Small Business Bankruptcy Information

Updated:03/07/2010

This website is dedicated to helping save small businesses from bankruptcy. It is a shame that currently most companies just don't understand that there is a definite and viable alternative to declaring Small Business Bankruptcy.

The method involves employing a Business Debt Specialist who can work with a company's creditors to negotiate new manageable terms to their debts.

How?…

The reason this works is because if a company declares Small Business Bankruptcy, everyone involved loses. This includes a company's creditors, because they end up with nothing or a very small amount.

If a case is presented to them in the right way, that makes them fully understand a company's situation, then from a business point of view, it is in their interests to negotiate. They get paid more and most importantly a company can survive and rebuild.

The new plan can involve one or a combination of different measures that include, getting a straight reduction in the amount that is owed, a reduction in the interest rates being paid, or an increase in the time period over which the repayments are made.

The exact plan depends on the company and it's situation and the negotiations between the specialists and the company's creditors.

However….

These Small Business Bankruptcy avoidance programs can really transform lives. However, although the process in theory is quite simple, in practice it can be more complicated. It is very important to understand, that if you are determined to save your business, it will only happen by choosing the best business debt management companies to work on your behalf.

This is because it's an unfortunate fact that people needing business debt management are often in difficult, sometimes desperate situations and many unscrupulous companies in the debt industry have seen this as an opportunity to take advantage of them.

I still find that I am getting mail from subscribers every week, explaining the problems and broken promises they've had using these types of debt restructuring companies.

To try to solve this problem and help as many people as possible avoid Small Business Bankruptcy, my team and I have reviewed all the companies in the debt settlement, debt consolidation, and business debt management industry.

We’ve evaluated each company by talking to past clients, checking their credentials, and speaking with their workers. From the many that we have evaluated, we've gone on to form a list of the highest quality companies that can provide the best debt management services to their clients, and offer them the biggest chance to avoid Small Business Bankruptcy.

Each company that we recommend gives a free, no obligation consultation.

Small Business Bankruptcy Info #1 Choice

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Corporate Turnaround was formed in 1998. It was started by Jerry Silberman. At the time Jerry already had an extensive background in the industry, and had formed and been running a successful collections agency since 1990.

It was this knowledge and experience that made him understand the problems companies in debt were having. There were a huge number of good companies, that for what ever reason had fallen on tough times and that really wanted to pay off their debts, but just didn't know how to.

He had the foresight to realize that with a little financial help they could turn things round. However, all they were actually getting was a hard time from creditors, collection agencies and lawyers.

Corporate Turnaround was his vision to provide that help.

Since then he has become the industry authority on preventing small businesses bankruptcy, and Corporate Turnaround have helped more than 5,000 companies resolve over 25,000 debts.

Jerry is the co-author of the “Small Business Survival Book”. This has been endorsed by Steve Forbes and Jerry is also a featured expert on Bloomberg TV.

Corporate Turnaround also has a big presence in the media and has been regularly featured on many TV programs and in the national media including, The New York Times, The Wall Street Journal, Business Week and The CBS Evening News. They also have strategic alliances with ASBDC – Association of Small Business Development Centers and SCORE – Counselors to America’s Small Business.

There is no other company in the industry that has the same experience or credibility as Corporate Turnaround. They get better results more consistently than any other company and our client feedback supports this.

In fact their commitment to helping good companies get out of debt is so high, they even give away a free guide titled "How To Pay Business debts You Can't Afford". This teaches companies about the process they they use and allows them to try it themselves, if they so wish.

Corporate Turnarounds fees for their service are based on a percentage what they can save a company on their debts.

Organize a consultation with them, or get a free copy of their guide by filling some quick details on their website.

Click Here to visit the Corporate Turnaround website