Personal and Business Financial Consulting and Trust Services

A company on the brink of bankruptcy has three alternatives: File a petition under Chapter 11 of the Bankruptcy Act, file for liquidation under Chapter 7, or seek an Informal Reorganization. Informal Reorganization is our specific area of expertise. We are workout specialists whose goal is to turn the business around through an orderly process outside of bankruptcy. The procedure is considerably less expensive than bankruptcy and provides the business a better chance for recovery.

We have over 35 years of tried and tested experience in this area of work and we command a respectable reputation in certain industries. We are many times hired by the company in crisis; at other times, we are brought in by a lender or, creditors will form a committee to retain us.

When hired, we move quickly through a series of steps which customarily include the following:

1.  We conduct a fast study of the business and assess its viability.

2.  We negotiate “stand still” agreements with lenders and principal creditors for a limited period of time in order to re open credit lines and access capital for the business.

3.  We raise immediate cash through the sale of stagnant assets, bridge loans and expense controls.

4.  We develop the Rehabilitation Plan and gain creditor acceptance.  These plans typically will involve a restructuring of the debt combined with our management services to monitor the plan for a period of time. Our proprietary methodologies and formulas, such as the, Merchandise Trust, the Capital Trust or the use of Irrevocable Trusts are exclusive to this field of work. These Programs provide additional protection and capital which insures the long term recovery of the business entity and 100% payouts to all creditors.