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Consider The American Finasco Debt Resolution Plan
As an Alternative to Filing Bankruptcy
 
  1. The minimum cost for a small to medium size business to file bankruptcy is normally $50,000.00. With the new bankruptcy law this cost is going to rise significantly, and historically over 80% of all chapter 11 bankruptcies still fail.
  2. Your creditors will benefit more under our plan, because there will be more cash to distribute without the significant cost of a bankruptcy.
  3. Most small business owners are personally liable for some of the debts, and therefore must file a personal bankruptcy as well as a business bankruptcy. The new rules for personal bankruptcy are very favorable to the creditors.
  4. Bankruptcy leaves a negative mark on your credit for 10 years.
  5. Owners give up control of their business under a bankruptcy- Attorneys and the courts take control.
  6. Bankruptcy is time consuming with court appearances, testimonies, and involvement with a trustee. Your time is better utilized in running your business, and letting American Finasco manage your delinquent debt, with little or no disruption to your business.
  7. The American Finasco Plan provides one of the key benefits of a Chapter 11 filing –the elimination of harassing calls from creditors, collection agencies and attorneys.
  8. The American Finasco plan minimizes legal costs by utilizing our National Attorney Network which bills on a flat fee schedule.



 
A small automotive repair company located in the Dallas, Texas assigned one claim to American Finasco. The claim was a lawsuit on an original cash loan of $26,000 secured with equipment vital to the client’s business. The lender had accelerated the note and was demanding $55,069.80, with interest and fees accruing. The client requested that American Finasco negotiate a payment plan and prevent repossession of the secured equipment.
American Finasco settled the claim for $25,200.00 and was successful in getting all late fees, interest, and attorney fees waived. The settlement not only prevented repossession of equipment, it also lowered the monthly payment required by increasing the terms of the note. 
   
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