If you’d like to settle your business loans, you’ll be interested
in reading about a recent client that
reduced his debt by over 75%. Although these amazing results are not typical, it demonstrates an example
where a financially distressed business owner achieved substantial relief
through the diligent assistance of our debt negotiations team. At the
Law Office of Simon Goldenberg, PLLC, we are committed to helping businesses
find solutions customized to their needs, with a goal of achieving the
maximum savings attainable under the circumstances.
Business Loan Default Resolution
Call Today: (888) 301-0584
Reducing Defaulted Small Business Loans
In this situation, a borrower contacted our firm for assistance with resolving a
defaulted business loan with a balance of roughly
$135,000. The debt was assigned by the lender to a third-party commercial collection
agency. The business owner was on the verge of defaulting on multiple
loans and a merchant cash advance, so there was an imminent need of relief.
Our negotiators kept in contact with the lender's collection agents,
letting them know about the financial hardships our client’s business
is experiencing, and that he will strive to gather funds towards repayment.
It’s important to keep in touch with the lender; otherwise they
might think that the business is purposefully evading them, perhaps with
intent of avoiding repayment. This may cause the lender to expedite review
of the account to bring a lawsuit. We help lender’s agents understand
our client’s good-faith intentions.
Our negotiations concluded with a deal that allowed the small business
debt to be
$30,000, which represents about
25% of the outstanding balance –
a savings of $105,000! This is the type of result that can help a business achieve a dramatic
financial turnaround. There is no better time then now to explore your
options for business debt relief.
Business Debt Lawyers
If you’re trying to figure out how to resolve business debts, the
first step is to hire a firm with extensive experience in debt relief.
A firm you can trust to guide you towards a successful restructuring of
your debt. Our team understands the complex circumstances that cause businesses
to experience cash flow issues, and we are sensitive to our client’s
personal hardship. If you defaulted on a commercial loan with any lender
or business funding company, contact us to learn how to
get out of business debt.
Call our negotiations team at (888) 301-0584 to schedule your
Results vary; prior results do not guarantee similar performance. While
we strive to maintain accuracy and provide relevant case histories, in
order to protect the confidentiality of our client(s), all numbers are
approximations and are offered for illustrative and general informational
purposes only. This page does not purport to contain any legal advice.
We make no claim or allegation of wrongdoing by the entities discussed
on this page. There is a distinction between negotiations conducted under
a consulting basis (non-legal services), as opposed to legal services,
such as lawsuit defense which we handle only in New York & New Jersey.
Call us for an evaluation of your situation.