DEBT WORKOUT

A Don Todrin article on SBA Loan Default - For many it is a battle, you against them. Them being the bank, lessors, vendors, credit card companies, whomever you owe money to and cannot pay. Your objective is debt forgiveness, not total absolution.

A Don Todrin article on SBA Loan Workout - Please do not wait till your ship is under water, sinking rapidly and you're gasping for air. It is never too late, but you may be wasting valuable assets

Our track record for success is phenomenal. Almost every one of our clients exits successfully with a reduced personal guaranty averaging 7% of their debt---that's a 93% debt reduction! That works.

A Don Todrin article on SBA Loan Workouts - Last evening we were scheduled to speak about our debt workout strategies before a group of business leaders. It was a great opportunity to spread the word,

A Don Todrin article on SBA Loan Default Workout - Our guaranty is a direct reflection of our success. In short, with the appropriate support from our clients including adequate financial strength

A Don Todrin article on SBA Loan Workout - This is not intended to be legal advice, see an attorney for that, but as businessmen we must always consider the implications of many legal acts before we see the attorney

One must be realistic when entering into a workout negotiation. It is not like any other negotiation you have ever done. First, please keep in mind your position is defenseless.

I see it all the time, small business owners, trapped in a down cycle, with debt eating up all their cash flow and all their time is spent managing the debt, juggling cash flow, talking to or avoiding the bank.

Many small businesses are confronted with declining revenues and choking debt service. The economy is in a long-term wind-down so what we have now is what we can all expect for a long while. This is understandable.

A Don Todrin article on SBA Loan Default - It makes little sense, as the SBA has a definite Offer in Compromise program; we initiate it frequently and resolve defaulted loans very effectively.

A Don Todrin article on SBA Loan Default - "It's been over a year and we all understand the recession is here to stay for a long while. There is little any of us can do about this fact of business life."

The audacity of the credit card companies and banks holding defaulted loans is sometimes beyond belief. The list of outrageous acts and statements made by banks defies mere greed and ...

It has been said on almost every client consultation that our plan and projections are "too good to be true". It is my most frequent obstacle to overcome when I am offering our service to a small business owner.

It seems so obvious that it defies logic; most people---lawyers, various representatives of borrowers in default, etc.---do not totally grasp, understand and do what a workout requires.

Why pay your debt when you will end up doing the loan workout eventually? Consider the following... You all know how bad things really are for you and your business. Revenues are way down and overhead continues to creep upwards

A Don Todrin article on SBA Loan Workout - First of all, let me start by saying there are many excellent lawyers who do great jobs. However there are some basic facts and issues that often prevent the satisfactory conclusion

A Don Todrin article on SBA Debt Forgiveness - Bankruptcy does not work, it will cost you your business and your personal guaranty will require the payoff anyways, so what's the point? There are no other options.

A Don Todrin article on SBA Loan Default - The issue is complicated; people want to hold on to their homes. They want to pay their mortgage debt. They need to restructure their loans so they can afford to pay.

If you do suffer from credit card debt, are you doing anything to get out of it? Even if you cannot afford large monthly payments, do you know that there are still things that you can do to reduce or cut back on your debt?

It is called web 2.0, combining, blogs, video, Twitter, Facebook, Youtube, all integrated producing one knock out presentation to your market, and getting a terrific response.

Get back to running your business, doing what you do best. Leave the workout to pros.

One frequently held misconception to do a workout is that one must be dead broke, without a job or income. Not so at all. In fact one of our clients has six figure incomes...

what kind of things did I do or think of doing that were absolutely desperate ways of getting out of debt? Or what kinds of desperate things can you do? Here they are.