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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

Avoid Corporate Bankruptcy with Our Service

[Posted on November 3, 2008]

In this tough economic climate it can become very easy to be weighed down by debt.  If you are a business that is struggling to keep your head above water, debt can easily be one of the aspects that cause your business to fold and fail.  One consideration that many businesses make when realizing their debt has become unmanageable is corporate bankruptcy.  However, with the help of American Finasco, we can not only help you avoid filing for bankruptcy, but also help you manage your debt to become profitable in a very short period of time.  If you are looking for a strategy that can help you avoid corporate bankruptcy, have decent fundamentals and the will to succeed, American Finasco can be of great service.

Why Avoid Corporate Bankruptcy?
One of the questions we receive often is why avoid corporate bankruptcy?  Isn’t a clean slate and fresh start the best way to deal with large debt? Yes and no.  Unfortunately, for those businesses that are thinking about filing for corporate bankruptcy they may like the fact that they can get a fresh start, but there are plenty of negatives that most business owners don’t know about.  For instance, since the bankruptcy laws have changed over the last few years, the law now definitely leans to the side of the creditors making filing for bankruptcy not only more difficult, but more complicated and expensive.

For those considering corporate bankruptcy, you should know about just some of the few downsides of filing.  First, for companies that file for corporate bankruptcy, if you have even a small amount of personal debt tied into your business, you could be forced to also file personal bankruptcy.  In addition, the court has many new powers that can be quite restrictive on your company and reduce what your business needs most right now to succeed- flexibility.  Finally, the cost of filing for corporate bankruptcy can be ridiculously high and may make many business owners to wonder if renegotiating with creditors would have been a better solution.

American Finasco Debt Services
For those considering corporate bankruptcy, it is definitely worth your time to consider the strategies that American Finasco offers.  We have been helping thousands of businesses for over 20 years with their debt situations and we are confident that we can help you reduce your debt and get back on the path to success.  We offer a wide variety of strategies including debt management, debt negotiation, consolidation loans and much more that have proven time and time again to be very effective.  For more information regarding how your business can avoid corporate bankruptcy, please contact us directly today.

 

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