is predetermined based on the analysis of the debtor’s financial condition.
By converting short-term debt into manageable long-term accounts payable, we can increase the debtor's immediate cash flow.
Our Lender has developed and strictly conforms to The Restructuring Uniform Code of Ethics, which assures creditors fair treatment without the involvement of the courts so as to avoid the extra time and money required for lawsuits.

If you think that your business can benefit from Debt Restructuring Program contact us today at 847-224-3817 or E-MAIL us your questions and we will be happy to help you.