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From the President of a Gift Catalog Company in MD

I would like to extend my appreciation to American Finasco for the outstanding results of the service that was provided to my company. I discovered American Finasco through their website during my search for an organization that assisted commercial businesses experiencing financial distress. We assigned 127 creditor claims that totaled $315,643.00.

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Corporate Bankruptcy

Other Options to Corporate Bankruptcy

[Posted on October 20, 2008]

Business can sometime seem like a rollercoaster ride with many ups and downs.  And while a business can succumb to debt and become financially unstable, filing for corporate bankruptcy is not always the appropriate option.  Ensuring your corporation succeeds can require tremendous effort and skill and no doubt there are plenty of individuals that rely on the company for their livelihood.  This is why American Finasco can help those corporations that have the desire and fundamentals to continue.

The Corporate Bankruptcy Laws Have Changed
In 2005, corporate bankruptcy laws have changed and are now leaning to the side of the creditors.  Once a viable option for those businesses looking to seek the protection of the law in order to restructure, today’s corporate bankruptcy laws can make this task much more rigid and difficult.  For instance, the court is now more inclined to ask your company for a wide range of information that requires your company to spend lots of time and resources.  In fact, many businesses find it very difficult to try to get their business stabilized while tending to all the court’s request.  In addition, if a major portion of your corporate debt is due to personal expenses the court can require you to also go personal bankrupt.  Corporate bankruptcy was never easy, but today’s law definitely puts the ball in the creditor’s court.  With high filing fees and incredibly high legal fees, many businesses wish they can go back and use that money to negotiate and pay off creditors.

American Finasco Can Help You Achieve
Since corporate bankruptcy is not the right option for every business, those that have the desire and fundamentals should continue on.  American Finasco can help your business achieve.  We can help you renegotiate and restructure your debt, get your business out of the hole and once again get your company stabilized and ready to once again turn a profit. 

American Finasco has Over 20 Years of Experience
With over 20 years of experience, we have helped thousands of clients avoid corporate bankruptcy, climb out of debt and once again succeed.  We offer viable strategies, management assistance and a wide range of services geared towards your specific company.  Throughout the years, we have seen almost every imaginable issue, so while you may think your situation is unique, we have probably dealt with it in the past.

For more information on how to avoid corporate bankruptcy, visit our homepage today or contact us directly.

 

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Stephen Wright and Guest Mitch Vicknair, American Finasco - Price of Business